Discovery Lithium (STU:Q3Q0) Interest Coverage : No Debt ⁽¹⁾ (As of Jan. 2024)

Discovery Lithium Interest Coverage Chart

Competitive Comparison of Discovery Lithium's Interest Coverage

For the Gold subindustry, Discovery Lithium'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.

Discovery Lithium's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Discovery Lithium's Interest Coverage falls into.

Discovery Lithium 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Discovery Lithium's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, Discovery Lithium's Interest Expense was €-0.00 Mil. Its Operating Income was €-2.30 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

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

Here, for the three months ended in Jan. 2024, Discovery Lithium's Interest Expense was €0.00 Mil. Its Operating Income was €-0.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

* 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.

Discovery Lithium  (STU:Q3Q0) 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 .

Discovery Lithium Interest Coverage Related Terms

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Discovery Lithium (STU:Q3Q0) Business Description