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Ramp Metals (FRA:6DK) Interest Coverage : No Debt (1) (As of Dec. 2024)


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What is Ramp Metals 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. Ramp Metals's Operating Income for the three months ended in Dec. 2024 was €-0.20 Mil. Ramp Metals's Interest Expense for the three months ended in Dec. 2024 was €0.00 Mil. Ramp Metals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ramp Metals Inc has enough cash to cover all of its debt. Its financial situation is stable.

(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 Ramp Metals's Interest Coverage or its related term are showing as below:

FRA:6DK' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


FRA:6DK's Interest Coverage is ranked better than
99.92% of 1331 companies
in the Metals & Mining industry
Industry Median: No Debt vs FRA:6DK: 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.


Ramp Metals Interest Coverage Historical Data

The historical data trend for Ramp Metals'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.

Ramp Metals Interest Coverage Chart

Ramp Metals Annual Data
Trend Jun23 Jun24
Interest Coverage
No Debt No Debt

Ramp Metals Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Ramp Metals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Ramp Metals'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.


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

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

* The bar in red indicates where Ramp Metals's Interest Coverage falls into.



Ramp Metals 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.

Ramp Metals's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Ramp Metals's Interest Expense was €0.00 Mil. Its Operating Income was €-0.87 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Ramp Metals had no debt (1).

Ramp Metals's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Ramp Metals's Interest Expense was €0.00 Mil. Its Operating Income was €-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Ramp Metals 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.


Ramp Metals  (FRA:6DK) 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 .


Ramp Metals Interest Coverage Related Terms

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


Ramp Metals Business Description

Traded in Other Exchanges
Address
3148 Highland Boulevard, North Vancouver, BC, CAN, V7R 2X6
Ramp Metals Inc is engaged in exploring and developing its resource properties. The company's exploration assets include Rottenstone SW and the Peter Lake Domain property in Saskatchewan, Canada. Geographically, the company has a presence in Canada and the United States of America.

Ramp Metals Headlines

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