Metallic Minerals (Metallic Minerals) Interest Coverage : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Metallic 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. Metallic Minerals's Operating Income for the three months ended in Jan. 2024 was $-1.03 Mil. Metallic Minerals's Interest Expense for the three months ended in Jan. 2024 was $0.00 Mil. Metallic Minerals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

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

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

MMNGF's Interest Coverage is ranked better than
99.63% of 1344 companies
in the Metals & Mining industry
Industry Median: No Debt vs MMNGF: 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.

Metallic Minerals Interest Coverage Historical Data

The historical data trend for Metallic 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.

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Metallic Minerals Interest Coverage Chart

Metallic Minerals Annual Data

Trend

Jul13

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Interest Coverage

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No Debt

Metallic Minerals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Metallic Minerals's Interest Coverage

For the Other Precious Metals & Mining subindustry, Metallic 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.

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

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

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

Metallic 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.

Metallic Minerals's Interest Coverage for the fiscal year that ended in Jul. 2022 is calculated as

Here, for the fiscal year that ended in Jul. 2022, Metallic Minerals's Interest Expense was $0.00 Mil. Its Operating Income was $-5.57 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Metallic Minerals had no debt ⁽¹⁾.

Metallic Minerals's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Metallic Minerals's Interest Expense was $0.00 Mil. Its Operating Income was $-1.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Metallic Minerals had no debt ⁽¹⁾.

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

Metallic Minerals (OTCPK:MMNGF) 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 .

Metallic Minerals Interest Coverage Related Terms

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

Metallic Minerals (Metallic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metallic Minerals Corp (OTCPK:MMNGF) » Definitions » Interest Coverage

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Traded in Other Exchanges

9MM1:Germany MMG:Canada

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.metallic-minerals.com

Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.