LFNT Resources (XCNQ:LFNT) Interest Expense : C$0.00 Mil (TTM As of Apr. 2024)

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What is LFNT Resources Interest Expense?

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

LFNT Resources Interest Expense Historical Data

The historical data trend for LFNT 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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LFNT Resources Interest Expense Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Interest Expense

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial			-	-	-	-	-

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

LFNT Resources (XCNQ:LFNT) 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.

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

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

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

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

Good Sign:

LFNT Resources Corp has no debt.

LFNT Resources Business Description

Industry

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

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Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.lfnt.ca

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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