Thor Explorations (TSXV:THX) Interest Expense : C$-17.0 Mil (TTM As of Mar. 2024)

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What is Thor Explorations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thor Explorations's interest expense for the three months ended in Mar. 2024 was C$ -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-17.0 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. Thor Explorations's Operating Income for the three months ended in Mar. 2024 was C$ 20.7 Mil. Thor Explorations's Interest Expense for the three months ended in Mar. 2024 was C$ -3.9 Mil. Thor Explorations's Interest Coverage for the quarter that ended in Mar. 2024 was 5.31. 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.

Thor Explorations Interest Expense Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Interest Expense Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.07

-0.08

-19.86

-17.59

Thor Explorations Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.61	-4.32	-4.47	-4.27	-3.91

Thor Explorations 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$-17.0 Mil.

Thor Explorations (TSXV:THX) 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.

Thor Explorations's Interest Expense for the three months ended in Mar. 2024 was C$-3.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$20.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$8.5 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	20.733	/	-3.908
	=	5.31

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

Thor Explorations (TSXV:THX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (TSXV:THX) » Definitions » Interest Expense

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Traded in Other Exchanges

THXPF:USA THX:UK T2X:Germany

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

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