Highbank Resources (TSXV:HBK.H) Interest Expense : C$-0.75 Mil (TTM As of Sep. 2024)

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What is Highbank Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Highbank Resources's interest expense for the three months ended in Sep. 2024 was C$ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.75 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. Highbank Resources's Operating Income for the three months ended in Sep. 2024 was C$ -0.03 Mil. Highbank Resources's Interest Expense for the three months ended in Sep. 2024 was C$ -0.13 Mil. Highbank 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.

Highbank Resources Interest Expense Historical Data

The historical data trend for Highbank 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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Highbank Resources Interest Expense Chart

Highbank Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.74

-0.83

-1.22

-1.46

Highbank Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.37	-0.39	-0.10	-0.13	-0.13

Highbank 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.75 Mil.

Highbank Resources (TSXV:HBK.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.

Highbank Resources's Interest Expense for the three months ended in Sep. 2024 was C$-0.13 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.00 Mil.

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

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

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

Highbank Resources Business Description

Industry

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

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V7O0:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.highbankresources.com

Highbank Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's project includes the Swamp Point North project.

Executives

Gary Musil	Director, Senior Officer
James Howard Place	Director, Senior Officer
William John Loucks	Director
Victor Nigel Bryant	Director

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