Lithium Ionic (TSXV:LTH) Interest Expense : C$-0.04 Mil (TTM As of Mar. 2024)

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What is Lithium Ionic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithium Ionic's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.04 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 Ionic's Operating Income for the three months ended in Mar. 2024 was C$ -6.87 Mil. Lithium Ionic's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Lithium Ionic 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.

Lithium Ionic Interest Expense Historical Data

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

Lithium Ionic Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.01

-0.04

Lithium Ionic Quarterly Data
	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	-0.01	-0.01

Lithium Ionic 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$-0.04 Mil.

Lithium Ionic (TSXV:LTH) 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 Ionic's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-6.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.20 Mil.

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

Lithium Ionic did not have earnings to cover the interest expense.

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

Lithium Ionic (TSXV:LTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Ionic Corp (TSXV:LTH) » Definitions » Interest Expense

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LTHCF:USA

Address

36 Lombard Street, 4th Floor, Toronto, ON, CAN, M5C 2X3

Website

https://www.lithiumionic.com

Lithium Ionic Corp is a Canadian junior exploration company focused on developing commercial-grade lithium. It owns a 100% ownership interest in the Itinga lithium project. It operates a single operating segment, which is mineral exploration and evaluation in Brazil.