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Lancaster resources (XCNQ:LCR) Interest Expense : C$-0.07 Mil (TTM As of Sep. 2024)


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What is Lancaster resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lancaster resources's interest expense for the three months ended in Sep. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.07 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. Lancaster resources's Operating Income for the three months ended in Sep. 2024 was C$ -0.10 Mil. Lancaster resources's Interest Expense for the three months ended in Sep. 2024 was C$ -0.02 Mil. Lancaster 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.

Lancaster resources Interest Expense Historical Data

The historical data trend for Lancaster 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.

* Premium members only.

Lancaster resources Interest Expense Chart

Lancaster resources Annual Data
Trend Nov19 Nov20 Nov21 Nov22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial -0.13 -0.03 -0.28 - -0.11

Lancaster resources Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.07 -0.06 0.03 -0.02 -0.02

Lancaster 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.07 Mil.

* 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.

Lancaster resources  (XCNQ:LCR) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lancaster resources's Interest Expense for the three months ended in Sep. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.00 Mil.

Lancaster resources's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Lancaster resources did not have earnings to cover the interest expense.

* 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.

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

Lancaster resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lancaster resources Inc (XCNQ:LCR) » Definitions » Interest Expense
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Traded in Other Exchanges
LANRF:USA 6UF0:Germany
Address
2569 Marine Drive, Vancouver, BC, CAN, V7V 1L5
Website
https://www.lancaster-resources.com
Lancaster resources Inc is engaged in exploring energy transition metals, particularly lithium, to take advantage of the shifts toward decarbonization and electrification. Its goal is to identify, acquire, explore, and develop high-quality mineral-rich properties, integrating sustainable energy sources and technologies for climate-positive resource production. The company holds exclusive rights to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, USA.

Lancaster resources Headlines

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