Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Interest Expense : $-0.01 Mil (TTM As of Dec. 2023)

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What is Labrador Iron Mines Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Labrador Iron Mines Holdings's interest expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.01 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. Labrador Iron Mines Holdings's Operating Income for the three months ended in Dec. 2023 was $ -0.10 Mil. Labrador Iron Mines Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Labrador Iron Mines Holdings 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.

Labrador Iron Mines Holdings Interest Expense Historical Data

The historical data trend for Labrador Iron Mines Holdings'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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Labrador Iron Mines Holdings Interest Expense Chart

Labrador Iron Mines Holdings Annual Data

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Interest Expense

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-0.01

Labrador Iron Mines Holdings Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-0.01	-	-	-

Labrador Iron Mines Holdings 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 $-0.01 Mil.

Labrador Iron Mines Holdings (OTCPK:LBRMF) 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.

Labrador Iron Mines Holdings's Interest Expense for the three months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.03 Mil.

Labrador Iron Mines Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Labrador Iron Mines Holdings did not have earnings to cover the interest expense.

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

Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Iron Mines Holdings Ltd (OTCPK:LBRMF) » Definitions » Interest Expense

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Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

http://www.labradorironmines.ca

Labrador Iron Mines Holdings Ltd is a mineral resource company. The company through its subsidiaries is engaged in the business of mining iron ore and the exploration and development of direct shipping iron ore. Its projects include James, Redmond, Knob Lake, Houston and Malcolm, Sawyer Lake, Astray Lake and Kivivic Number 1 and 2.