Quebec Rare Earth Elements (XCNQ:QREE) Interest Expense : C$0.00 Mil (TTM As of Jan. 2024)

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What is Quebec Rare Earth Elements Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quebec Rare Earth Elements's interest expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$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. Quebec Rare Earth Elements's Operating Income for the three months ended in Jan. 2024 was C$ -0.08 Mil. Quebec Rare Earth Elements's Interest Expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Quebec Rare Earth Elements has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Quebec Rare Earth Elements Interest Expense Historical Data

The historical data trend for Quebec Rare Earth Elements'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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Quebec Rare Earth Elements Interest Expense Chart

Quebec Rare Earth Elements Annual Data

Trend

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Interest Expense

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Quebec Rare Earth Elements Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Quebec Rare Earth Elements 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Quebec Rare Earth Elements (XCNQ:QREE) 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.

Quebec Rare Earth Elements's Interest Expense for the three months ended in Jan. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

Quebec Rare Earth Elements's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Quebec Rare Earth Elements had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Quebec Rare Earth Elements Corp has enough cash to cover all of its debt. Its financial situation is stable.

Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » Interest Expense

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QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director