Whitemud Resources (TSXV:WMK) Interest Expense : C$-0.06 Mil (TTM As of Mar. 2024)

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What is Whitemud Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Whitemud Resources's interest expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.06 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. Whitemud Resources's Operating Income for the three months ended in Mar. 2024 was C$ -0.31 Mil. Whitemud Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. Whitemud 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.

Whitemud Resources Interest Expense Historical Data

The historical data trend for Whitemud 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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Whitemud Resources Interest Expense Chart

Whitemud Resources Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.12

-0.02

Whitemud Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-0.02	-0.02	-	-0.02

Whitemud 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.06 Mil.

Whitemud Resources (TSXV:WMK) 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.

Whitemud Resources's Interest Expense for the three months ended in Mar. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$3.02 Mil.

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

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

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

Whitemud Resources (TSXV:WMK) Business Description

Industry

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

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Address

205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7

Website

https://www.whitemudresources.com

Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.

Executives

Stanley Alex Owerko

Director, Director or Senior Officer of 10% Security Holder, Senior Officer