Prudent Minerals (XCNQ:PRUD) Interest Expense : C$0.00 Mil (TTM As of Feb. 2024)

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What is Prudent Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prudent Minerals's interest expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 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. Prudent Minerals's Operating Income for the three months ended in Feb. 2024 was C$ 0.05 Mil. Prudent Minerals's Interest Expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Prudent Minerals 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.

Prudent Minerals Interest Expense Historical Data

The historical data trend for Prudent 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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Prudent Minerals Interest Expense Chart

Prudent Minerals Annual Data

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Interest Expense

Prudent Minerals Quarterly Data
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Prudent 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Prudent Minerals (XCNQ:PRUD) 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.

Prudent Minerals's Interest Expense for the three months ended in Feb. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

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

Prudent Minerals 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. Prudent Minerals Corp has enough cash to cover all of its debt. Its financial situation is stable.

Prudent Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prudent Minerals Corp (XCNQ:PRUD) » Definitions » Interest Expense

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Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.prudentminerals.com

Prudent Minerals Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Its objective is to conduct an exploration program on the SAT Property located in west central British Columbia.

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