Irving Resources (XCNQ:IRV) Interest Expense : C$-0.02 Mil (TTM As of Nov. 2023)

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What is Irving Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Irving Resources's interest expense for the three months ended in Nov. 2023 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.02 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. Irving Resources's Operating Income for the three months ended in Nov. 2023 was C$ -0.51 Mil. Irving Resources's Interest Expense for the three months ended in Nov. 2023 was C$ -0.00 Mil. Irving 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.

Irving Resources Interest Expense Historical Data

The historical data trend for Irving 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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Irving Resources Interest Expense Chart

Irving Resources Annual Data

Trend

Feb16

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Feb23

Interest Expense

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-0.01

-0.02

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.01	-0.01	-

Irving 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Irving Resources (XCNQ:IRV) 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.

Irving Resources's Interest Expense for the three months ended in Nov. 2023 was C$-0.00 Mil. Its Operating Income for the three months ended in Nov. 2023 was C$-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was C$0.09 Mil.

Irving Resources's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

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

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

Irving Resources (XCNQ:IRV) Business Description

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

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IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include Omu Project, Yamagano Project and Others.

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