Inter-Rock Minerals (Inter-Rock Minerals) Interest Expense : $-0.37 Mil (TTM As of Mar. 2024)

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What is Inter-Rock Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inter-Rock Minerals's interest expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.37 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. Inter-Rock Minerals's Operating Income for the three months ended in Mar. 2024 was $ 0.60 Mil. Inter-Rock Minerals's Interest Expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Inter-Rock Minerals's Interest Coverage for the quarter that ended in Mar. 2024 was 22.37. 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.

Inter-Rock Minerals Interest Expense Historical Data

The historical data trend for Inter-Rock 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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Inter-Rock Minerals Interest Expense Chart

Inter-Rock Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.54

-0.30

-0.28

-0.27

-0.36

Inter-Rock Minerals 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															-0.02	-0.01	-0.16	-0.17	-0.03

Inter-Rock 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 $-0.37 Mil.

Inter-Rock Minerals (OTCPK:IRCKF) 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.

Inter-Rock Minerals's Interest Expense for the three months ended in Mar. 2024 was $-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.08 Mil.

Inter-Rock Minerals'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	*	0.604	/	-0.027
	=	22.37

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

Inter-Rock Minerals (Inter-Rock Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inter-Rock Minerals Inc (OTCPK:IRCKF) » Definitions » Interest Expense

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Traded in Other Exchanges

IRO:Canada

Address

500-2 Toronto Street, Suite 500, 12th Floor, Toronto, ON, CAN, M5C 2B6

Website

http://www.interrockminerals.com

Inter-Rock Minerals Inc produces and markets dolomite for the animal feed, glass, roofing, and agricultural lime industries in the United States. It also markets and distributes specialty ingredients to the dairy feed industry. It operates through three business units: MIN-AD, Inc., and Papillon Agricultural Company. Its Papillon segment accounts for the majority of the firm's revenue, which is a marketer and distributor of toll-manufactured premium dairy feed nutritional supplements.

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