Firestone Diamonds (FRA:GYF1) Interest Coverage : N/A (As of Jun. 2020)

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What is Firestone Diamonds 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. Firestone Diamonds's Operating Income for the six months ended in Jun. 2020 was €0.00 Mil. Firestone Diamonds's Interest Expense for the six months ended in Jun. 2020 was €0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Firestone Diamonds PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Firestone Diamonds's Interest Coverage or its related term are showing as below:

FRA:GYF1' s Interest Coverage Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 0.03

FRA:GYF1's Interest Coverage is not ranked
in the Metals & Mining industry.
Industry Median: No Debt vs FRA:GYF1: 0.03

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

Firestone Diamonds Interest Coverage Historical Data

The historical data trend for Firestone Diamonds'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.

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Firestone Diamonds Interest Coverage Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Interest Coverage

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0.03

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Interest Coverage	Get a 7-Day Free Trial															-	-	0.05	0.01	N/A

Competitive Comparison of Firestone Diamonds's Interest Coverage

For the Other Precious Metals & Mining subindustry, Firestone Diamonds'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.

Firestone Diamonds's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Firestone Diamonds's Interest Coverage falls into.

Firestone Diamonds 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.

Firestone Diamonds's Interest Coverage for the fiscal year that ended in Jun. 2020 is calculated as

Here, for the fiscal year that ended in Jun. 2020, Firestone Diamonds's Interest Expense was €-9.32 Mil. Its Operating Income was €-7.20 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.80 Mil.

Firestone Diamonds did not have earnings to cover the interest expense.

Firestone Diamonds's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the six months ended in Jun. 2020, Firestone Diamonds's Interest Expense was €0.00 Mil. Its Operating Income was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.80 Mil.

GuruFocus does not calculate Firestone Diamonds's interest coverage with the available data.

The higher the ratio, the stronger the company's Financial Strength is.

Firestone Diamonds (FRA:GYF1) 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 .

Firestone Diamonds Interest Coverage Related Terms

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

Firestone Diamonds (FRA:GYF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (FRA:GYF1) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

Firestone Diamonds (FRA:GYF1) Headlines

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