Cannon Resources (ASX:CNR) Interest Expense : A$ Mil (TTM As of Dec. 2021)

View and export this data going back to 2021. Start your Free Trial

What is Cannon Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cannon Resources's interest expense for the six months ended in Dec. 2021 was A$ 0.00 Mil. Cannon Resources does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2021.

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. Cannon Resources's Operating Income for the six months ended in Dec. 2021 was A$ -3.52 Mil. Cannon Resources's Interest Expense for the six months ended in Dec. 2021 was A$ 0.00 Mil. Cannon 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.

Cannon Resources Interest Expense Historical Data

The historical data trend for Cannon 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.

* Premium members only.

Cannon Resources Interest Expense Chart

Cannon Resources Annual Data

Trend

Jun22

Interest Expense

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Interest Expense	-	-

Cannon Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Cannon Resources (ASX:CNR) 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.

Cannon Resources's Interest Expense for the six months ended in Dec. 2021 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2021 was A$-3.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2021 was A$0.00 Mil.

Cannon Resources's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

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

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

Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.