Cumberland Resources Nickel (XCNQ:LAND) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Cumberland Resources Nickel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cumberland Resources Nickel's interest expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Cumberland Resources Nickel's Operating Income for the three months ended in Mar. 2024 was C$ -0.02 Mil. Cumberland Resources Nickel's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Cumberland Resources Nickel 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.

Cumberland Resources Nickel Interest Expense Historical Data

The historical data trend for Cumberland Resources Nickel'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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Cumberland Resources Nickel Interest Expense Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

Interest Expense

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Cumberland Resources Nickel 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$0.00 Mil.

Cumberland Resources Nickel (XCNQ:LAND) 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.

Cumberland Resources Nickel's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

Cumberland Resources Nickel's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Cumberland Resources Nickel had no long-term debt ⁽¹⁾.

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

Good Sign:

Cumberland Resources Nickel Corp has no debt.

Cumberland Resources Nickel (XCNQ:LAND) Business Description

Industry

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

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Traded in Other Exchanges

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Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.