Garibaldi Resources (TSXV:GGI) Interest Expense : C$-0.64 Mil (TTM As of Oct. 2024)

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What is Garibaldi Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garibaldi Resources's interest expense for the three months ended in Oct. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was C$-0.64 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. Garibaldi Resources's Operating Income for the three months ended in Oct. 2024 was C$ -0.12 Mil. Garibaldi Resources's Interest Expense for the three months ended in Oct. 2024 was C$ -0.01 Mil. Garibaldi Resources 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.

Garibaldi Resources Interest Expense Historical Data

The historical data trend for Garibaldi Resources'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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Garibaldi Resources Interest Expense Chart

Garibaldi Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-0.03

-0.04

-0.01

-0.68

Garibaldi Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.60	-	-0.03	-0.01

Garibaldi Resources 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.64 Mil.

Garibaldi Resources (TSXV:GGI) 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.

Garibaldi Resources's Interest Expense for the three months ended in Oct. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Oct. 2024 was C$-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was C$0.00 Mil.

Garibaldi Resources's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Garibaldi Resources did not have earnings to cover the interest expense.

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

Garibaldi Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Garibaldi Resources Corp (TSXV:GGI) » Definitions » Interest Expense

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GGIFF:USA 0UX6:UK RQM:Germany

Address

409 Granville Street, Suite 1150, Vancouver, BC, CAN, V6C 1T2

Website

https://www.garibaldiresources.com

Garibaldi Resources Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The company's projects include Red Lion; Palm Spring; Sid, Sunrise and Atlin, and others.

Executives

Raymond Goldie	Director
Barrie Di Castri	Senior Officer
Peter Craig Gibson	Director

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