StrategX Elements (XCNQ:STGX) Interest Expense : C$-0.27 Mil (TTM As of Mar. 2024)

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What is StrategX Elements Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. StrategX Elements's interest expense for the three months ended in Mar. 2024 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.27 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. StrategX Elements's Operating Income for the three months ended in Mar. 2024 was C$ -0.09 Mil. StrategX Elements's Interest Expense for the three months ended in Mar. 2024 was C$ -0.04 Mil. StrategX Elements 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.

StrategX Elements Interest Expense Historical Data

The historical data trend for StrategX Elements'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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StrategX Elements Interest Expense Chart

StrategX Elements Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.01

-0.24

StrategX Elements Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.02	-0.01	-0.01	-0.21	-0.04

StrategX Elements 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$-0.27 Mil.

StrategX Elements (XCNQ:STGX) 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.

StrategX Elements's Interest Expense for the three months ended in Mar. 2024 was C$-0.04 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.02 Mil.

StrategX Elements's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

StrategX Elements did not have earnings to cover the interest expense.

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

StrategX Elements (XCNQ:STGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » StrategX Elements Corp (XCNQ:STGX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Water Street, Suite 514, Vancouver, BC, CAN, V6B 1A1

Website

https://www.strategxcorp.com

StrategX Elements Corp X is engaged in the acquisition, exploration, and development of mineral resource properties. The company owns properties in the Northwest Territories and Nunavut, Canada. Its principal property is the 939 Property located in the Northwest Territories.

Executives

Darren Greg Bahrey

Senior Officer

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