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Alaska Energy Metals (FRA:V7F) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Alaska Energy 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. Alaska Energy Metals's Operating Income for the three months ended in Mar. 2024 was €-2.14 Mil. Alaska Energy Metals's Interest Expense for the three months ended in Mar. 2024 was €-0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Alaska Energy Metals's Interest Coverage or its related term are showing as below:


FRA:V7F'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.


Alaska Energy Metals Interest Coverage Historical Data

The historical data trend for Alaska Energy 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.

Alaska Energy Metals Interest Coverage Chart

Alaska Energy Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Alaska Energy Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Alaska Energy Metals's Interest Coverage

For the Other Precious Metals & Mining subindustry, Alaska Energy 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.


Alaska Energy Metals's Interest Coverage Distribution in the Metals & Mining Industry

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

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



Alaska Energy 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.

Alaska Energy Metals's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Alaska Energy Metals's Interest Expense was €-0.01 Mil. Its Operating Income was €-3.56 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.02 Mil.

Alaska Energy Metals did not have earnings to cover the interest expense.

Alaska Energy Metals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Alaska Energy Metals's Interest Expense was €-0.00 Mil. Its Operating Income was €-2.14 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.01 Mil.

Alaska Energy Metals did not have earnings to cover the interest expense.

* 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.


Alaska Energy Metals  (FRA:V7F) 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 .


Alaska Energy Metals Interest Coverage Related Terms

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


Alaska Energy Metals (FRA:V7F) Business Description

Traded in Other Exchanges
Address
355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8
Alaska Energy Metals Corp is a Canada-based company engaged in the business activities of exploration and development of mineral resources. Through research and early-stage exploration, the company generates new exploration ideas, acquires mineral rights, and performs exploration work to identify drilling targets. The company derives revenue from contracts with customers through overhead recovery fees and exploration services. Its geographical segments include the USA, Mexico, and Canada, where the majority of its revenue comes from the USA.

Alaska Energy Metals (FRA:V7F) Headlines

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