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Tahoe Resources (Tahoe Resources) Interest Coverage : N/A (As of Sep. 2018)


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What is Tahoe 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. Tahoe Resources's Operating Income for the three months ended in Sep. 2018 was $-12.6 Mil. Tahoe Resources's Interest Expense for the three months ended in Sep. 2018 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tahoe Resources's Interest Coverage or its related term are showing as below:


TAHO'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.


Tahoe Resources Interest Coverage Historical Data

The historical data trend for Tahoe 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.

Tahoe Resources Interest Coverage Chart

Tahoe Resources Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage
Get a 7-Day Free Trial - 21.86 87.60 69.54 38.90

Tahoe Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 3.57 - 0.87 - N/A

Competitive Comparison of Tahoe Resources's Interest Coverage

For the Gold subindustry, Tahoe 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.


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

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

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



Tahoe 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.

Tahoe Resources's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Tahoe Resources's Interest Expense was $-3.3 Mil. Its Operating Income was $127.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2017 )/Interest Expense (A: Dec. 2017 )
=-1*127.66/-3.282
=38.90

Tahoe Resources's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Here, for the three months ended in Sep. 2018, Tahoe Resources's Interest Expense was $0.0 Mil. Its Operating Income was $-12.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $100.0 Mil.

GuruFocus does not calculate Tahoe Resources's interest coverage with the available data.

* 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.


Tahoe Resources  (NYSE:TAHO) 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 .


Tahoe Resources Interest Coverage Related Terms

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


Tahoe Resources (Tahoe Resources) Business Description

Traded in Other Exchanges
N/A
Address
Tahoe Resources Inc is a Canadian mining company focused on the production of precious metals in the Americas. The majority of the company's revenue is derived from silver, with a contribution generated from gold production. Sales of lead and zinc, produced largely as by-products, make up the remainder of Tahoe's consolidated revenue. The company operates the Timmins West and Bell Creek gold mines domestically, the Escobal silver mine in Guatemala, and the La Arena and Shahuindo gold mines in Peru.