Western Resources (Western Resources) Interest Expense : $-0.29 Mil (TTM As of Dec. 2023)

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What is Western Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Western Resources's interest expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.29 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. Western Resources's Operating Income for the three months ended in Dec. 2023 was $ -0.34 Mil. Western Resources's Interest Expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Western 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.

Western Resources Interest Expense Historical Data

The historical data trend for Western 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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Western Resources Interest Expense Chart

Western Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.36

-2.48

-3.73

-0.40

Western Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.12	-0.15	-0.01	-0.01

Western 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.29 Mil.

Western Resources (OTCPK:WTRNF) 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.

Western Resources's Interest Expense for the three months ended in Dec. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $59.16 Mil.

Western Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

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

Western Resources (Western Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (OTCPK:WTRNF) » Definitions » Interest Expense

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WR0:Germany WRX:Canada

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernresources.com

Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.