Mosaic Minerals (XCNQ:MOC) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Mosaic Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mosaic Minerals'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. Mosaic Minerals's Operating Income for the three months ended in Mar. 2024 was C$ -0.13 Mil. Mosaic Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Mosaic Minerals 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.

Mosaic Minerals Interest Expense Historical Data

The historical data trend for Mosaic Minerals'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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Mosaic Minerals Interest Expense Chart

Mosaic Minerals Annual Data

Trend

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Interest Expense

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Mosaic Minerals Quarterly Data
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Mosaic Minerals 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.

Mosaic Minerals (XCNQ:MOC) 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.

Mosaic Minerals's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

Mosaic Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Mosaic Minerals Corp has no debt.

Mosaic Minerals (XCNQ:MOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mosaic Minerals Corp (XCNQ:MOC) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

410 St-Nicolas, Suite 236, Montreal, QC, CAN, H2Y2P5

Website

https://www.mosaicminerals.ca

Mosaic Minerals Corp specializes in the exploration of gold and lithium mining sites located in the province of Quebec, Canada. It has focused on the research, exploration, and development of base metal projects focusing on copper and nickel. The company's project portfolio includes Lithium projects, Gaboury, Lichen, and 113 North.

Executives

Maurice Giroux

10% Security Holder, Director, Senior Officer