Bayfield Ventures (FRA:B4N) Interest Coverage : No Debt ⁽¹⁾ (As of Jul. 2014)

Bayfield Ventures Interest Coverage Chart

Bayfield Ventures Annual Data
	Trend	Oct04	Oct05	Oct06	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Oct13
Interest Coverage		Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Bayfield Ventures Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Bayfield Ventures's Interest Coverage

For the Gold subindustry, Bayfield Ventures'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.

Bayfield Ventures's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Bayfield Ventures's Interest Coverage falls into.

Bayfield Ventures 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.

Bayfield Ventures's Interest Coverage for the fiscal year that ended in Oct. 2013 is calculated as

Here, for the fiscal year that ended in Oct. 2013, Bayfield Ventures's Interest Expense was €0.00 Mil. Its Operating Income was €-0.99 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Bayfield Ventures's Interest Coverage for the quarter that ended in Jul. 2014 is calculated as

Here, for the three months ended in Jul. 2014, Bayfield Ventures's Interest Expense was €0.00 Mil. Its Operating Income was €-0.24 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.

Bayfield Ventures  (FRA:B4N) 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 .

Bayfield Ventures Interest Coverage Related Terms

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Bayfield Ventures (FRA:B4N) Business Description