ACME Lithium (XCNQ:ACME) Interest Expense : C$-0.02 Mil (TTM As of Dec. 2023)

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What is ACME Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACME Lithium's interest expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.02 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. ACME Lithium's Operating Income for the three months ended in Dec. 2023 was C$ -0.27 Mil. ACME Lithium's Interest Expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. ACME Lithium 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.

ACME Lithium Interest Expense Historical Data

The historical data trend for ACME Lithium'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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ACME Lithium Interest Expense Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.02

-0.01

-0.03

ACME Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-0.02	-	-0.01

ACME Lithium 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 C$-0.02 Mil.

ACME Lithium (XCNQ:ACME) 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.

ACME Lithium's Interest Expense for the three months ended in Dec. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.13 Mil.

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

ACME Lithium did not have earnings to cover the interest expense.

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

ACME Lithium (XCNQ:ACME) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (XCNQ:ACME) » Definitions » Interest Expense

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ACLHF:USA

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

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