VAR Resources (TSXV:VAR) Interest Coverage : No Debt ⁽¹⁾ (As of Jul. 2022)

View and export this data going back to 1996. Start your Free Trial

What is VAR 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. VAR Resources's Operating Income for the three months ended in Jul. 2022 was C$-0.06 Mil. VAR Resources's Interest Expense for the three months ended in Jul. 2022 was C$0.00 Mil. VAR Resources 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 VAR Resources's Interest Coverage or its related term are showing as below:

TSXV:VAR'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.

VAR Resources Interest Coverage Historical Data

The historical data trend for VAR 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.

VAR Resources Interest Coverage Chart

VAR Resources Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Interest Coverage

Get a 7-Day Free Trial

No Debt

VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of VAR Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, VAR 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.

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

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

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

VAR 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.

VAR Resources's Interest Coverage for the fiscal year that ended in Oct. 2021 is calculated as

Here, for the fiscal year that ended in Oct. 2021, VAR Resources's Interest Expense was C$-0.00 Mil. Its Operating Income was C$-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

VAR Resources did not have earnings to cover the interest expense.

VAR Resources's Interest Coverage for the quarter that ended in Jul. 2022 is calculated as

Here, for the three months ended in Jul. 2022, VAR Resources's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

VAR Resources had no debt ⁽¹⁾.

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

VAR Resources (TSXV:VAR) 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 .

VAR Resources Interest Coverage Related Terms

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