MSB
Mesabi Trust
Halal Rating :
Last Price
$28.59
Last updated:
Market Cap
$379.43m
7D Change
6.36%
1 Year Change
37.45%
Company Overview
Industries
Exchange
NYSE
Next Earnings Date
Mesabi Trust is a royalty trust that derives income from iron ore mining operations. The trust receives royalties from Northshore Mining Company (a subsidiary of Cleveland-Cliffs Inc.) based on the extraction and sale of iron ore from the Peters Lease at the Mesabi Iron Range located in Minnesota. The trust's income is directly tied to the volume of iron ore extracted and the market price of iron ore products.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Oct. 31, 2024 | $79.0m | $207870.0 | - | $-468445.0 | 0.00% | 225.35% |
| July 31, 2024 | $6.49m | $1.09m | - | - | 0.00% | 0.00% |
| April 30, 2024 | $6.25m | $2.77m | - | - | 0.00% | 0.00% |
Company Impact
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