Earthwise Minerals (XCNQ:WISE) Interest Expense : C$-0.02 Mil (TTM As of Dec. 2023)

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What is Earthwise Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Earthwise Minerals's interest expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Earthwise Minerals's Operating Income for the three months ended in Dec. 2023 was C$ 0.10 Mil. Earthwise Minerals's Interest Expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. Earthwise Minerals's Interest Coverage for the quarter that ended in Dec. 2023 was 7.54. 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.

Earthwise Minerals Interest Expense Historical Data

The historical data trend for Earthwise Minerals'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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Earthwise Minerals Interest Expense Chart

Earthwise Minerals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.56

Earthwise Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-0.57	0.02	-0.01	-0.02	-0.01

Earthwise Minerals 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$-0.02 Mil.

Earthwise Minerals (XCNQ:WISE) 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.

Earthwise Minerals's Interest Expense for the three months ended in Dec. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.098	/	-0.013
	=	7.54

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

Earthwise Minerals (XCNQ:WISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Earthwise Minerals Corp (XCNQ:WISE) » Definitions » Interest Expense

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Traded in Other Exchanges

966:Germany

Address

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

Website

https://www.hawkmoonresources.com

Earthwise Minerals Corp is focused on junior-stage project acquisitions across Canada. One of the company projects is located in gold-endowed areas, the Abitibi Greenstone Belt. The Wilson Gold Project can be accessed by government-maintained roads located east of the town of Lebel-sur-Quevillon, Quebec.