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Saltbae Capital (Saltbae Capital) Interest Coverage : 0 (At Loss) (As of Mar. 2019)


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What is Saltbae Capital 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. Saltbae Capital's Operating Income for the three months ended in Mar. 2019 was $-2.67 Mil. Saltbae Capital's Interest Expense for the three months ended in Mar. 2019 was $-0.00 Mil. did not have earnings to cover the interest expense. 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 Saltbae Capital's Interest Coverage or its related term are showing as below:


CECBF's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.69
* 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.


Saltbae Capital Interest Coverage Historical Data

The historical data trend for Saltbae Capital'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.

Saltbae Capital Interest Coverage Chart

Saltbae Capital Annual Data
Trend Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - No Debt No Debt No Debt No Debt

Saltbae Capital Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 No Debt - - - -

Competitive Comparison of Saltbae Capital's Interest Coverage

For the Electrical Equipment & Parts subindustry, Saltbae Capital'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.


Saltbae Capital's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Saltbae Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saltbae Capital's Interest Coverage falls into.



Saltbae Capital 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.

Saltbae Capital's Interest Coverage for the fiscal year that ended in Sep. 2017 is calculated as

Here, for the fiscal year that ended in Sep. 2017, Saltbae Capital's Interest Expense was $0.00 Mil. Its Operating Income was $-0.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Saltbae Capital had no debt (1).

Saltbae Capital's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Here, for the three months ended in Mar. 2019, Saltbae Capital's Interest Expense was $-0.00 Mil. Its Operating Income was $-2.67 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.95 Mil.

Saltbae Capital 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.


Saltbae Capital  (OTCPK:CECBF) 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 .


Saltbae Capital Interest Coverage Related Terms

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Saltbae Capital (Saltbae Capital) Business Description

Traded in Other Exchanges
N/A
Address
100 King Street West, Suite 5700, First Canadian Place, Toronto, ON, CAN, M5X 1C7
Saltbae Capital Corp formerly CellCube Energy Storage Systems Inc is a Canadian company which acts as an integrated producer of vanadium and vanadium electrolytes for the energy storage industry. The principal activity is the exploration of its mineral properties in Canada and the United States. The company owns an interest in Bisoni-Mckay Property and Bisoni-Rio Property.

Saltbae Capital (Saltbae Capital) Headlines