Teras Resources (TSXV:TRA) Interest Expense : C$0.00 Mil (TTM As of Feb. 2023)

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What is Teras Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teras Resources's interest expense for the three months ended in Feb. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2023 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. Teras Resources's Operating Income for the three months ended in Feb. 2023 was C$ -0.15 Mil. Teras Resources's Interest Expense for the three months ended in Feb. 2023 was C$ 0.00 Mil. Teras 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.

Teras Resources Interest Expense Historical Data

The historical data trend for Teras 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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Teras Resources Interest Expense Chart

Teras Resources Annual Data

Trend

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May22

Interest Expense

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-0.13

-0.15

-0.01

Teras Resources Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Teras 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Teras Resources (TSXV:TRA) 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.

Teras Resources's Interest Expense for the three months ended in Feb. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Feb. 2023 was C$-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2023 was C$0.00 Mil.

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

Teras Resources had no long-term debt ⁽¹⁾.

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

Teras Resources (TSXV:TRA) Business Description

Industry

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

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TRARF:USA

Address

206, 6025 - 12th Street South East, Calgary, AB, CAN, T2H 1K1

Website

https://www.teras.ca

Teras Resources Inc is a junior mining exploration & development company. The company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada, and Cahuilla in California. The company explores gold, silver, and base metals. Its projects include Cahuilla Gold Project, Golden Jubilee, Corral Canyon, Gold Point, Watseca Mill and other projects. The Cahuilla Project is located in northwest Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, and includes a mill site and mining claims.

Executives

Joe Carrabba

Director, Senior Officer

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