GoldON Resources (TSXV:GLD) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is GoldON Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GoldON Resources'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. GoldON Resources's Operating Income for the three months ended in Mar. 2024 was C$ -0.07 Mil. GoldON Resources's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. GoldON Resources 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.

GoldON Resources Interest Expense Historical Data

The historical data trend for GoldON 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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GoldON Resources Interest Expense Chart

GoldON Resources Annual Data

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Interest Expense

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GoldON Resources Quarterly Data
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GoldON 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

GoldON Resources (TSXV:GLD) 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.

GoldON Resources's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

GoldON Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

GoldON Resources Ltd has no debt.

GoldON Resources (TSXV:GLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldON Resources Ltd (TSXV:GLD) » Definitions » Interest Expense

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NCMBF:USA

Address

179 - 2945 Jacklin Road, Suite 416, Victoria, BC, CAN, V9B 6J9

Website

https://www.goldonresources.com

GoldON Resources Ltd is an mineral exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. The current project portfolio includes seven properties located in the Red Lake Mining District (McDonough, Springpole East, Red Lake North, Pipestone Bay, Pakwash North, McInnes Lake, and West Madsen) and an eighth property located in the Patricia Mining District (Slate Falls).

Executives

Joseph Jerome Smulders

Director