Lovitt Resources (TSXV:LRC.H) Interest Expense : C$-0.10 Mil (TTM As of Mar. 2023)

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What is Lovitt Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lovitt Resources's interest expense for the three months ended in Mar. 2023 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was C$-0.10 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. Lovitt Resources's Operating Income for the three months ended in Mar. 2023 was C$ -0.06 Mil. Lovitt Resources's Interest Expense for the three months ended in Mar. 2023 was C$ -0.02 Mil. Lovitt 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.

Lovitt Resources Interest Expense Historical Data

The historical data trend for Lovitt 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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Lovitt Resources Interest Expense Chart

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Interest Expense

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-0.07

-0.06

-0.07

-0.09

-0.10

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.03	-0.02	-0.02	-0.02

Lovitt 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.10 Mil.

Lovitt Resources (TSXV:LRC.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.

Lovitt Resources's Interest Expense for the three months ended in Mar. 2023 was C$-0.02 Mil. Its Operating Income for the three months ended in Mar. 2023 was C$-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was C$0.00 Mil.

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

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

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

Lovitt Resources (TSXV:LRC.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Interest Expense

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Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

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