Amaroq Minerals (TSXV:AMRQ) Interest Expense : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Amaroq Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amaroq Minerals's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.03 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. Amaroq Minerals's Operating Income for the three months ended in Mar. 2024 was C$ -4.83 Mil. Amaroq Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Amaroq Minerals 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.

Amaroq Minerals Interest Expense Historical Data

The historical data trend for Amaroq 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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Amaroq Minerals Interest Expense Chart

Amaroq Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.04

-0.03

Amaroq 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															-0.01	-0.01	-0.75	0.73	-0.01

Amaroq 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$-0.03 Mil.

Amaroq Minerals (TSXV:AMRQ) 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.

Amaroq Minerals's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-4.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.68 Mil.

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

Amaroq Minerals did not have earnings to cover the interest expense.

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

Amaroq Minerals (TSXV:AMRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amaroq Minerals Ltd (TSXV:AMRQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AMRQ:Iceland AMRQ:UK 72Q:Germany

Address

3400 One First Canadian Place, PO Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.amaroqminerals.com

Amaroq Minerals Ltd Is an exploration company with a focus on locating high-grade gold deposits in Greenland. The company owns seven licenses in South Greenland covering an area of 4,090 km, which are highly prospective for gold and other strategic minerals.

Executives

Eldur Olafsson

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Amaroq Minerals (TSXV:AMRQ) Headlines

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