Black Dragon Gold (FRA:CDC) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Black Dragon Gold 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. Black Dragon Gold's Operating Income for the three months ended in Dec. 2023 was €-0.27 Mil. Black Dragon Gold's Interest Expense for the three months ended in Dec. 2023 was €0.00 Mil. Black Dragon Gold has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Black Dragon Gold 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 Black Dragon Gold's Interest Coverage or its related term are showing as below:

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

FRA:CDC's Interest Coverage is ranked better than
99.85% of 1343 companies
in the Metals & Mining industry
Industry Median: No Debt vs FRA:CDC: 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.

Black Dragon Gold Interest Coverage Historical Data

The historical data trend for Black Dragon Gold'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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Black Dragon Gold Interest Coverage Chart

Black Dragon Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Black Dragon Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Black Dragon Gold's Interest Coverage

For the Gold subindustry, Black Dragon Gold'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.

Black Dragon Gold's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Black Dragon Gold's Interest Coverage falls into.

Black Dragon Gold 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.

Black Dragon Gold's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Black Dragon Gold's Interest Expense was €0.00 Mil. Its Operating Income was €-1.10 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Black Dragon Gold had no debt ⁽¹⁾.

Black Dragon Gold's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Black Dragon Gold's Interest Expense was €0.00 Mil. Its Operating Income was €-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Black Dragon Gold had no debt ⁽¹⁾.

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

Black Dragon Gold (FRA:CDC) 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 .

Black Dragon Gold Interest Coverage Related Terms

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

Black Dragon Gold (FRA:CDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Dragon Gold Corp (FRA:CDC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BDGCF:USA BDG:Australia

Address

65 Rodney Road, Ground Floor, Regent House, Gloucestershire, Cheltenham, GBR, GL50 1HX

Website

https://www.blackdragongold.com

Black Dragon Gold Corp is a Canada-based junior mining company. It is engaged in the acquisition, exploration of exploration and evaluation of assets located in Spain. The firm through its subsidiary, Exploraciones Mineras del Cantabrico SL (EMC), holds an interest in the Salave Gold Property.