District Mines (TSXV:DIG.H) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is District Mines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. District Mines's interest expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$0.00 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. District Mines's Operating Income for the three months ended in Mar. 2024 was C$ -0.08 Mil. District Mines's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. District Mines has no long-term debt ⁽¹⁾. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

District Mines Interest Expense Historical Data

The historical data trend for District Mines's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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District Mines Interest Expense Chart

District Mines Annual Data

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Interest Expense

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District Mines Quarterly Data
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District Mines Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

District Mines (TSXV:DIG.H) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

District Mines's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

District Mines's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

District Mines had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

District Mines Ltd has no debt.

District Mines (TSXV:DIG.H) Business Description

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Address

1030 West Georgia, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.districtmines.com

District Mines Ltd explores and develops petroleum and natural gas reserves in Western Canada. It generates revenue from oil and gas.

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