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Fabled Copper (Fabled Copper) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is Fabled Copper 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. Fabled Copper's Operating Income for the three months ended in Sep. 2023 was $-0.09 Mil. Fabled Copper's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Fabled Copper has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Fabled Copper Corp 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 Fabled Copper's Interest Coverage or its related term are showing as below:

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


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


Fabled Copper Interest Coverage Historical Data

The historical data trend for Fabled Copper'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.

Fabled Copper Interest Coverage Chart

Fabled Copper Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
- No Debt No Debt

Fabled Copper Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fabled Copper's Interest Coverage

For the Other Precious Metals & Mining subindustry, Fabled Copper'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.


Fabled Copper's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fabled Copper's Interest Coverage falls into.



Fabled Copper 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.

Fabled Copper'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, Fabled Copper's Interest Expense was $0.00 Mil. Its Operating Income was $-2.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fabled Copper had no debt (1).

Fabled Copper's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Fabled Copper's Interest Expense was $0.00 Mil. Its Operating Income was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fabled Copper had no debt (1).

* 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.

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


Fabled Copper  (OTCPK:FBCPF) 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 .


Fabled Copper Interest Coverage Related Terms

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


Fabled Copper (Fabled Copper) Business Description

Traded in Other Exchanges
Address
1500 West Georgia Street, Suite 480, Vancouver, BC, CAN, V6G 2Z6
Fabled Copper Corp is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop precious metals, focusing initially on the exploration and development of the Muskwa Project. It has one reportable segment, which is the exploration and evaluation of exploration and evaluation assets. All of the Company's equipment and exploration and evaluation assets are located in Canada.