AJN Resources (XCNQ:AJN) Interest Expense : C$-0.06 Mil (TTM As of Jan. 2024)

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What is AJN Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AJN Resources's interest expense for the three months ended in Jan. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-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. AJN Resources's Operating Income for the three months ended in Jan. 2024 was C$ -1.58 Mil. AJN Resources's Interest Expense for the three months ended in Jan. 2024 was C$ -0.01 Mil. AJN 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.

AJN Resources Interest Expense Historical Data

The historical data trend for AJN 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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AJN Resources Interest Expense Chart

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-0.04

-0.13

-0.14

-0.11

AJN Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.03	-0.01	-0.01	-0.01

AJN 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.06 Mil.

AJN Resources (XCNQ:AJN) 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.

AJN Resources's Interest Expense for the three months ended in Jan. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-1.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

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

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

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

AJN Resources (XCNQ:AJN) Business Description

Industry

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

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Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

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