Panex Resources (Panex Resources) Interest Coverage : No Debt ⁽¹⁾ (As of Aug. 2016)

Panex Resources Interest Coverage Chart

Panex Resources Annual Data
	Trend	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16
Interest Coverage		Get a 7-Day Free Trial					-	No Debt	No Debt	No Debt	No Debt

Panex Resources Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Panex Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Panex Resources'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.

Panex Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Panex Resources's Interest Coverage falls into.

Panex Resources 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Panex Resources's Interest Coverage for the fiscal year that ended in Aug. 2016 is calculated as

Here, for the fiscal year that ended in Aug. 2016, Panex Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Panex Resources's Interest Coverage for the quarter that ended in Aug. 2016 is calculated as

Here, for the three months ended in Aug. 2016, Panex Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

* 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.

Panex Resources  (OTCPK:DBGF) 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 .

Panex Resources Interest Coverage Related Terms

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Panex Resources (Panex Resources) Business Description