Carawine Resources (ASX:CWX) Interest Coverage: No Debt (1) (As of Dec. 2024)


ASX:CWX Carawine Resources Ltd ASX:CWX
9 GF Score
Price A$0.11
View Full Analysis

What is Carawine Resources Interest Coverage?

Carawine Resources ASX:CWX 9 Interest Coverage is No Debt (1) as of Dec. 2024. GuruFocus rates ASX:CWX with a GF Score™ of 9/100.

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. Carawine Resources's Operating Income for the six months ended in Dec. 2024 was A$-1.34 Mil. Carawine Resources's Interest Expense for the six months ended in Dec. 2024 was A$0.00 Mil. Carawine Resources 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 Carawine Resources's Interest Coverage or its related term are showing as below:


ASX:CWX'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.

Carawine Resources  (ASX:CWX) 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 .

Carawine Resources Interest Coverage Related Terms

Carawine Resources Interest Coverage Historical Data

* Premium members only.

The historical data trend for Carawine Resources'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.

Carawine Resources Interest Coverage Chart

Carawine Resources Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Carawine Resources Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A No Debt N/A

Carawine Resources Interest Coverage Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Carawine Resources'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.

Carawine Resources Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Carawine Resources's Interest Coverage falls into.


ASX:CWX
9GF Score
Carawine Resources Ltd ASX:CWX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carawine Resources 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.

Carawine Resources'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, Carawine Resources's Interest Expense was A$-0.01 Mil. Its Operating Income was A$-1.27 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.01 Mil.

Carawine Resources did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2024, Carawine Resources's Interest Expense was A$0.00 Mil. Its Operating Income was A$-1.34 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Carawine Resources 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Carawine Resources (ASX:CWX) has a Interest Coverage of No Debt (1) as of Dec. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Carawine Resources and its competitors.
Is Carawine Resources' Interest Coverage too high?
Carawine Resources' current Interest Coverage is No Debt (1). Overall, Carawine Resources has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Carawine Resources' Interest Coverage compare to competitors?
Carawine Resources' Interest Coverage of No Debt (1) can be compared against companies in the Metals & Mining industry. The industry median Interest Coverage is 10,000.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Carawine Resources and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carawine Resources's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carawine Resources stock overvalued right now?
Carawine Resources (ASX:CWX) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Carawine Resources' overall GF Score™ is 9/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Carawine Resources (ASX:CWX), the current Interest Coverage is No Debt (1) as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Carawine Resources Business Description

Address 18 Kings Park Road, Level 1, West Perth, WA, AUS, 6005
Carawine Resources Ltd is a mineral exploration company. It focuses on the exploration and development of gold, copper, cobalt, and base metal within Western Australia and Victoria. The company has five exploration projects: the Jamieson project, Tropicana North Project, Oakover project, Paterson project, and Fraser Range project.
9GF Score

Get the complete analysis for ASX:CWX

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.11
Price