CGLD (Buscar Co) Interest Coverage: No Debt (1) (As of Mar. 2017)


What is Buscar Co Interest Coverage?

Buscar Co CGLD -18.76% Interest Coverage is No Debt (1) as of Mar. 2017.

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. Buscar Co's Operating Income for the six months ended in Mar. 2017 was $-3.37 Mil. Buscar Co's Interest Expense for the six months ended in Mar. 2017 was $0.00 Mil. Buscar Co has no debt. 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 Buscar Co's Interest Coverage or its related term are showing as below:


CGLD'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.

Buscar Co  (OTCPK:CGLD) 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 .

Buscar Co Interest Coverage Related Terms

Buscar Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Buscar Co'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.

Buscar Co Interest Coverage Chart

Buscar Co Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Interest Coverage
Get a 7-Day Free Trial 0.00 0.00 No Debt No Debt No Debt

Buscar Co Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Interest Coverage Get a 7-Day Free Trial 0.00 No Debt No Debt No Debt No Debt

CGLD vs SRGZ, AUMN, AMNP: Interest Coverage Comparison

For the Other Precious Metals & Mining subindustry, Buscar Co'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.

Buscar Co Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Buscar Co's Interest Coverage falls into.


Buscar Co 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.

Buscar Co's Interest Coverage for the fiscal year that ended in Mar. 2016 is calculated as

Here, for the fiscal year that ended in Mar. 2016, Buscar Co's Interest Expense was $0.00 Mil. Its Operating Income was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Buscar Co had no debt (1).

Buscar Co's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Here, for the six months ended in Mar. 2017, Buscar Co's Interest Expense was $0.00 Mil. Its Operating Income was $-3.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Buscar Co 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?
Buscar Co (CGLD) has a Interest Coverage of No Debt (1) as of Mar. 2017. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Buscar Co and its competitors.
Is Buscar Co's Interest Coverage too high?
Buscar Co's current Interest Coverage is No Debt (1).
How does Buscar Co's Interest Coverage compare to SRGZ and AUMN?
Buscar Co'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. 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 1,318 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 Buscar Co 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. Buscar Co's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buscar Co stock overvalued right now?
Buscar Co (CGLD) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). 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 Buscar Co (CGLD), the current Interest Coverage is No Debt (1) as of Mar. 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.

Buscar Co Business Description

Address 9663 Santa Monica Boulevard, Suite 688, Beverly hills, CA, USA, 90210
Buscar Co is a mining company that develops, restores, and enhances mining on the Treasure Canyon Lode Mine. Treasure Canyon Lode Mine contains multiple heavy veins containing gold, silver, PGMs, copper, and rare earth metals. The company has 10 unpatented mining claims to develop and mine.