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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. Cameco Corp's Operating Income for the three months ended in Jun. 2016 was $-125 Mil. Cameco Corp's Interest Expense for the three months ended in Jun. 2016 was $-15 Mil. Cameco Corp did not have earnings to cover the interest expense. The higher the ratio, the stronger the companys financial strength is.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|The company did not have earnings to cover the interest expense.|
|The company had no debt.|
Cameco Corp's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Dec. 2015 )||/||Interest Expense (A: Dec. 2015 )|
Cameco Corp's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as
|Cameco Corp did not have earnings to cover the interest expense.|
The higher the ratio, the stronger the companys financial strength is.
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 companys overage financial strength.
Cameco Corp Annual Data
Cameco Corp Quarterly Data
|interest_coverage||2.82||4.84||At Loss||0.78||3.65||4.81||4.33||0.32||2.45||At Loss|
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