Premium Nickel Resources (TSXV:PNRL) Interest Expense : C$-2.97 Mil (TTM As of Mar. 2024)

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What is Premium Nickel Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Premium Nickel Resources's interest expense for the three months ended in Mar. 2024 was C$ -0.87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-2.97 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. Premium Nickel Resources's Operating Income for the three months ended in Mar. 2024 was C$ -2.69 Mil. Premium Nickel Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -0.87 Mil. Premium Nickel 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.

Premium Nickel Resources Interest Expense Historical Data

The historical data trend for Premium Nickel 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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Premium Nickel Resources Interest Expense Chart

Premium Nickel Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.51

-2.36

Premium Nickel Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.25	-0.53	-0.90	-0.67	-0.87

Premium Nickel 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$-2.97 Mil.

Premium Nickel Resources (TSXV:PNRL) 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.

Premium Nickel Resources's Interest Expense for the three months ended in Mar. 2024 was C$-0.87 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-2.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$18.51 Mil.

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

Premium Nickel Resources did not have earnings to cover the interest expense.

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

Premium Nickel Resources (TSXV:PNRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Nickel Resources Ltd (TSXV:PNRL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PNRLF:USA O8S:Germany

Address

100 King Street West, One First Canadian Place, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumnickelresources.ca

Premium Nickel Resources Ltd is a Canadian company dedicated to the exploration and development of high-quality nickel copper + cobalt resources. The company focuses its efforts on discovering nickel sulphide assets in Botswana, Greenland, and Canada. It has one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada.

Executives

Richard William Keith Morrison

Director, Senior Officer

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