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

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What is Mayfair Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mayfair 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. Mayfair Gold's Operating Income for the three months ended in Mar. 2024 was C$ -4.48 Mil. Mayfair Gold's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Mayfair 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.

Mayfair Gold Interest Expense Historical Data

The historical data trend for Mayfair 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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Mayfair Gold Interest Expense Chart

Mayfair Gold Annual Data

Trend

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Interest Expense

Mayfair Gold Quarterly Data
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Mayfair 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.

Mayfair Gold (TSXV:MFG) 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.

Mayfair Gold's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-4.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

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

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

Good Sign:

Mayfair Gold Corp has no debt.

Mayfair Gold (TSXV:MFG) Business Description

Industry

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

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MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives