Mawson West (TSX:MWE) Interest Coverage : 0 (At Loss) (As of Sep. 2016)

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What is Mawson West 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. Mawson West's Operating Income for the three months ended in Sep. 2016 was C$-3.98 Mil. Mawson West's Interest Expense for the three months ended in Sep. 2016 was C$-1.84 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 Mawson West's Interest Coverage or its related term are showing as below:

TSX:MWE'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.

Mawson West Interest Coverage Historical Data

The historical data trend for Mawson West'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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Mawson West Interest Coverage Chart

Mawson West Annual Data

Trend

Jun09

Jun10

Jun11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

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N/A

7.89

Mawson West Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mawson West's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Mawson West'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.

Mawson West's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mawson West's Interest Coverage falls into.

Mawson West 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.

Mawson West's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Mawson West's Interest Expense was C$-10.46 Mil. Its Operating Income was C$-129.00 Mil. And its Long-Term Debt & Capital Lease Obligation was C$70.10 Mil.

Mawson West did not have earnings to cover the interest expense.

Mawson West's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Mawson West's Interest Expense was C$-1.84 Mil. Its Operating Income was C$-3.98 Mil. And its Long-Term Debt & Capital Lease Obligation was C$87.37 Mil.

Mawson West did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Mawson West (TSX:MWE) 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 .

Mawson West Interest Coverage Related Terms

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