Lithiumbank Resources (TSXV:LBNK) Interest Expense : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Lithiumbank Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithiumbank Resources'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. Lithiumbank Resources's Operating Income for the three months ended in Mar. 2024 was C$ -3.27 Mil. Lithiumbank Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Lithiumbank 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.

Lithiumbank Resources Interest Expense Historical Data

The historical data trend for Lithiumbank 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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Lithiumbank Resources Interest Expense Chart

Lithiumbank Resources Annual Data

Trend

Sep21

Sep22

Sep23

Interest Expense

-0.02

Lithiumbank Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-	-	-	-0.02	-0.01

Lithiumbank 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$-0.03 Mil.

Lithiumbank Resources (TSXV:LBNK) 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.

Lithiumbank Resources's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-3.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

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

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

Lithiumbank Resources (TSXV:LBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithiumbank Resources Corp (TSXV:LBNK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LBNKF:USA HT9:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.lithiumbank.ca

Lithiumbank Resources Corp is engaged in the exploration and development company focused on lithium-enriched brine projects in Western Canada.

Executives

John Gianni Kovacevic	Director
Christopher Stuart Murray	Director

Lithiumbank Resources (TSXV:LBNK) Headlines

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