Sinovus Mining (ASX:SNV) Interest Coverage: No Debt (1) (As of Dec. 2015) — 100% Below Median


What is Sinovus Mining Interest Coverage?

Sinovus Mining ASX:SNV Interest Coverage is No Debt (1) as of Dec. 2015, which is 100% below its 10-year median of 10,000.00. The stock has 4 warning signs investors should review.

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. Sinovus Mining's Operating Income for the six months ended in Dec. 2015 was A$-0.27 Mil. Sinovus Mining's Interest Expense for the six months ended in Dec. 2015 was A$0.00 Mil. Sinovus Mining has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Sinovus Mining Limited 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 Sinovus Mining's Interest Coverage or its related term are showing as below:

ASX:SNV' s Interest Coverage Range Over the Past 10 Years
Min: 9999.99   Med: No Debt   Max: No Debt
Current: No Debt

ASX:SNV's Interest Coverage is not ranked
in the Metals & Mining industry.
Industry Median: No Debt vs ASX:SNV: 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.

Sinovus Mining  (ASX:SNV) 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 .

Sinovus Mining Interest Coverage Related Terms

Sinovus Mining Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sinovus Mining'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.

Sinovus Mining Interest Coverage Chart

Sinovus Mining Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 0.00 No Debt No Debt 0.00 0.00

Sinovus Mining Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Sinovus Mining Interest Coverage Competitor Comparison

For the Copper subindustry, Sinovus Mining'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.

Sinovus Mining Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Sinovus Mining's Interest Coverage falls into.


Sinovus Mining 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.

Sinovus Mining's Interest Coverage for the fiscal year that ended in Jun. 2016 is calculated as

Here, for the fiscal year that ended in Jun. 2016, Sinovus Mining's Interest Expense was A$-0.00 Mil. Its Operating Income was A$-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Sinovus Mining did not have earnings to cover the interest expense.

Sinovus Mining's Interest Coverage for the quarter that ended in Dec. 2015 is calculated as

Here, for the six months ended in Dec. 2015, Sinovus Mining's Interest Expense was A$0.00 Mil. Its Operating Income was A$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Sinovus Mining 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?
Sinovus Mining (ASX:SNV) has a Interest Coverage of No Debt (1) as of Dec. 2015. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sinovus Mining and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Sinovus Mining's Interest Coverage has ranged from 9,999.99 to 10,000.00.
Is Sinovus Mining's Interest Coverage too high?
Sinovus Mining's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 9,999.99 to a high of 10,000.00.
How does Sinovus Mining's Interest Coverage compare to competitors?
Sinovus Mining's 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. Historically, Sinovus Mining's own Interest Coverage has ranged from 9,999.99 to 10,000.00 over the past decade. 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 Sinovus Mining 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. Sinovus Mining's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinovus Mining stock overvalued right now?
Sinovus Mining (ASX:SNV) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year 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 Sinovus Mining (ASX:SNV), the current Interest Coverage is No Debt (1) as of Dec. 2015. 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.

Sinovus Mining Business Description

Address 32 Martin Place, Level 10, Sydney, NSW, AUS, 2000
Sinovus Mining Ltd is a mineral resource company. It engaged in developing its gold assets in the Heilongjiang region of north-eastern China. The Company's main projects include: Xiangguang Silver Project, Laogouxi Gold Project, YangShan Coal Mine and Paltar Petroleum Limited.