Northern Lights Resources (XCNQ:NLR) Interest Expense : C$-0.08 Mil (TTM As of Oct. 2024)

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What is Northern Lights Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Lights Resources's interest expense for the three months ended in Oct. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was C$-0.08 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. Northern Lights Resources's Operating Income for the three months ended in Oct. 2024 was C$ -0.07 Mil. Northern Lights Resources's Interest Expense for the three months ended in Oct. 2024 was C$ 0.00 Mil. Northern Lights 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.

Northern Lights Resources Interest Expense Historical Data

The historical data trend for Northern Lights 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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Northern Lights Resources Interest Expense Chart

Northern Lights Resources Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Interest Expense

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-0.45

-0.63

-0.08

Northern Lights Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.08	-	-

Northern Lights 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.08 Mil.

Northern Lights Resources (XCNQ:NLR) 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.

Northern Lights Resources's Interest Expense for the three months ended in Oct. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Oct. 2024 was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was C$0.00 Mil.

Northern Lights Resources's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Northern Lights Resources had no long-term debt ⁽¹⁾.

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

Northern Lights Resources Business Description

Industry

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

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NLRCF:USA

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.northernlightsresources.com

Northern Lights Resources Corp is an exploration and development company. Its principal business activities include acquiring and exploring resource properties. The company owns the Secret Pass Gold Project in Arizona, United States.

Executives

Albert Richard Timcke	Director, Senior Officer
Jason Bahnsen	Director, Senior Officer
Kerem Akbas	10% Security Holder
Graham Keevil	Director