Class 1 Nickel and Technologies (XCNQ:NICO) Interest Expense : C$-0.28 Mil (TTM As of Mar. 2024)

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What is Class 1 Nickel and Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Class 1 Nickel and Technologies's interest expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.28 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. Class 1 Nickel and Technologies's Operating Income for the three months ended in Mar. 2024 was C$ -0.73 Mil. Class 1 Nickel and Technologies's Interest Expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. Class 1 Nickel and Technologies 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.

Class 1 Nickel and Technologies Interest Expense Historical Data

The historical data trend for Class 1 Nickel and Technologies'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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Class 1 Nickel and Technologies Interest Expense Chart

Class 1 Nickel and Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.26

Class 1 Nickel and Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-0.07	-0.07	-0.07	-0.07	-0.08

Class 1 Nickel and Technologies 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$-0.28 Mil.

Class 1 Nickel and Technologies (XCNQ:NICO) 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.

Class 1 Nickel and Technologies's Interest Expense for the three months ended in Mar. 2024 was C$-0.08 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$2.34 Mil.

Class 1 Nickel and Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Class 1 Nickel and Technologies did not have earnings to cover the interest expense.

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

Class 1 Nickel and Technologies (XCNQ:NICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Class 1 Nickel and Technologies Ltd (XCNQ:NICO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NICLF:USA 77C:Germany

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.class1nickel.com

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with majority resource growth and near-term mining potential.

Executives

Omar Gonzalez Araujo

Senior Officer

Class 1 Nickel and Technologies (XCNQ:NICO) Headlines

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