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Cosmos Exploration (ASX:C1X) Interest Coverage : No Debt (1) (As of Dec. 2024)


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What is Cosmos Exploration 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. Cosmos Exploration's Operating Income for the six months ended in Dec. 2024 was A$-0.67 Mil. Cosmos Exploration's Interest Expense for the six months ended in Dec. 2024 was A$0.00 Mil. Cosmos Exploration has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Cosmos Exploration Ltd has no debt.

(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 Cosmos Exploration's Interest Coverage or its related term are showing as below:

ASX:C1X' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


ASX:C1X's Interest Coverage is ranked better than
99.77% of 1320 companies
in the Metals & Mining industry
Industry Median: No Debt vs ASX:C1X: No Debt

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


Cosmos Exploration Interest Coverage Historical Data

The historical data trend for Cosmos Exploration'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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Cosmos Exploration Interest Coverage Chart

Cosmos Exploration Annual Data
Trend Jun22 Jun23 Jun24
Interest Coverage
No Debt No Debt No Debt

Cosmos Exploration Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Cosmos Exploration's Interest Coverage

For the Other Precious Metals & Mining subindustry, Cosmos Exploration'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.


Cosmos Exploration's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cosmos Exploration's Interest Coverage falls into.


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Cosmos Exploration 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.

Cosmos Exploration's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Cosmos Exploration's Interest Expense was A$0.00 Mil. Its Operating Income was A$-4.00 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Cosmos Exploration had no debt (1).

Cosmos Exploration's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Cosmos Exploration's Interest Expense was A$0.00 Mil. Its Operating Income was A$-0.67 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Cosmos Exploration had no debt (1).

* 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.

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


Cosmos Exploration  (ASX:C1X) 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 .


Cosmos Exploration Interest Coverage Related Terms

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


Cosmos Exploration Business Description

Traded in Other Exchanges
N/A
Address
338 Barker Road, Level 1, Subiaco, WA, AUS, 6008
Cosmos Exploration Ltd is focused on exploring gold, copper, and nickel deposits in Australia. Its portfolio includes the Fenix Project, the Orange East Project in NSW and the Byro East Project in WA.

Cosmos Exploration Headlines

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