Aclara Resources (TSX:ARA) Interest Expense : C$-0.09 Mil (TTM As of Mar. 2024)

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

What is Aclara Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aclara Resources's interest expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.09 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. Aclara Resources's Operating Income for the three months ended in Mar. 2024 was C$ -2.58 Mil. Aclara Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. Aclara 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.

Aclara Resources Interest Expense Historical Data

The historical data trend for Aclara 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.

Aclara Resources Interest Expense Chart

Aclara Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.01

-0.02

-0.08

Aclara Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.01	-0.01	-0.01	-0.05	-0.02

Aclara 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.09 Mil.

Aclara Resources (TSX:ARA) 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.

Aclara Resources's Interest Expense for the three months ended in Mar. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-2.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

Aclara Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Aclara Resources did not have earnings to cover the interest expense.

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

Aclara Resources (TSX:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aclara Resources Inc (TSX:ARA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ARAAF:USA JD1:Germany

Address

Cerro el Plomo 5630, Office 901 9th Floor, Region Metropolitana de Santiago, Las Condes, Santiago, CHL

Website

https://www.aclara-re.com/about-us

Aclara Resources Inc is a development-stage rare earth mineral resources company. It is engaged in the development of the Penco Module project in Chile.

Executives

Pelham Investment Corporation

10% Security Holder