Cerro Grande Mining (XCNQ:CEG) Interest Expense : C$-0.12 Mil (TTM As of Mar. 2024)

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What is Cerro Grande Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cerro Grande Mining's interest expense for the three months ended in Mar. 2024 was C$ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.12 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. Cerro Grande Mining's Operating Income for the three months ended in Mar. 2024 was C$ -0.07 Mil. Cerro Grande Mining's Interest Expense for the three months ended in Mar. 2024 was C$ -0.03 Mil. Cerro Grande Mining 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.

Cerro Grande Mining Interest Expense Historical Data

The historical data trend for Cerro Grande Mining'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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Cerro Grande Mining Interest Expense Chart

Cerro Grande Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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0.22

-0.08

-0.11

-0.12

Cerro Grande Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.03	-0.03	-0.03	-0.03

Cerro Grande Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.12 Mil.

Cerro Grande Mining (XCNQ:CEG) 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.

Cerro Grande Mining's Interest Expense for the three months ended in Mar. 2024 was C$-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$5.04 Mil.

Cerro Grande Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Cerro Grande Mining did not have earnings to cover the interest expense.

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

Cerro Grande Mining (XCNQ:CEG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerro Grande Mining Corp (XCNQ:CEG) » Definitions » Interest Expense

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CEGMF:USA

Address

1 King Street West, Suite 4009, Toronto, ON, CAN, M5H 1A1

Website

http://www.cegmining.com

Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.