Canadian North Resources (TSXV:CNRI) Interest Expense : C$-0.25 Mil (TTM As of Mar. 2024)

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What is Canadian North Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian North Resources's interest expense for the three months ended in Mar. 2024 was C$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.25 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 North Resources's Operating Income for the three months ended in Mar. 2024 was C$ -1.02 Mil. Canadian North Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -0.05 Mil. Canadian North 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.

Canadian North Resources Interest Expense Historical Data

The historical data trend for Canadian North 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.

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Canadian North Resources Interest Expense Chart

Canadian North Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.20

Canadian North 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									-	-0.08	-0.06	-0.06	-0.05

Canadian North 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$-0.25 Mil.

Canadian North Resources (TSXV:CNRI) 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 North Resources's Interest Expense for the three months ended in Mar. 2024 was C$-0.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-1.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.72 Mil.

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

Canadian North Resources did not have earnings to cover the interest expense.

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

Canadian North Resources (TSXV:CNRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian North Resources Inc (TSXV:CNRI) » Definitions » Interest Expense

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Traded in Other Exchanges

CNRSF:USA

Address

299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN

Website

https://www.cnresources.com

Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

Executives

Michael Weeks	Director
David Richard Brown	Director

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