Pure Gold Mining (TSXV:PGM.H) Interest Expense : C$-16.20 Mil (TTM As of Sep. 2022)

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What is Pure Gold Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pure Gold Mining's interest expense for the three months ended in Sep. 2022 was C$ -3.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was C$-16.20 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. Pure Gold Mining's Operating Income for the three months ended in Sep. 2022 was C$ -13.59 Mil. Pure Gold Mining's Interest Expense for the three months ended in Sep. 2022 was C$ -3.18 Mil. Pure Gold 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.

Pure Gold Mining Interest Expense Historical Data

The historical data trend for Pure Gold 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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Pure Gold Mining Interest Expense Chart

Pure Gold Mining Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Interest Expense

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-0.01

-0.05

-0.06

-5.94

Pure Gold Mining Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-2.29	-3.63	-5.55	-3.84	-3.18

Pure Gold 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-16.20 Mil.

Pure Gold Mining (TSXV:PGM.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.

Pure Gold Mining's Interest Expense for the three months ended in Sep. 2022 was C$-3.18 Mil. Its Operating Income for the three months ended in Sep. 2022 was C$-13.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was C$3.94 Mil.

Pure Gold Mining's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Pure Gold Mining did not have earnings to cover the interest expense.

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

Pure Gold Mining (TSXV:PGM.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Gold Mining Inc (TSXV:PGM.H) » Definitions » Interest Expense

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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