Victoria Gold (Victoria Gold) Interest Expense : $-16.1 Mil (TTM As of Mar. 2024)

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What is Victoria Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victoria Gold's interest expense for the three months ended in Mar. 2024 was $ -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.1 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. Victoria Gold's Operating Income for the three months ended in Mar. 2024 was $ 4.1 Mil. Victoria Gold's Interest Expense for the three months ended in Mar. 2024 was $ -3.9 Mil. Victoria Gold's Interest Coverage for the quarter that ended in Mar. 2024 was 1.05. 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.

Victoria Gold Interest Expense Historical Data

The historical data trend for Victoria Gold'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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Victoria Gold Interest Expense Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.11

-7.90

-7.42

-8.65

-16.02

Victoria Gold Quarterly Data
	May19	Aug19	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															-3.81	-4.19	-4.02	-3.94	-3.95

Victoria Gold 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 $-16.1 Mil.

Victoria Gold (OTCPK:VITFF) 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.

Victoria Gold's Interest Expense for the three months ended in Mar. 2024 was $-3.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $4.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $143.5 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.142	/	-3.948
	=	1.05

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

Victoria Gold (Victoria Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (OTCPK:VITFF) » Definitions » Interest Expense

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Traded in Other Exchanges

VI9A:Germany VGCX:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

Victoria Gold (Victoria Gold) Headlines

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