Aurizon Mines, (FRA:AUE) Interest Coverage : 0 (At Loss) (As of Mar. 2013)

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What is Aurizon Mines, 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. Aurizon Mines,'s Operating Income for the three months ended in Mar. 2013 was €-1.2 Mil. Aurizon Mines,'s Interest Expense for the three months ended in Mar. 2013 was €-0.2 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 Aurizon Mines,'s Interest Coverage or its related term are showing as below:

FRA:AUE' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: 45.86
Current: 45.86

FRA:AUE's Interest Coverage is not ranked
in the Metals & Mining industry.
Industry Median: No Debt vs FRA:AUE: 45.86

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

Aurizon Mines, Interest Coverage Historical Data

The historical data trend for Aurizon Mines,'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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Aurizon Mines, Interest Coverage Chart

Aurizon Mines, Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Interest Coverage

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4.28

118.28

No Debt

93.15

63.67

Aurizon Mines, Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Interest Coverage	Get a 7-Day Free Trial															67.18	63.80	47.21	76.41	-

Competitive Comparison of Aurizon Mines,'s Interest Coverage

For the Gold subindustry, Aurizon Mines,'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.

Aurizon Mines,'s Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aurizon Mines,'s Interest Coverage falls into.

Aurizon Mines, 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.

Aurizon Mines,'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, Aurizon Mines,'s Interest Expense was €-0.7 Mil. Its Operating Income was €42.0 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2012 )	/	Interest Expense (A: Dec. 2012 )
	=	-1	*	41.957	/	-0.659
	=	63.67

Aurizon Mines,'s Interest Coverage for the quarter that ended in Mar. 2013 is calculated as

Here, for the three months ended in Mar. 2013, Aurizon Mines,'s Interest Expense was €-0.2 Mil. Its Operating Income was €-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Aurizon Mines, did not have earnings to cover the interest expense.

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

Aurizon Mines, (FRA:AUE) 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 .

Aurizon Mines, Interest Coverage Related Terms

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

Aurizon Mines, (FRA:AUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aurizon Mines, Ltd. (FRA:AUE) » Definitions » Interest Coverage

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Traded in Other Exchanges

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Address

Website

Aurizon Mines, Ltd., was incorporated on April 8, 1988 under the Company Act of British Columbia. On August 10, 1988, the name of the Company was changed to 'Aurizon Mines Ltd' in its English form and 'Mines Aurizon Ltee' in its French form. It is a gold producer with operations, development and exploration activities in Quebec, Canada. Mining properties consist of production stage properties and development stage properties. Production stage properties contain one or more producing zones, areas, or mines The Company has 8 properties in Quebec; these properties include Casa Berardi, its operating gold mine, the advanced stage gold development property of the Heva and Hosco West Extension areas, and a growing project pipeline. In addition to Casa Berardi, it also owns the Heva and Hosco West Extension areas, Duverny and the Kipawa Exploration Properties. The Company is subject to rules, policies and regulations issued by Canadian regulatory authorities.

Aurizon Mines, (FRA:AUE) Headlines

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