Nordique Resources (XCNQ:NORD) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is Nordique Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordique Resources's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Nordique Resources's Operating Income for the three months ended in Dec. 2023 was C$ -0.12 Mil. Nordique Resources's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Nordique 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.

Nordique Resources Interest Expense Historical Data

The historical data trend for Nordique 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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Nordique Resources Interest Expense Chart

Nordique Resources Annual Data

Trend

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Interest Expense

Nordique Resources Quarterly Data
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Nordique 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Nordique Resources (XCNQ:NORD) 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.

Nordique Resources's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Nordique Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nordique Resources Inc has enough cash to cover all of its debt. Its financial situation is stable.

Nordique Resources (XCNQ:NORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordique Resources Inc (XCNQ:NORD) » Definitions » Interest Expense

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BRCGF:USA

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.brascanresources.com

Nordique Resources Inc Formerly Brascan Resources Inc is engaged in the identification, exploration and development of mineral resources, specifically focusing on lithium and gold exploration activities on its properties in Newfoundland and Brazil. It is a mineral exploration company mainly focused on gold, lithium and battery materials.

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