Shine Minerals (TSXV:SMR.H) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Shine Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shine Minerals's interest expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. Shine Minerals's Operating Income for the three months ended in Mar. 2024 was C$ -0.07 Mil. Shine Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Shine Minerals 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.

Shine Minerals Interest Expense Historical Data

The historical data trend for Shine 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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Shine Minerals Interest Expense Chart

Shine Minerals Annual Data

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Interest Expense

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Shine Minerals Quarterly Data
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Shine 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Shine Minerals (TSXV:SMR.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.

Shine Minerals's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

Shine Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shine Minerals Corp has enough cash to cover all of its debt. Its financial situation is stable.

Shine Minerals (TSXV:SMR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shine Minerals Corp (TSXV:SMR.H) » Definitions » Interest Expense

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Address

1620 Dickson Avenue, Suite 750, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.shineminerals.ca

Shine Minerals Corp is engaged in the acquisition, exploration, evaluation, and development of mineral resource assets. Its asset includes the Watts Lake Zinc project located in Saskatchewan.

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