49 North Resources (FRA:O49) Interest Expense : €-0.08 Mil (TTM As of Dec. 2023)

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What is 49 North Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 49 North Resources's interest expense for the three months ended in Dec. 2023 was € -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.08 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. 49 North Resources's Operating Income for the three months ended in Dec. 2023 was € -0.44 Mil. 49 North Resources's Interest Expense for the three months ended in Dec. 2023 was € -0.03 Mil. 49 North Resources 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.

49 North Resources Interest Expense Historical Data

The historical data trend for 49 North 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.

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49 North Resources Interest Expense Chart

49 North Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.50

-0.32

-0.13

-0.08

-0.07

49 North Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.02	-0.02	-0.02	-0.03

49 North Resources 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 €-0.08 Mil.

49 North Resources (FRA:O49) 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.

49 North Resources's Interest Expense for the three months ended in Dec. 2023 was €-0.03 Mil. Its Operating Income for the three months ended in Dec. 2023 was €-0.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €0.00 Mil.

49 North Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

49 North Resources did not have earnings to cover the interest expense.

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

49 North Resources (FRA:O49) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 49 North Resources Inc (FRA:O49) » Definitions » Interest Expense

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FNINF:USA FNR:Canada

Address

224 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.fnr.ca

49 North Resources Inc is a resource investment, financial, and managerial advisory company. Principally, it is engaged in the business of investing in a diversified portfolio of common shares and other securities of resource issuers. The company invests in assets mainly involved in the mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio.

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