Horizon Minerals (Horizon Minerals) Interest Expense : $0.00 Mil (TTM As of Mar. 2017)

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What is Horizon Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Minerals's interest expense for the three months ended in Mar. 2017 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2017 was $0.00 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. Horizon Minerals's Operating Income for the three months ended in Mar. 2017 was $ -0.04 Mil. Horizon Minerals's Interest Expense for the three months ended in Mar. 2017 was $ 0.00 Mil. Horizon Minerals 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.

Horizon Minerals Interest Expense Historical Data

The historical data trend for Horizon 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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Horizon Minerals Interest Expense Chart

Horizon Minerals Annual Data

Trend

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Interest Expense

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Horizon Minerals Quarterly Data
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Horizon 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Horizon Minerals (OTCPK:HZNM) 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.

Horizon Minerals's Interest Expense for the three months ended in Mar. 2017 was $0.00 Mil. Its Operating Income for the three months ended in Mar. 2017 was $-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2017 was $0.00 Mil.

Horizon Minerals's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Horizon Minerals had no long-term debt ⁽¹⁾.

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

Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016