Cape Lithium (XCNQ:CLI) Interest Expense : C$-0.12 Mil (TTM As of Oct. 2024)

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What is Cape Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cape Lithium's interest expense for the three months ended in Oct. 2024 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 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. Cape Lithium's Operating Income for the three months ended in Oct. 2024 was C$ -0.26 Mil. Cape Lithium's Interest Expense for the three months ended in Oct. 2024 was C$ -0.04 Mil. Cape 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.

Cape Lithium Interest Expense Historical Data

The historical data trend for Cape 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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Cape Lithium Interest Expense Chart

Cape Lithium Annual Data

Trend

Apr22

Apr23

Apr24

Interest Expense

-0.08

Cape Lithium Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial							-	-0.05	-0.03	-0.01	-0.04

Cape 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.12 Mil.

Cape Lithium (XCNQ:CLI) 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.

Cape Lithium's Interest Expense for the three months ended in Oct. 2024 was C$-0.04 Mil. Its Operating Income for the three months ended in Oct. 2024 was C$-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was C$0.00 Mil.

Cape Lithium's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

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

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

Cape Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cape Lithium Corp (XCNQ:CLI) » Definitions » Interest Expense

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Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://moonboundmining.com

Cape Lithium Corp formerly Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The company's principal business activities include the acquisition and exploration of mineral property assets.

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