Canadian Gold (TSXV:CGC) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Canadian Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Gold'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$0.00 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. Canadian Gold's Operating Income for the three months ended in Mar. 2024 was C$ -1.21 Mil. Canadian Gold's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Canadian Gold 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.

Canadian Gold Interest Expense Historical Data

The historical data trend for Canadian Gold'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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Canadian Gold Interest Expense Chart

Canadian Gold Annual Data

Trend

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Interest Expense

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Canadian Gold Quarterly Data
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Canadian Gold 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$0.00 Mil.

Canadian Gold (TSXV:CGC) 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.

Canadian Gold's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

Canadian Gold had no long-term debt ⁽¹⁾.

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

Good Sign:

Canadian Gold Corp has no debt.

Canadian Gold (TSXV:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Gold Corp (TSXV:CGC) » Definitions » Interest Expense

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STRRF:USA 8S8:Germany

Address

401 Bay Street, Suite 2702, P.O.Box 86, Toronto, ON, CAN, M5H 2Y4

Website

https://www.canadiangoldcorp.com

Canadian Gold Corp is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past-producing Tartan Lake Gold Mine Project, located in Flin Flon, Manitoba. In addition, the Company owns exploration properties in Ontario and Quebec surrounding some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON), and the Hammond Reef Project (ON).

Executives

Jennifer L Boyle

Director, Senior Officer