Monarca Minerals (TSXV:MMN) Interest Expense : C$-0.34 Mil (TTM As of Feb. 2024)

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What is Monarca Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Monarca Minerals's interest expense for the three months ended in Feb. 2024 was C$ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.34 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. Monarca Minerals's Operating Income for the three months ended in Feb. 2024 was C$ -0.11 Mil. Monarca Minerals's Interest Expense for the three months ended in Feb. 2024 was C$ -0.09 Mil. Monarca Minerals 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.

Monarca Minerals Interest Expense Historical Data

The historical data trend for Monarca Minerals'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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Monarca Minerals Interest Expense Chart

Monarca Minerals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-0.17

-0.13

-0.23

-0.26

-0.32

Monarca Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.08	-0.08	-0.09	-0.09

Monarca Minerals 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.34 Mil.

Monarca Minerals (TSXV:MMN) 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.

Monarca Minerals's Interest Expense for the three months ended in Feb. 2024 was C$-0.09 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

Monarca Minerals's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Monarca Minerals did not have earnings to cover the interest expense.

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

Monarca Minerals (TSXV:MMN) Business Description

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ORAGF:USA OSI2:Germany

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.monarcaminerals.com

Monarca Minerals Inc is in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. Its project portfolio includes Tejamen, San Lucas, San Jose, and El Sol. The primary focus of new work at Tejamen consists of follow-up core drilling. Outcrop sampling identified two parallel gold-silver zones, known as the El Doctor zone (Noche Buena). Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District.

Executives

Carlos Enrique Espinosa Jove

Director

Monarca Minerals (TSXV:MMN) Headlines

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