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Highbank Resources (TSXV:HBK) Interest Expense : C$-1.46 Mil (TTM As of Dec. 2023)


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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 Dec. 2023 was C$ -0.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.46 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 Dec. 2023 was C$ -0.07 Mil. Highbank Resources's Interest Expense for the three months ended in Dec. 2023 was C$ -0.39 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.

* Premium members only.

Highbank Resources Interest Expense Chart

Highbank Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.74 -0.74 -0.83 -1.22 -1.46

Highbank Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.34 -0.32 -0.37 -0.37 -0.39

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.46 Mil.

* 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.

Highbank Resources  (TSXV:HBK) Interest Expense Explanation

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. The higher, the better.

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 Dec. 2023 was C$-0.39 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Highbank Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

* 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.

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

Highbank Resources (TSXV:HBK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highbank Resources Ltd (TSXV:HBK) » Definitions » Interest Expense
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Traded in Other Exchanges
HBKRF:USA 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
Victor Nigel Bryant Director