Li-FT Power (TSXV:LIFT) Interest Expense : C$-0.01 Mil (TTM As of Feb. 2024)

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What is Li-FT Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Li-FT Power's interest expense for the three months ended in Feb. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-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. Li-FT Power's Operating Income for the three months ended in Feb. 2024 was C$ -3.89 Mil. Li-FT Power's Interest Expense for the three months ended in Feb. 2024 was C$ -0.01 Mil. Li-FT Power 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.

Li-FT Power Interest Expense Historical Data

The historical data trend for Li-FT Power'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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Li-FT Power Interest Expense Chart

Li-FT Power Annual Data

Trend

Nov21

Nov22

Interest Expense

Li-FT Power Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial						-	-	-0.01	-	-0.01

Li-FT Power 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Li-FT Power (TSXV:LIFT) 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.

Li-FT Power's Interest Expense for the three months ended in Feb. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-3.89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.11 Mil.

Li-FT Power's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Li-FT Power did not have earnings to cover the interest expense.

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

Li-FT Power (TSXV:LIFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Li-FT Power Ltd (TSXV:LIFT) » Definitions » Interest Expense

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Traded in Other Exchanges

LIFFF:USA WS0:Germany

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.li-ft.com

Li-FT Power Ltd is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties. The company is exploring lithium. Its project portfolio includes Rupert Project, Pontax Project, Moyenne Project, and Lithium Yellowknife Project.

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