Lithium Americas (TSX:LAC) Interest Expense : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Lithium Americas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithium Americas's interest expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.03 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. Lithium Americas's Operating Income for the three months ended in Mar. 2024 was C$ -7.51 Mil. Lithium Americas's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. GuruFocus does not calculate Lithium Americas's interest coverage with the available data. 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.

Lithium Americas Interest Expense Historical Data

The historical data trend for Lithium Americas'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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Lithium Americas Interest Expense Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.07

-3.02

-4.88

-0.40

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-0.51	-	-0.10	0.07	-

Lithium Americas 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$-0.03 Mil.

Lithium Americas (TSX:LAC) 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.

Lithium Americas's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-7.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$4.03 Mil.

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

GuruFocus does not calculate Lithium Americas's interest coverage with the available data.

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

Lithium Americas (TSX:LAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (TSX:LAC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LAC:USA WUC:Germany WUC:Germany

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.