Snow Lake Resources (Snow Lake Resources) Interest Expense : $-0.00 Mil (TTM As of Dec. 2023)

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What is Snow Lake Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snow Lake Resources's interest expense for the six months ended in Dec. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-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. Snow Lake Resources's Operating Income for the six months ended in Dec. 2023 was $ -2.94 Mil. Snow Lake Resources's Interest Expense for the six months ended in Dec. 2023 was $ -0.00 Mil. Snow Lake 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.

Snow Lake Resources Interest Expense Historical Data

The historical data trend for Snow Lake 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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Snow Lake Resources Interest Expense Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.12

-0.13

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-0.12	-0.01	-	-	-

Snow Lake 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.00 Mil.

Snow Lake Resources (NAS:LITM) 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.

Snow Lake Resources's Interest Expense for the six months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-2.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.01 Mil.

Snow Lake Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Snow Lake Resources did not have earnings to cover the interest expense.

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

Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.