Avanti Gold (XCNQ:AGC) Interest Expense : C$0.00 Mil (TTM As of Jan. 2024)

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What is Avanti Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avanti Gold's interest expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$0.00 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. Avanti Gold's Operating Income for the three months ended in Jan. 2024 was C$ -0.78 Mil. Avanti Gold's Interest Expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Avanti Gold has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Avanti Gold Interest Expense Historical Data

The historical data trend for Avanti 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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Avanti Gold Interest Expense Chart

Avanti Gold Annual Data

Trend

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Interest Expense

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-0.02

Avanti Gold Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Avanti 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Avanti Gold (XCNQ:AGC) 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.

Avanti Gold's Interest Expense for the three months ended in Jan. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

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

Avanti Gold had no long-term debt ⁽¹⁾.

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

Good Sign:

Avanti Gold Corp has no debt.

Avanti Gold (XCNQ:AGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avanti Gold Corp (XCNQ:AGC) » Definitions » Interest Expense

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Traded in Other Exchanges

X370:Germany

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.avantigoldcorp.com

Avanti Gold Corp is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo, located in the Fizi territory of South Kivu province. The Misisi Gold Project has a contained Inferred Mineral Resource of 3 million ounces of gold. The Project is comprised of three contiguous 30-year mining leases, covering 133 square kilometers of prospective exploration ground along the 55-kilometer-long Kibara Gold Belt.

Executives

The K2 Principal Fund L.p.

10% Security Holder