American Lithium (TSXV:LI) Interest Expense : C$-0.03 Mil (TTM As of Nov. 2023)

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What is American Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Lithium's interest expense for the three months ended in Nov. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.03 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. American Lithium's Operating Income for the three months ended in Nov. 2023 was C$ -8.79 Mil. American Lithium's Interest Expense for the three months ended in Nov. 2023 was C$ -0.01 Mil. American Lithium 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.

American Lithium Interest Expense Historical Data

The historical data trend for American Lithium'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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American Lithium Interest Expense Chart

American Lithium Annual Data

Trend

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Feb23

Interest Expense

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-0.15

-0.09

American Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

American Lithium 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

American Lithium (TSXV:LI) 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.

American Lithium's Interest Expense for the three months ended in Nov. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Nov. 2023 was C$-8.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was C$0.09 Mil.

American Lithium's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

American Lithium did not have earnings to cover the interest expense.

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

American Lithium (TSXV:LI) Business Description

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AMLI:USA 5LA1:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.americanlithiumcorp.com

American Lithium Corp is an exploration-stage company. It is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. Its current focus is on developing its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, enabling the shift to a new energy paradigm. In addition, Falchani lithium and Macusani uranium development-stage projects are being advanced in southeastern Peru.