Tocvan Ventures (XCNQ:TOC) Interest Expense : C$-0.03 Mil (TTM As of Feb. 2024)

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What is Tocvan Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tocvan Ventures's interest expense for the three months ended in Feb. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 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. Tocvan Ventures's Operating Income for the three months ended in Feb. 2024 was C$ -0.26 Mil. Tocvan Ventures's Interest Expense for the three months ended in Feb. 2024 was C$ -0.01 Mil. Tocvan Ventures 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.

Tocvan Ventures Interest Expense Historical Data

The historical data trend for Tocvan Ventures'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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Tocvan Ventures Interest Expense Chart

Tocvan Ventures Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-0.01

-0.03

Tocvan Ventures Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Tocvan Ventures 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Tocvan Ventures (XCNQ:TOC) 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.

Tocvan Ventures's Interest Expense for the three months ended in Feb. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

Tocvan Ventures's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Tocvan Ventures did not have earnings to cover the interest expense.

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

Tocvan Ventures (XCNQ:TOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tocvan Ventures Corp (XCNQ:TOC) » Definitions » Interest Expense

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TCVNF:USA TV3:Germany

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.tocvan.com

Tocvan Ventures Corp is engaged in the evaluation, acquisition, and exploration of mineral resource properties. The firm's projects includes, El Picacho and Pilar Gold Project.

Executives

Brodie Alan Sutherland

Director

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