Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Adamant DRI Processing and Minerals Group Interest Coverage?

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 by its Interest Expense. Adamant DRI Processing and Minerals Group's Operating Income for the three months ended in Sep. 2023 was $-0.03 Mil. Adamant DRI Processing and Minerals Group's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Adamant DRI Processing and Minerals Group has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

The historical rank and industry rank for Adamant DRI Processing and Minerals Group's Interest Coverage or its related term are showing as below:

ADMG' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

ADMG's Interest Coverage is ranked better than
99.76% of 417 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs ADMG: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Adamant DRI Processing and Minerals Group Interest Coverage Historical Data

The historical data trend for Adamant DRI Processing and Minerals Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

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Adamant DRI Processing and Minerals Group Interest Coverage Chart

Adamant DRI Processing and Minerals Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Interest Coverage

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No Debt

Adamant DRI Processing and Minerals Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Adamant DRI Processing and Minerals Group's Interest Coverage

For the Shell Companies subindustry, Adamant DRI Processing and Minerals Group's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Adamant DRI Processing and Minerals Group's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adamant DRI Processing and Minerals Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Adamant DRI Processing and Minerals Group's Interest Coverage falls into.

Adamant DRI Processing and Minerals Group Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Adamant DRI Processing and Minerals Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Adamant DRI Processing and Minerals Group's Interest Expense was $0.00 Mil. Its Operating Income was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Adamant DRI Processing and Minerals Group had no debt ⁽¹⁾.

Adamant DRI Processing and Minerals Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Adamant DRI Processing and Minerals Group's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Adamant DRI Processing and Minerals Group had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Adamant DRI Processing and Minerals Group (OTCPK:ADMG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Adamant DRI Processing and Minerals Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Adamant DRI Processing and Minerals Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 East State Street, No.202, Eagle, ID, USA, 83616

Website

https://www.adamant-dri.com

Adamant DRI Processing and Minerals Group is a shell company.

Executives

Nicholas Aaron Parks	director, 10 percent owner, officer: President, Secretary/Treasurer	5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Changqing Han	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Jiazhen Liu	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Changkui Zhu	director, officer: Chief Executive Officer	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Omar Cunha	director, 10 percent owner, officer: Vice President	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Van Voorst Vader Peter	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Lawrence Burstein	director, 10 percent owner, officer: Secretary and Treasurer	C/O UNITY VENTURE CAPITAL ASSOCIATES LTD, 245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Sidney Levy	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Vincent J Mcgill	director	C/O EATON & VAN WINKLE LLP, 3 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10016
Nissen Holdings & Co Ltd.	10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Ronald C Schmeiser	director, officer: President	6015 HOWE STREET, PITTSBURGH PA 15204
Dachris Ltd.	10 percent owner	60 PORT PERRY ROAD, NORTH VERSAILLES PA 15137

Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Headlines

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Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Interest Coverage : No Debt (1) (As of Sep. 2023)