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Silver Tiger Metals (Silver Tiger Metals) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Silver Tiger Metals 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. Silver Tiger Metals's Operating Income for the three months ended in Dec. 2023 was $-0.84 Mil. Silver Tiger Metals's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Silver Tiger Metals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Silver Tiger Metals Inc 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 Silver Tiger Metals's Interest Coverage or its related term are showing as below:

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


SLVTF's Interest Coverage is ranked better than
99.85% of 1342 companies
in the Metals & Mining industry
Industry Median: No Debt vs SLVTF: 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.


Silver Tiger Metals Interest Coverage Historical Data

The historical data trend for Silver Tiger Metals'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.

Silver Tiger Metals Interest Coverage Chart

Silver Tiger Metals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt N/A N/A No Debt No Debt

Silver Tiger Metals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Silver Tiger Metals's Interest Coverage

For the Other Precious Metals & Mining subindustry, Silver Tiger Metals'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.


Silver Tiger Metals's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Tiger Metals's Interest Coverage falls into.



Silver Tiger Metals 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.

Silver Tiger Metals's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Silver Tiger Metals's Interest Expense was $0.00 Mil. Its Operating Income was $-3.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Silver Tiger Metals had no debt (1).

Silver Tiger Metals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Silver Tiger Metals's Interest Expense was $0.00 Mil. Its Operating Income was $-0.84 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Silver Tiger Metals 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.


Silver Tiger Metals  (OTCPK:SLVTF) 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 .


Silver Tiger Metals Interest Coverage Related Terms

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


Silver Tiger Metals (Silver Tiger Metals) Business Description

Traded in Other Exchanges
Address
2446 Purcells Cove Road, Halifax, NS, CAN, B3P 2E6
Silver Tiger Metals Inc is a Canada-based mineral exploration company. The company is engaged in exploring silver, gold, and base metals. The company's project includes El Tigre Project which is located in Sonora, Mexico.