ORRCF (Oroco Resource) Interest Expense : $0.00 Mil (TTM As of Aug. 2024)

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What is Oroco Resource Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oroco Resource's interest expense for the three months ended in Aug. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $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. Oroco Resource's Operating Income for the three months ended in Aug. 2024 was $ -1.01 Mil. Oroco Resource's Interest Expense for the three months ended in Aug. 2024 was $ 0.00 Mil. Oroco Resource 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.

Oroco Resource Interest Expense Historical Data

The historical data trend for Oroco Resource'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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Oroco Resource Interest Expense Chart

Oroco Resource Annual Data

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Interest Expense

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Oroco Resource Quarterly Data
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Oroco Resource 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Oroco Resource (OTCPK:ORRCF) 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.

Oroco Resource's Interest Expense for the three months ended in Aug. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Aug. 2024 was $-1.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $0.00 Mil.

Oroco Resource's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Oroco Resource had no long-term debt ⁽¹⁾.

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

Good Sign:

Oroco Resource Corp has no debt.

Oroco Resource Business Description

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OR6:Germany OCO:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.orocoresourcecorp.com

Oroco Resource Corp is an exploration-stage mineral company engaged in the acquisition, exploration, and development of mineral properties in Mexico with a primary focus on its Xochipala property in Guerrero State, Mexico. Its exploration and evaluation assets consist of the Santo Tomas properties in Sinaloa State and Xochipala & Salvador properties in Guerrero State, Mexico.