Nevada Gold & Casinos (Nevada Gold & Casinos) Interest Coverage : 1.89 (As of Jan. 2019)

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What is Nevada Gold & Casinos 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. Nevada Gold & Casinos's Operating Income for the three months ended in Jan. 2019 was $0.25 Mil. Nevada Gold & Casinos's Interest Expense for the three months ended in Jan. 2019 was $-0.13 Mil. Nevada Gold & Casinos's interest coverage for the quarter that ended in Jan. 2019 was 1.89. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Nevada Gold & Casinos's Interest Coverage or its related term are showing as below:

UWN's Interest Coverage is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 5.16
* 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.

Nevada Gold & Casinos Interest Coverage Historical Data

The historical data trend for Nevada Gold & Casinos'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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Nevada Gold & Casinos Interest Coverage Chart

Nevada Gold & Casinos Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Interest Coverage

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1.76

4.72

6.08

3.94

4.65

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Interest Coverage	Get a 7-Day Free Trial															4.27	6.49	1.33	6.08	1.89

Competitive Comparison of Nevada Gold & Casinos's Interest Coverage

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nevada Gold & Casinos's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nevada Gold & Casinos's Interest Coverage falls into.

Nevada Gold & Casinos 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.

Nevada Gold & Casinos's Interest Coverage for the fiscal year that ended in Apr. 2018 is calculated as

Here, for the fiscal year that ended in Apr. 2018, Nevada Gold & Casinos's Interest Expense was $-0.64 Mil. Its Operating Income was $2.96 Mil. And its Long-Term Debt & Capital Lease Obligation was $7.90 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Apr. 2018 )	/	Interest Expense (A: Apr. 2018 )
	=	-1	*	2.964	/	-0.637
	=	4.65

Nevada Gold & Casinos's Interest Coverage for the quarter that ended in Jan. 2019 is calculated as

Here, for the three months ended in Jan. 2019, Nevada Gold & Casinos's Interest Expense was $-0.13 Mil. Its Operating Income was $0.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2019 )	/	Interest Expense (Q: Jan. 2019 )
	=	-1	*	0.249	/	-0.132
	=	1.89

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

Nevada Gold & Casinos (AMEX:UWN) 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 .

Nevada Gold & Casinos Interest Coverage Related Terms

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

Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nevada Gold & Casinos Inc (AMEX:UWN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119

Website

http://www.nevadagold.com

Nevada Gold & Casinos Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. It operates with Washington, South Dakota, Nevada and Corporate segments. The Washington Gold segment consists of the Washington mini-casinos. The South Dakota Gold segment includes slot route operation in South Dakota. The Nevada segment consists of club fortune casino and corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. The firm has approximately 540 slot machines, seven table games and a poker room, two bars, an entertainment lounge, a William Hill sports book, a cafe, a snack bar, and a gift shop. Nevada derives the majority of revenue from casino operation and rests from others.

Executives

Michael P Shaunnessy	officer: President/CEO	50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
James Meier	officer: CFO	4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Wayne H White	director
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Channel Partnership Ii L P	10 percent owner	450 SEVENTH AVENUE SUITE 509, NEW YORK NY 10123