SRQ Resources (TSXV:SRQ) Interest Expense : C$0.00 Mil (TTM As of Sep. 2024)

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What is SRQ Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SRQ Resources's interest expense for the three months ended in Sep. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. SRQ Resources's Operating Income for the three months ended in Sep. 2024 was C$ -0.35 Mil. SRQ Resources's Interest Expense for the three months ended in Sep. 2024 was C$ 0.00 Mil. SRQ Resources 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.

SRQ Resources Interest Expense Historical Data

The historical data trend for SRQ 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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SRQ Resources Interest Expense Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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SRQ 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

SRQ Resources (TSXV:SRQ) 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.

SRQ Resources's Interest Expense for the three months ended in Sep. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.00 Mil.

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

SRQ Resources 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. SRQ Resources Inc has enough cash to cover all of its debt. Its financial situation is stable.

SRQ Resources Business Description

Industry

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

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SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

https://www.srqexploration.com

SRQ Resources Inc is a metals corporation exploring nickel, copper, and platinum in the province of Quebec The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Dumoine, The Lac Duncan, Montmord, Northfield, The Lac Picanoc property, Cabonga, and Other properties.

Executives

Marc-antoine Audet

Senior Officer

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