Electric Royalties (TSXV:ELEC) Interest Expense : C$-0.42 Mil (TTM As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Electric Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electric Royalties's interest expense for the three months ended in Mar. 2024 was C$ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.42 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. Electric Royalties's Operating Income for the three months ended in Mar. 2024 was C$ -0.69 Mil. Electric Royalties's Interest Expense for the three months ended in Mar. 2024 was C$ -0.18 Mil. Electric Royalties did not have earnings to cover the interest expense. 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.

Electric Royalties Interest Expense Historical Data

The historical data trend for Electric Royalties'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.

* Premium members only.

Electric Royalties Interest Expense Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.30

Electric Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-	-0.04	-0.06	-0.17	-0.18

Electric Royalties 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$-0.42 Mil.

Electric Royalties (TSXV:ELEC) 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.

Electric Royalties's Interest Expense for the three months ended in Mar. 2024 was C$-0.18 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.01 Mil.

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

Electric Royalties did not have earnings to cover the interest expense.

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

Electric Royalties (TSXV:ELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper that will benefit from the drive toward electrification of a variety of consumer products such as cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications. The Company's mineral royalty interests and deferred transaction costs, and investment in an associate are located in the following locations: Canada, United States of America, Southern Hemisphere, Norway and Others.

Executives

Stefan Gleason

10% Security Holder, Director

Electric Royalties (TSXV:ELEC) Headlines

No Headlines