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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. Mineral Commodities's
Operating Income
for the
six
months ended in Dec. 2017 was A$6.35 Mil. Mineral Commodities's Interest Expense for the
six
months ended in Dec. 2017 was A$-0.09 Mil.
Mineral Commodities's interest coverage for the quarter that ended in Dec. 2017 was 69.82.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mineral Commodities's Interest Coverage or its related term are showing as below:
ASX:MRC's Interest Coverage is not ranked *
in the Metals & Mining industry.
Industry Median: No Debt * Ranked among companies with meaningful Interest Coverage only.
Mineral Commodities (ASX:MRC) 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 .
Mineral Commodities Interest Coverage Related Terms
Mineral Commodities Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mineral Commodities'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.
Mineral Commodities Interest Coverage Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Mineral Commodities'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.
Mineral Commodities Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Commodities's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mineral Commodities's Interest Coverage falls into.
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:
* 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.
Mineral Commodities (ASX:MRC) has a Interest Coverage of 69.82 as of Dec. 2017. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mineral Commodities and its competitors.
Is Mineral Commodities' Interest Coverage too high?
Mineral Commodities' current Interest Coverage is 69.82. The Metals & Mining industry median Interest Coverage is 10,000.00. Mineral Commodities' value of 69.82 is 99.3% below this industry median.
How does Mineral Commodities' Interest Coverage compare to competitors?
Mineral Commodities' Interest Coverage of 69.82 can be compared against companies in the Metals & Mining industry. The industry median Interest Coverage is 10,000.00. Mineral Commodities' value of 69.82 is 99.3% below this benchmark. 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 1,328 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. Mineral Commodities's current Interest Coverage of 69.82 is 99.3% below the industry median. 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 Mineral Commodities 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. Mineral Commodities's current Interest Coverage is 69.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Commodities stock overvalued right now?
Mineral Commodities (ASX:MRC) has a current Interest Coverage of 69.82. The current Interest Coverage is 69.82 and 99.3% below the Metals & Mining industry median of 10,000.00. 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 Mineral Commodities (ASX:MRC), the current Interest Coverage is 69.82 as of Dec. 2017. 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.
Mineral Commodities Ltd is a mineral exploration and development company. It has Tormin Mineral Sands projects in South Africa. The company is also engaged in graphite mining and processing at the Skaland Graphite Operation in Norway, exploration and evaluation for the future development of the Munglinup Graphite Project in Australia, and evaluation for the future development of an Active Anode Materials Plant to produce graphitic anode materials in Australia and Norway. Its reportable segments are the Tormin Project which generates key revenue, Xolobeni Project, Skaland Project, Australia exploration, and Corporate.
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