Solaris Resources (TSX:SLS) Interest Expense : C$-1.39 Mil (TTM As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Solaris Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solaris Resources's interest expense for the three months ended in Mar. 2024 was C$ -1.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.39 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. Solaris Resources's Operating Income for the three months ended in Mar. 2024 was C$ -16.70 Mil. Solaris Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -1.39 Mil. Solaris 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.

Solaris Resources Interest Expense Historical Data

The historical data trend for Solaris 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.

* Premium members only.

Solaris Resources Interest Expense Chart

Solaris Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

Solaris Resources 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	-	-	-	-1.39

Solaris 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$-1.39 Mil.

Solaris Resources (TSX:SLS) 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.

Solaris Resources's Interest Expense for the three months ended in Mar. 2024 was C$-1.39 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-16.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$41.16 Mil.

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

Solaris Resources did not have earnings to cover the interest expense.

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

Solaris Resources (TSX:SLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solaris Resources Inc (TSX:SLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SLSSF:USA

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.solarisresources.com

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.

Executives