GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Candelaria Mining Corp (OTCPK:CDELF) » Definitions » Interest Coverage

CDELF (Candelaria Mining) Interest Coverage : 0 (At Loss) (As of Oct. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Candelaria Mining 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. Candelaria Mining's Operating Income for the three months ended in Oct. 2024 was $-0.10 Mil. Candelaria Mining's Interest Expense for the three months ended in Oct. 2024 was $-0.12 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 Candelaria Mining's Interest Coverage or its related term are showing as below:


CDELF'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.


Candelaria Mining Interest Coverage Historical Data

The historical data trend for Candelaria 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.

* Premium members only.

Candelaria Mining Interest Coverage Chart

Candelaria Mining Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt - - - -

Candelaria Mining Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Candelaria Mining's Interest Coverage

For the Gold subindustry, Candelaria 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.


Candelaria Mining's Interest Coverage Distribution in the Metals & Mining Industry

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

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



Candelaria 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.

Candelaria Mining's Interest Coverage for the fiscal year that ended in Apr. 2024 is calculated as

Here, for the fiscal year that ended in Apr. 2024, Candelaria Mining's Interest Expense was $-0.91 Mil. Its Operating Income was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

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

Candelaria Mining's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Here, for the three months ended in Oct. 2024, Candelaria Mining's Interest Expense was $-0.12 Mil. Its Operating Income was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Candelaria Mining did not have earnings to cover the 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.

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


Candelaria Mining  (OTCPK:CDELF) 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 .


Candelaria Mining Interest Coverage Related Terms

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


Candelaria Mining Business Description

Traded in Other Exchanges
Address
1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3
Candelaria Mining Corp is a precious metals focused exploration and mining company. It has two gold projects in Mexico; the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned exploration stage Caballo Blanco project located in the state of Veracruz.

Candelaria Mining Headlines

From GuruFocus

UPDATE -- Candelaria Provides a Corporate Update

By GlobeNewswire GlobeNewswire 07-11-2020

CANDELARIA MINING CLOSES $1,059,261 PRIVATE PLACEMENT FINANCING

By GlobeNewswire GlobeNewswire 04-03-2020

Candelaria Announces Grant of Options and Restricted Share Units

By GlobeNewswire GlobeNewswire 04-30-2022

Candelaria Mining Corp. Announces Stock Option and RSU Grants

By GlobeNewswire GlobeNewswire 03-27-2018

Candelaria Mining Announces Proposed Warrant Extension

By GlobeNewswire GlobeNewswire 11-15-2018

Candelaria Completes Shares for Debt Transaction

By GlobeNewswire GlobeNewswire 09-25-2020