Eagle Royalties (XCNQ:ER) Interest Expense : C$ Mil (TTM As of Dec. 2023)

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What is Eagle Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eagle Royalties's interest expense for the six months ended in Dec. 2023 was C$ 0.00 Mil. Eagle Royalties does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Eagle Royalties's Operating Income for the six months ended in Dec. 2023 was C$ -0.67 Mil. Eagle Royalties's Interest Expense for the six months ended in Dec. 2023 was C$ 0.00 Mil. Eagle Royalties 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.

Eagle Royalties Interest Expense Historical Data

The historical data trend for Eagle Royalties'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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Eagle Royalties Interest Expense Chart

Eagle Royalties Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

Eagle Royalties Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-	-	-

Eagle Royalties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Eagle Royalties (XCNQ:ER) 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.

Eagle Royalties's Interest Expense for the six months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was C$-0.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was C$0.00 Mil.

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

Eagle Royalties had no long-term debt ⁽¹⁾.

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

Good Sign:

Eagle Royalties Ltd has no debt.

Eagle Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Royalties Ltd (XCNQ:ER) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ERYTF:USA

Address

44 – 12th Avenue South, Suite 200, Cranbrook, BC, CAN, V1C 2R7

Website

https://www.eagleroyalties.com

Eagle Royalties Ltd manages royalty assets. The firm holds royalty interests on over 40 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds, and industrial minerals.

Executives

Timothy Jay Termuende	Director, Senior Officer
Jesse Campbell	Director

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