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Richland Resources International Group (Richland Resources International Group) Interest Coverage : No Debt (1) (As of Dec. 2005)


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What is Richland Resources International Group 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. Richland Resources International Group's Operating Income for the six months ended in Dec. 2005 was $0.00 Mil. Richland Resources International Group's Interest Expense for the six months ended in Dec. 2005 was $0.00 Mil. Richland Resources International Group has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Richland Resources International Group's Interest Coverage or its related term are showing as below:


RIGG's Interest Coverage is not ranked *
in the Conglomerates industry.
Industry Median: 5.12
* 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.


Richland Resources International Group Interest Coverage Historical Data

The historical data trend for Richland Resources International Group'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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Richland Resources International Group Interest Coverage Chart

Richland Resources International Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Richland Resources International Group Semi-Annual Data
Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Richland Resources International Group's Interest Coverage

For the Conglomerates subindustry, Richland Resources International Group'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.


Richland Resources International Group's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Richland Resources International Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Richland Resources International Group's Interest Coverage falls into.



Richland Resources International Group 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.

Richland Resources International Group's Interest Coverage for the fiscal year that ended in Dec. 2005 is calculated as

Here, for the fiscal year that ended in Dec. 2005, Richland Resources International Group's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Richland Resources International Group had no debt (1).

Richland Resources International Group's Interest Coverage for the quarter that ended in Dec. 2005 is calculated as

Here, for the six months ended in Dec. 2005, Richland Resources International Group's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Richland Resources International Group had no debt (1).

* 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.


Richland Resources International Group  (OTCPK:RIGG) 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 .


Richland Resources International Group Interest Coverage Related Terms

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Richland Resources International Group (Richland Resources International Group) Business Description

Traded in Other Exchanges
N/A
Address
3445 Lawrence Avenue, Oceanside, NY, USA, 11572
Richland Resources International Group Inc, formerly Nevtah Capital Management Corp is a development stage company.

Richland Resources International Group (Richland Resources International Group) Headlines

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