WDGRF (Wedgemount Resources) Interest Expense : $-0.18 Mil (TTM As of Oct. 2024)

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What is Wedgemount Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wedgemount Resources's interest expense for the three months ended in Oct. 2024 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $-0.18 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. Wedgemount Resources's Operating Income for the three months ended in Oct. 2024 was $ -0.82 Mil. Wedgemount Resources's Interest Expense for the three months ended in Oct. 2024 was $ -0.07 Mil. Wedgemount 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.

Wedgemount Resources Interest Expense Historical Data

The historical data trend for Wedgemount 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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Wedgemount Resources Interest Expense Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Interest Expense

-0.05

-0.13

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial											-0.03	-0.03	-0.04	-0.04	-0.07

Wedgemount 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

Wedgemount Resources (OTCPK:WDGRF) 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.

Wedgemount Resources's Interest Expense for the three months ended in Oct. 2024 was $-0.07 Mil. Its Operating Income for the three months ended in Oct. 2024 was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $2.02 Mil.

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

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

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

Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (OTCPK:WDGRF) » Definitions » Interest Expense

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WDGY:Canada

Address

2303 Lawson Avenue, West Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.