Volatus Capital (XCNQ:VC) Interest Expense : C$-0.02 Mil (TTM As of Jul. 2024)

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What is Volatus Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volatus Capital'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$-0.02 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. Volatus Capital's Operating Income for the three months ended in Jul. 2024 was C$ -0.04 Mil. Volatus Capital's Interest Expense for the three months ended in Jul. 2024 was C$ -0.00 Mil. Volatus Capital 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.

Volatus Capital Interest Expense Historical Data

The historical data trend for Volatus Capital'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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Volatus Capital Interest Expense Chart

Volatus Capital Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-0.03

-0.09

-0.01

Volatus Capital Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.01	-	-

Volatus Capital 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$-0.02 Mil.

Volatus Capital (XCNQ:VC) 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.

Volatus Capital's Interest Expense for the three months ended in Jul. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Jul. 2024 was C$-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was C$0.13 Mil.

Volatus Capital's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Volatus Capital did not have earnings to cover the interest expense.

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

Volatus Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volatus Capital Corp (XCNQ:VC) » Definitions » Interest Expense

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VOY0:Germany

Address

733 Seymour Street, Suite 2900, PO Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6

Website

https://volatuscapitalcorp.com

Volatus Capital Corp is engaged in the business of acquiring and exploring mineral resource properties in Canada. The company holds an interest in the Sunset Copper Star Project and the Split Dome Copper Project. The Company has two operating segments: the exploration and evaluation assets in Canada and its investment in Leigh Creek Magnesite Proprietary Limited.

Executives

Emma Fairhurst	10% Security Holder
Christopher Andrew Reynolds	Director, Senior Officer
Crest Resources Inc.	10% Security Holder
Damien Edward Reynolds	10% Security Holder
Martin Alexander Wurm	10% Security Holder