Snowline Gold (TSXV:SGD) Interest Expense : C$-0.06 Mil (TTM As of Sep. 2024)

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What is Snowline Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snowline Gold's interest expense for the three months ended in Sep. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.06 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. Snowline Gold's Operating Income for the three months ended in Sep. 2024 was C$ -22.22 Mil. Snowline Gold's Interest Expense for the three months ended in Sep. 2024 was C$ -0.02 Mil. Snowline Gold 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.

Snowline Gold Interest Expense Historical Data

The historical data trend for Snowline Gold'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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Snowline Gold Interest Expense Chart

Snowline Gold Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Dec22

Dec23

Interest Expense

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-0.05

-0.10

-0.08

Snowline Gold Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.01	-0.02	-0.01	-0.02

Snowline Gold 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.06 Mil.

Snowline Gold (TSXV:SGD) 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.

Snowline Gold's Interest Expense for the three months ended in Sep. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-22.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.02 Mil.

Snowline Gold's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Snowline Gold did not have earnings to cover the interest expense.

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

Snowline Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snowline Gold Corp (TSXV:SGD) » Definitions » Interest Expense

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SNWGF:USA

Address

No.1012 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.snowlinegold.com

Snowline Gold Corp is a gold exploration company. The company is exploring its Einarson and Rogue gold projects in Selwyn Basin. All projects of the company lie in the prolific Tintina gold province that hosts gold mines and deposits from Kinross' Fort Knox to Goldcorp's Coffee. The Company operates in a single reportable operating segment, being the exploration and development of mineral properties.

Executives

Calum Macleod Morrison	Director
Matthew Frederick Roma	Senior Officer
Sarah Kathleen Weber	Director
Axel Gunther Ruediger Roehlig	Director
Sukvinder Sokhie Puar	Director