Atlas Consolidated Mining & Development (PHS:AT) Interest Coverage : 4.85 (As of Dec. 2023)

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What is Atlas Consolidated Mining & Development 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. Atlas Consolidated Mining & Development's Operating Income for the three months ended in Dec. 2023 was ₱556 Mil. Atlas Consolidated Mining & Development's Interest Expense for the three months ended in Dec. 2023 was ₱-115 Mil. Atlas Consolidated Mining & Development's interest coverage for the quarter that ended in Dec. 2023 was 4.85. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Atlas Consolidated Mining & Development's Interest Coverage or its related term are showing as below:

PHS:AT' s Interest Coverage Range Over the Past 10 Years
Min: 0.02 Med: 1.23 Max: 4.62
Current: 3.46

PHS:AT's Interest Coverage is ranked worse than
90.37% of 1339 companies
in the Metals & Mining industry
Industry Median: No Debt vs PHS:AT: 3.46

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

Atlas Consolidated Mining & Development Interest Coverage Historical Data

The historical data trend for Atlas Consolidated Mining & Development'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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Atlas Consolidated Mining & Development Interest Coverage Chart

Atlas Consolidated Mining & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.23

2.51

4.62

0.30

3.46

Atlas Consolidated Mining & Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	3.18	4.96	1.30	4.85

Competitive Comparison of Atlas Consolidated Mining & Development's Interest Coverage

For the Copper subindustry, Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Atlas Consolidated Mining & Development's Interest Coverage falls into.

Atlas Consolidated Mining & Development 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.

Atlas Consolidated Mining & Development'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, Atlas Consolidated Mining & Development's Interest Expense was ₱-610 Mil. Its Operating Income was ₱2,113 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱13,940 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2112.647	/	-609.851
	=	3.46

Atlas Consolidated Mining & Development's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Atlas Consolidated Mining & Development's Interest Expense was ₱-115 Mil. Its Operating Income was ₱556 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱13,940 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	556.467	/	-114.644
	=	4.85

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

Atlas Consolidated Mining & Development (PHS:AT) 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 .

Atlas Consolidated Mining & Development Interest Coverage Related Terms

Thank you for viewing the detailed overview of Atlas Consolidated Mining & Development's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlas Consolidated Mining & Development (PHS:AT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Consolidated Mining & Development Corp (PHS:AT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palm Coast Avenue Corner Pacific Drive, 5th Floor, Five E-Com Center, Mall of Asia Complex, Metro Manila, Pasay, RIZ, PHL, 1300

Website

https://www.atlasmining.com.ph

Atlas Consolidated Mining & Development Corp is engaged in metallic mineral mining and exploration and produces copper concentrate, magnetite iron ore concentrate, and others. The company operates in two segments Mining and Non-Mining. Its mining segment is engaged in exploration and mining operations and the non-mining segment is engaged in services, bulk water supply or acts as holding company. The company generates a majority of its revenue from the Mining Segment. It is also engaged in the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.