Forge Resources (XCNQ:FRG) Interest Expense : C$0.00 Mil (TTM As of May. 2024)

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What is Forge Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forge Resources's interest expense for the three months ended in May. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 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. Forge Resources's Operating Income for the three months ended in May. 2024 was C$ -1.18 Mil. Forge Resources's Interest Expense for the three months ended in May. 2024 was C$ 0.00 Mil. Forge Resources 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.

Forge Resources Interest Expense Historical Data

The historical data trend for Forge 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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Forge Resources Interest Expense Chart

Forge Resources Annual Data

Trend

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Interest Expense

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Forge Resources Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

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

Forge Resources (XCNQ:FRG) 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.

Forge Resources's Interest Expense for the three months ended in May. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in May. 2024 was C$-1.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was C$0.00 Mil.

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

Forge Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Forge Resources Corp has no debt.

Forge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forge Resources Corp (XCNQ:FRG) » Definitions » Interest Expense

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FRGGF:USA 5YZ:Germany

Address

1050 - 12471 Horseshoe Way, Richmond, BC, CAN, V7A 4X6

Website

https://www.forgeresourcescorp.com

Forge Resources Corp is a junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located fifty km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.