Labrador Gold (TSXV:LAB) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Labrador Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Labrador Gold'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. Labrador Gold's Operating Income for the three months ended in Mar. 2024 was C$ -0.23 Mil. Labrador Gold's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Labrador Gold 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.

Labrador Gold Interest Expense Historical Data

The historical data trend for Labrador Gold'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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Labrador Gold Interest Expense Chart

Labrador Gold Annual Data

Trend

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Interest Expense

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Labrador Gold Quarterly Data
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Labrador Gold 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.

Labrador Gold (TSXV:LAB) 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.

Labrador Gold's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

Labrador Gold had no long-term debt ⁽¹⁾.

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

Good Sign:

Labrador Gold Corp has no debt.

Labrador Gold (TSXV:LAB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Gold Corp (TSXV:LAB) » Definitions » Interest Expense

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NKOSF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.labradorgold.com

Labrador Gold Corp is a Canadian-based mineral exploration company. It focuses on the acquisition and exploration of prospective gold projects in the Americas. The company also has mineral rights interests in Ontario, Canada. Its projects include Borden Lake Extension Project, the Hopedale property, and the Kingsway property.

Executives

Roger Moss

Director, Senior Officer