Oceanic Iron Ore (TSXV:FEO) Interest Expense : C$-0.52 Mil (TTM As of Mar. 2024)

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What is Oceanic Iron Ore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceanic Iron Ore's interest expense for the three months ended in Mar. 2024 was C$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.52 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. Oceanic Iron Ore's Operating Income for the three months ended in Mar. 2024 was C$ -0.14 Mil. Oceanic Iron Ore's Interest Expense for the three months ended in Mar. 2024 was C$ -0.12 Mil. Oceanic Iron Ore 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.

Oceanic Iron Ore Interest Expense Historical Data

The historical data trend for Oceanic Iron Ore'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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Oceanic Iron Ore Interest Expense Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-0.23

-0.36

-0.45

-0.54

Oceanic Iron Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.14	-0.14	-0.14	-0.12

Oceanic Iron Ore 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$-0.52 Mil.

Oceanic Iron Ore (TSXV:FEO) 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.

Oceanic Iron Ore's Interest Expense for the three months ended in Mar. 2024 was C$-0.12 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

Oceanic Iron Ore's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Oceanic Iron Ore did not have earnings to cover the interest expense.

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

Oceanic Iron Ore (TSXV:FEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceanic Iron Ore Corp (TSXV:FEO) » Definitions » Interest Expense

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives