Serra Energy Metals (XCNQ:SEEM) Interest Expense : C$0.00 Mil (TTM As of Jul. 2024)

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What is Serra Energy Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Serra Energy Metals's interest expense for the three months ended in Jul. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 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. Serra Energy Metals's Operating Income for the three months ended in Jul. 2024 was C$ -0.15 Mil. Serra Energy Metals's Interest Expense for the three months ended in Jul. 2024 was C$ 0.00 Mil. Serra Energy Metals 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.

Serra Energy Metals Interest Expense Historical Data

The historical data trend for Serra Energy Metals'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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Serra Energy Metals Interest Expense Chart

Serra Energy Metals Annual Data

Trend

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Interest Expense

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Serra Energy Metals Quarterly Data
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Serra Energy Metals 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Serra Energy Metals (XCNQ:SEEM) 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.

Serra Energy Metals's Interest Expense for the three months ended in Jul. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jul. 2024 was C$-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was C$0.00 Mil.

Serra Energy Metals's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Serra Energy Metals had no long-term debt ⁽¹⁾.

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

Good Sign:

Serra Energy Metals Corp has no debt.

Serra Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Serra Energy Metals Corp (XCNQ:SEEM) » Definitions » Interest Expense

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ESVNF:USA 4KL0:Germany

Address

1030 West Georgia Street, Suite 907, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.serrametals.com

Serra Energy Metals Corp is a resource exploration company that is acquiring and exploring mineral properties. The company's main interest lies in the exploration of nickel, copper, cobalt, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near the infrastructure. Some of its projects include Beaufort Property and Myrtleford Property located in Australia, and Santa Luz Property located in Brazil.