Chilwa Minerals (ASX:CHW) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Chilwa Minerals 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. Chilwa Minerals's Operating Income for the six months ended in Dec. 2023 was A$-1.06 Mil. Chilwa Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Chilwa Minerals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Chilwa Minerals Ltd has no debt.

(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 Chilwa Minerals's Interest Coverage or its related term are showing as below:

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

ASX:CHW's Interest Coverage is ranked better than
99.85% of 1345 companies
in the Metals & Mining industry
Industry Median: No Debt vs ASX:CHW: 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.

Chilwa Minerals Interest Coverage Historical Data

The historical data trend for Chilwa Minerals'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.

* Premium members only.

Chilwa Minerals Interest Coverage Chart

Chilwa Minerals Annual Data

Trend

Jun23

Interest Coverage

No Debt

Chilwa Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Interest Coverage	No Debt	No Debt	No Debt

Competitive Comparison of Chilwa Minerals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Chilwa Minerals'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.

Chilwa Minerals's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chilwa Minerals's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chilwa Minerals's Interest Coverage falls into.

Chilwa Minerals 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.

Chilwa Minerals's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Chilwa Minerals's Interest Expense was A$0.00 Mil. Its Operating Income was A$-1.02 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Chilwa Minerals had no debt ⁽¹⁾.

Chilwa Minerals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Chilwa Minerals's Interest Expense was A$0.00 Mil. Its Operating Income was A$-1.06 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Chilwa Minerals had no debt ⁽¹⁾.

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

Chilwa Minerals (ASX:CHW) 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 .

Chilwa Minerals Interest Coverage Related Terms

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

Chilwa Minerals (ASX:CHW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chilwa Minerals Ltd (ASX:CHW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 St Georges Terrace, Level 9, Perth, WA, AUS, 6000

Website

https://www.chilwaminerals.com.au

Chilwa Minerals Ltd is formed for the purpose of exploring and developing a portfolio of high-quality market sustaining HMS assets with a primary focus on the Lake Chilwa precinct in Malawi, Africa. The principal activities of the Company consisted of due diligence exploration and development activities at the mineral exploration project at Chilwa Heavy Mineral Sands Project (Project) in Malawi which is the subject of a Share Sale Agreement between the Company, Mota-Engil Investments. The Project is located around the northern, western and southern shores of Lake Chilwa in southern Malawi.

Chilwa Minerals (ASX:CHW) Interest Coverage : No Debt (1) (As of Dec. 2023)