Magnetic North Acquisition (TSXV:MNC) Interest Expense : C$0.00 Mil (TTM As of Sep. 2023)

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What is Magnetic North Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magnetic North Acquisition's interest expense for the three months ended in Sep. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 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. Magnetic North Acquisition's Operating Income for the three months ended in Sep. 2023 was C$ -0.29 Mil. Magnetic North Acquisition's Interest Expense for the three months ended in Sep. 2023 was C$ 0.00 Mil. Magnetic North Acquisition 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.

Magnetic North Acquisition Interest Expense Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition Interest Expense Chart

Magnetic North Acquisition Annual Data

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Interest Expense

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Magnetic North Acquisition Quarterly Data
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Magnetic North Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Magnetic North Acquisition (TSXV:MNC) 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.

Magnetic North Acquisition's Interest Expense for the three months ended in Sep. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$0.00 Mil.

Magnetic North Acquisition's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Magnetic North Acquisition had no long-term debt ⁽¹⁾.

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

Magnetic North Acquisition (TSXV:MNC) Business Description

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BKBLF:USA MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

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