VRBFF (Vanadiumcorp Resource) Interest Expense : $-0.06 Mil (TTM As of Jul. 2024)

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What is Vanadiumcorp Resource Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vanadiumcorp Resource's interest expense for the three months ended in Jul. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $-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. Vanadiumcorp Resource's Operating Income for the three months ended in Jul. 2024 was $ -0.20 Mil. Vanadiumcorp Resource's Interest Expense for the three months ended in Jul. 2024 was $ -0.02 Mil. Vanadiumcorp Resource 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.

Vanadiumcorp Resource Interest Expense Historical Data

The historical data trend for Vanadiumcorp Resource'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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Vanadiumcorp Resource Interest Expense Chart

Vanadiumcorp Resource Annual Data

Trend

Oct14

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Interest Expense

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-0.01

-0.02

Vanadiumcorp Resource Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.02	-0.02	-0.02

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

Vanadiumcorp Resource (OTCPK:VRBFF) 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.

Vanadiumcorp Resource's Interest Expense for the three months ended in Jul. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Jul. 2024 was $-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $0.37 Mil.

Vanadiumcorp Resource's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Vanadiumcorp Resource did not have earnings to cover the interest expense.

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

Vanadiumcorp Resource Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadiumcorp Resource Inc (OTCPK:VRBFF) » Definitions » Interest Expense

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NWN:Germany VRB:Canada

Address

303-5455 West Boulevard, Vancouver, BC, CAN, V6M 3W5

Website

https://www.vanadiumcorp.com

Vanadiumcorp Resource Inc is engaged in the exploration and development of mineral properties in Canada. It is also involved in the development of vanadium redox flow battery technology in Germany. The company's primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.