Wheaton Precious Metals (Wheaton Precious Metals) Interest Coverage

: 2,123.92 (As of Dec. 2023)

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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 company's Operating Income by its Interest Expense. Wheaton Precious Metals's Operating Income for the three months ended in Dec. 2023 was $161 Mil. Wheaton Precious Metals's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Wheaton Precious Metals's interest coverage for the quarter that ended in Dec. 2023 was 2,123.92. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Wheaton Precious Metals Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Wheaton Precious Metals's Interest Coverage or its related term are showing as below:

WPM' s Interest Coverage Range Over the Past 10 Years
Min: 6.55 Med: 49.33 Max: 5582.88
Current: 2472.43

WPM's Interest Coverage is ranked worse than
66.29% of 1344 companies
in the Metals & Mining industry
Industry Median: No Debt vs WPM: 2472.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wheaton Precious Metals Interest Coverage Historical Data

The historical data trend for Wheaton Precious Metals'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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Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.55

42.51

1,717.45

5,599.88

2,476.00

Wheaton Precious Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															5,490.74	5,882.65	3,809.89	1,460.92	2,123.92

Competitive Comparison

For the Gold subindustry, Wheaton Precious Metals'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.

Wheaton Precious Metals Interest Coverage Distribution

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

* The bar in red indicates where Wheaton Precious Metals's Interest Coverage falls into.

Wheaton Precious Metals 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.

Wheaton Precious Metals's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Wheaton Precious Metals's Interest Expense was $-0 Mil. Its Operating Income was $513 Mil. And its Long-Term Debt & Capital Lease Obligation was $6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	512.531	/	-0.207
	=	2,476.00

Wheaton Precious Metals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Wheaton Precious Metals's Interest Expense was $-0 Mil. Its Operating Income was $161 Mil. And its Long-Term Debt & Capital Lease Obligation was $6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	161.418	/	-0.076
	=	2,123.92

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

Wheaton Precious Metals (NYSE:WPM) 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 .

Wheaton Precious Metals Interest Coverage Related Terms

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

Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (NYSE:WPM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

WPM:UK SII:Germany SII:Germany SII:Germany SII:Germany WPM:Canada

Address

1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3

Website

https://www.wheatonpm.com

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.