Lode Gold Resources (TSXV:LOD) Interest Expense : C$-0.83 Mil (TTM As of Dec. 2023)

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What is Lode Gold Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lode Gold Resources's interest expense for the three months ended in Dec. 2023 was C$ -0.54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.83 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. Lode Gold Resources's Operating Income for the three months ended in Dec. 2023 was C$ -0.70 Mil. Lode Gold Resources's Interest Expense for the three months ended in Dec. 2023 was C$ -0.54 Mil. Lode Gold 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.

Lode Gold Resources Interest Expense Historical Data

The historical data trend for Lode Gold 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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Lode Gold Resources Interest Expense Chart

Lode Gold Resources Annual Data

Trend

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Dec23

Interest Expense

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-0.22

-0.57

-0.55

Lode Gold 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															-0.57	-0.14	-0.15	-	-0.54

Lode Gold 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$-0.83 Mil.

Lode Gold Resources (TSXV:LOD) 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.

Lode Gold Resources's Interest Expense for the three months ended in Dec. 2023 was C$-0.54 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$2.94 Mil.

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

Lode Gold Resources did not have earnings to cover the interest expense.

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

Lode Gold Resources (TSXV:LOD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Gold Resources Inc (TSXV:LOD) » Definitions » Interest Expense

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SBMIF:USA

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.stratabound.com

Lode Gold Resources Inc formerly Stratabound Minerals Corp is a mineral exploration and development company with its advanced-stage Fremont Gold Project in the Mother Lode Gold Belt of California. The Project features an NI 43-101 Mineral Resource estimate of 1.16M ounces at an average grade of 1.90 g/t Au in the Indicated plus 2.02M ounces at an average grade of 2.22 g/t Au in the Inferred Mineral Resource classifications encompassing two historic high-grade U/G gold mines. Also, Fremont hosts three other undeveloped gold occurrences across 4 km of strike along the prolific Mother Lode Gold Belt. The company is also advancing its other early-stage gold projects: Golden Culvert, YT, McIntyre Brook, NB, and Dingman, ON gold projects.

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