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Rugby Resources (Rugby Resources) Interest Coverage : 0 (At Loss) (As of Nov. 2023)


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What is Rugby Resources 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. Rugby Resources's Operating Income for the three months ended in Nov. 2023 was $-0.50 Mil. Rugby Resources's Interest Expense for the three months ended in Nov. 2023 was $-0.00 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 Rugby Resources's Interest Coverage or its related term are showing as below:


RBMNF's Interest Coverage is not ranked *
in the Metals & Mining industry.
Industry Median: No Debt
* Ranked among companies with meaningful Interest Coverage only.

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


Rugby Resources Interest Coverage Historical Data

The historical data trend for Rugby Resources'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.

Rugby Resources Interest Coverage Chart

Rugby Resources Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Interest Coverage
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Rugby Resources Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Rugby Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Rugby Resources'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.


Rugby Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rugby Resources's Interest Coverage falls into.



Rugby Resources 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.

Rugby Resources's Interest Coverage for the fiscal year that ended in Feb. 2023 is calculated as

Here, for the fiscal year that ended in Feb. 2023, Rugby Resources's Interest Expense was $-0.01 Mil. Its Operating Income was $-4.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rugby Resources did not have earnings to cover the interest expense.

Rugby Resources's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the three months ended in Nov. 2023, Rugby Resources's Interest Expense was $-0.00 Mil. Its Operating Income was $-0.50 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rugby Resources did not have earnings to cover the interest expense.

* 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.


Rugby Resources  (OTCPK:RBMNF) 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 .


Rugby Resources Interest Coverage Related Terms

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


Rugby Resources (Rugby Resources) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Rugby Resources Ltd is an exploration-stage company. The company with its subsidiaries is engaged in the acquisition, exploration, and development of mineral properties located in Australia, Colombia, and the Philippines. Its activities are all in the one industry segment of mineral property acquisition, exploration and development. Some of the projects of the company are Cobrasco, Colombia Gold and many more.

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