Buscar Co (Buscar Co) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2017)

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What is Buscar Co 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. Buscar Co's Operating Income for the six months ended in Mar. 2017 was $-3.37 Mil. Buscar Co's Interest Expense for the six months ended in Mar. 2017 was $0.00 Mil. Buscar Co 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 Buscar Co's Interest Coverage or its related term are showing as below:

CGLD'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.

Buscar Co Interest Coverage Historical Data

The historical data trend for Buscar Co'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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Buscar Co Interest Coverage Chart

Buscar Co Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Interest Coverage

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No Debt

Buscar Co Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17
Interest Coverage	Get a 7-Day Free Trial			-	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Buscar Co's Interest Coverage

For the Other Precious Metals & Mining subindustry, Buscar Co'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.

Buscar Co's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Buscar Co's Interest Coverage falls into.

Buscar Co 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.

Buscar Co's Interest Coverage for the fiscal year that ended in Mar. 2016 is calculated as

Here, for the fiscal year that ended in Mar. 2016, Buscar Co's Interest Expense was $0.00 Mil. Its Operating Income was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Buscar Co had no debt ⁽¹⁾.

Buscar Co's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Here, for the six months ended in Mar. 2017, Buscar Co's Interest Expense was $0.00 Mil. Its Operating Income was $-3.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Buscar Co had no debt ⁽¹⁾.

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

Buscar Co (OTCPK:CGLD) 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 .

Buscar Co Interest Coverage Related Terms

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Buscar Co (Buscar Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Buscar Co (OTCPK:CGLD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

9663 Santa Monica Boulevard, Suite 688, Beverly hills, CA, USA, 90210

Website

https://www.buscarcompany.com

Buscar Co is a mining company that develops, restores, and enhances mining on the Treasure Canyon Lode Mine. Treasure Canyon Lode Mine contains multiple heavy veins containing gold, silver, PGMs, copper, and rare earth metals. The company has 10 unpatented mining claims to develop and mine.