Mamba Exploration (ASX:M24) Interest Coverage : N/A (As of Dec. 2024)

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What is Mamba 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. Mamba Exploration's Operating Income for the six months ended in Dec. 2024 was A$-0.41 Mil. Mamba Exploration's Interest Expense for the six months ended in Dec. 2024 was A$0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. Mamba Exploration Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

ASX:M24'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.

Mamba Exploration Interest Coverage Historical Data

The historical data trend for Mamba 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.

* Premium members only.

Mamba Exploration Interest Coverage Chart

Mamba Exploration Annual Data

Trend

Jun22

Jun23

Jun24

Interest Coverage

N/A

No Debt

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

Competitive Comparison of Mamba Exploration's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Mamba 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.

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

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

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

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Mamba 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.

Mamba 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, Mamba Exploration's Interest Expense was A$0.00 Mil. Its Operating Income was A$-1.31 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Mamba Exploration had no debt ⁽¹⁾.

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

Here, for the six months ended in Dec. 2024, Mamba Exploration's Interest Expense was A$0.00 Mil. Its Operating Income was A$-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.04 Mil.

GuruFocus does not calculate Mamba Exploration's interest coverage with the available data.

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

Mamba Exploration (ASX:M24) 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 .

Mamba Exploration Interest Coverage Related Terms

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

Mamba Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mamba Exploration Ltd (ASX:M24) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.mambaexploration.com.au

Mamba Exploration Ltd is engaged in the exploration of nickel, copper, and gold. The company operates in a two geographical segment, Australia and Canada. The company has focus on its mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions of Western Australia. company has one reportable business segment, being the exploration for nickel, copper, gold and uranium. The projects includes Hyden REE Project, Kimberley Project, Ashburton Project and Calyerup Creek Project.

Mamba Exploration Headlines

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