Midnight Sun Mining (TSXV:MMA) Interest Expense : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Midnight Sun Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Midnight Sun Mining's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. Midnight Sun Mining's Operating Income for the three months ended in Mar. 2024 was C$ -0.39 Mil. Midnight Sun Mining's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Midnight Sun Mining 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.

Midnight Sun Mining Interest Expense Historical Data

The historical data trend for Midnight Sun Mining'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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Midnight Sun Mining Interest Expense Chart

Midnight Sun Mining Annual Data

Trend

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Interest Expense

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-0.01

-0.02

Midnight Sun Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.02	-0.01

Midnight Sun Mining 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$-0.03 Mil.

Midnight Sun Mining (TSXV:MMA) 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.

Midnight Sun Mining's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.30 Mil.

Midnight Sun Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Midnight Sun Mining did not have earnings to cover the interest expense.

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

Midnight Sun Mining (TSXV:MMA) Business Description

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MDNGF:USA

Address

789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.

Executives

Allan John Fabbro

10% Security Holder, Director, Senior Officer

Midnight Sun Mining (TSXV:MMA) Headlines

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