Melkior Resources (TSXV:MKR) Interest Expense : C$0.00 Mil (TTM As of May. 2024)

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What is Melkior Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melkior Resources's interest expense for the three months ended in May. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 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. Melkior Resources's Operating Income for the three months ended in May. 2024 was C$ -0.09 Mil. Melkior Resources's Interest Expense for the three months ended in May. 2024 was C$ 0.00 Mil. Melkior Resources 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.

Melkior Resources Interest Expense Historical Data

The historical data trend for Melkior 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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Melkior Resources Interest Expense Chart

Melkior Resources Annual Data

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Interest Expense

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Melkior Resources Quarterly Data
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Melkior 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Melkior Resources (TSXV:MKR) 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.

Melkior Resources's Interest Expense for the three months ended in May. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in May. 2024 was C$-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was C$0.00 Mil.

Melkior Resources's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Melkior Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Melkior Resources Inc has no debt.

Melkior Resources Business Description

Industry

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

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MKRIF:USA

Address

66 Brousseau Avenue, Suite 207, Timmins, ON, CAN, P4N 5Y2

Website

http://www.melkior.com

Melkior Resources Inc is a mineral exploration company. It is engaged in the acquisition and exploration of mining properties. Its exploration includes gold, base metal, and others. Its projects include Carscallen Project, Val d'Or Project, and other projects.

Executives

Jonathon Deluce	Director, Senior Officer
Keith James Deluce	10% Security Holder, Director
Norman Farrell	Director

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