Coda Minerals (ASX:COD) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Coda Minerals 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. Coda Minerals's Operating Income for the six months ended in Dec. 2023 was A$-2.65 Mil. Coda Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Coda Minerals's Interest Coverage or its related term are showing as below:

ASX:COD'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.

Coda Minerals Interest Coverage Historical Data

The historical data trend for Coda Minerals'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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Coda Minerals Interest Coverage Chart

Coda Minerals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Coverage

N/A

Coda Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			-	-	-	No Debt	-

Competitive Comparison of Coda Minerals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Coda Minerals'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.

Coda Minerals's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Coda Minerals's Interest Coverage falls into.

Coda Minerals 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.

Coda Minerals's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Coda Minerals's Interest Expense was A$-0.00 Mil. Its Operating Income was A$-8.05 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Coda Minerals did not have earnings to cover the interest expense.

Coda Minerals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Coda Minerals's Interest Expense was A$-0.01 Mil. Its Operating Income was A$-2.65 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.06 Mil.

Coda Minerals did not have earnings to cover the interest expense.

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

Coda Minerals (ASX:COD) 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 .

Coda Minerals Interest Coverage Related Terms

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

Coda Minerals (ASX:COD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Coda Minerals Ltd (ASX:COD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CODMF:USA

Address

6 Altona Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.codaminerals.com

Coda Minerals Ltd is focused on the exploration, discovery, and development of minerals in the base metals, precious metals and battery minerals sector. The company's reportable segments include Elizabeth Creek Copper Cobalt project, Cameron River Copper Gold project, Club Terrace Gold project, Mt Piper Gold project, , the Balmoral project and Laloki - Rigo Copper Gold project. The company generate the majority of its revenue from Elizabeth Creek project.

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