Prism Resources (TSXV:PRS.H) Interest Expense : C$-0.05 Mil (TTM As of Jun. 2024)

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What is Prism Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prism Resources's interest expense for the three months ended in Jun. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was C$-0.05 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. Prism Resources's Operating Income for the three months ended in Jun. 2024 was C$ -0.02 Mil. Prism Resources's Interest Expense for the three months ended in Jun. 2024 was C$ -0.01 Mil. Prism Resources 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.

Prism Resources Interest Expense Historical Data

The historical data trend for Prism 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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Prism Resources Interest Expense Chart

Prism Resources Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.02

-0.04

-0.05

Prism Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.01	-	-0.03	-0.01	-0.01

Prism 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.05 Mil.

Prism Resources (TSXV:PRS.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.

Prism Resources's Interest Expense for the three months ended in Jun. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Jun. 2024 was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was C$0.00 Mil.

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

Prism Resources did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Prism Resources Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Prism Resources Business Description

Industry

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

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Address

3552 West 41st Avenue, P O Box 71030, Vancouver, BC, CAN, V6N 4J9

Website

https://www.prismresourcesinc.com

Prism Resources Inc primarily operates in the acquisition and exploration of mineral properties. Its project includes The Huampar Project is located approximately 80 km NE of Lima Peru, in the southern portion of the Central Peruvian Polymetallic Belt. Geographically, the company operates in Peru and Canada.

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