Strategic Resources (TSXV:SR) Interest Expense : C$-0.32 Mil (TTM As of Mar. 2023)

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What is Strategic Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strategic Resources's interest expense for the three months ended in Mar. 2023 was C$ -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was C$-0.32 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. Strategic Resources's Operating Income for the three months ended in Mar. 2023 was C$ -1.76 Mil. Strategic Resources's Interest Expense for the three months ended in Mar. 2023 was C$ -0.32 Mil. Strategic 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.

Strategic Resources Interest Expense Historical Data

The historical data trend for Strategic 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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Strategic Resources Interest Expense Chart

Strategic Resources Annual Data

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Interest Expense

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-0.01

Strategic Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-0.32

Strategic 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.32 Mil.

Strategic Resources (TSXV:SR) 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.

Strategic Resources's Interest Expense for the three months ended in Mar. 2023 was C$-0.32 Mil. Its Operating Income for the three months ended in Mar. 2023 was C$-1.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was C$16.27 Mil.

Strategic Resources's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

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

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

Strategic Resources (TSXV:SR) Business Description

Industry

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

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SCCFF:USA

Address

1155 Metcalfe Street, Suite 1539, Montréal, QC, CAN, H3B 2V6

Website

https://www.strategic-res.com

Strategic Resources Inc is a mineral exploration and development company engaged in the acquisition, exploration, and development of vanadium, iron, titanium, and other metals for the electrification of the economy. The Company is focused on its flagship Mustavaara vanadium-iron-titanium project in Finland. Other project includes the construction-ready BlackRock Vanadium-Titanium-Iron Project in Quebec. The Group has one operating segment, being the acquisition, exploration and evaluation of mineral assets. The company operates in Canada and Finland.

Executives

Scott Victor Andrew Hicks

Director, Senior Officer