Spey Resources (XCNQ:SPEY) Interest Expense : C$0.00 Mil (TTM As of May. 2024)

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What is Spey Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spey Resources's interest expense for the three months ended in May. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 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. Spey Resources's Operating Income for the three months ended in May. 2024 was C$ -0.24 Mil. Spey Resources's Interest Expense for the three months ended in May. 2024 was C$ 0.00 Mil. Spey Resources 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.

Spey Resources Interest Expense Historical Data

The historical data trend for Spey 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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Spey Resources Interest Expense Chart

Spey Resources Annual Data

Trend

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Interest Expense

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

Spey Resources (XCNQ:SPEY) 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.

Spey Resources's Interest Expense for the three months ended in May. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in May. 2024 was C$-0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was C$0.00 Mil.

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

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

Spey Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spey Resources Corp (XCNQ:SPEY) » Definitions » Interest Expense

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SPEYF:USA 2JS0:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.speyresources.ca

Spey Resources Corp is a mineral exploration company. The company is engaged in the principal business activities of the acquisition and exploration of mineral property assets. It has an interest in the Kaslo Silver property, and Candella II project.

Executives

Nader Vatanchi	Director, Senior Officer
Phillip Thomas	Senior Officer
Tracy Mabone	Senior Officer
Marshall Farris	10% Security Holder

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