Gold One International Limited (ASX:GDO) Interest Coverage : 0 (At Loss) (As of Jun. 2013)

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What is Gold One International Limited 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. Gold One International Limited's Operating Income for the six months ended in Jun. 2013 was A$-32.0 Mil. Gold One International Limited's Interest Expense for the six months ended in Jun. 2013 was A$-11.0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gold One International Limited's Interest Coverage or its related term are showing as below:

ASX:GDO' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.26
Current: 0.26

ASX:GDO's Interest Coverage is not ranked
in the Metals & Mining industry.
Industry Median: No Debt vs ASX:GDO: 0.26

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

Gold One International Limited Interest Coverage Historical Data

The historical data trend for Gold One International Limited'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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Gold One International Limited Interest Coverage Chart

Gold One International Limited Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Interest Coverage

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3.98

19.08

4.02

Gold One International Limited Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Interest Coverage	Get a 7-Day Free Trial															10.55	37.43	3.62	4.28	-

Competitive Comparison of Gold One International Limited's Interest Coverage

For the Gold subindustry, Gold One International Limited'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.

Gold One International Limited's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold One International Limited's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gold One International Limited's Interest Coverage falls into.

Gold One International Limited 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.

Gold One International Limited's Interest Coverage for the fiscal year that ended in Dec. 2012 is calculated as

Here, for the fiscal year that ended in Dec. 2012, Gold One International Limited's Interest Expense was A$-14.3 Mil. Its Operating Income was A$57.6 Mil. And its Long-Term Debt & Capital Lease Obligation was A$158.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2012 )	/	Interest Expense (A: Dec. 2012 )
	=	-1	*	57.588	/	-14.318
	=	4.02

Gold One International Limited's Interest Coverage for the quarter that ended in Jun. 2013 is calculated as

Here, for the six months ended in Jun. 2013, Gold One International Limited's Interest Expense was A$-11.0 Mil. Its Operating Income was A$-32.0 Mil. And its Long-Term Debt & Capital Lease Obligation was A$157.1 Mil.

Gold One International Limited did not have earnings to cover the interest expense.

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

Gold One International Limited (ASX:GDO) 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 .

Gold One International Limited Interest Coverage Related Terms

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