Velocity Minerals (TSXV:VLC) Interest Expense : C$-0.01 Mil (TTM As of Mar. 2024)

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What is Velocity Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velocity Minerals's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.01 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. Velocity Minerals's Operating Income for the three months ended in Mar. 2024 was C$ -0.47 Mil. Velocity Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Velocity Minerals 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.

Velocity Minerals Interest Expense Historical Data

The historical data trend for Velocity 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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Velocity Minerals Interest Expense Chart

Velocity Minerals Annual Data

Trend

Jun14

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Dec23

Interest Expense

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-0.50

-0.64

-0.15

-0.02

Velocity Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	0.01	-0.01

Velocity 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$-0.01 Mil.

Velocity Minerals (TSXV:VLC) 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.

Velocity Minerals's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.04 Mil.

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

Velocity Minerals did not have earnings to cover the interest expense.

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

Velocity Minerals (TSXV:VLC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velocity Minerals Ltd (TSXV:VLC) » Definitions » Interest Expense

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VLCJF:USA

Address

999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2

Website

https://www.velocityminerals.com

Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.

Executives

Robert Charles Kopple

10 percent owner

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