GRDV (Golden Royal Development) Interest Coverage: No Debt (1) (As of Sep. 2024)


GRDV Golden Royal Development Inc GRDV
18 GF Score
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What is Golden Royal Development Interest Coverage?

Golden Royal Development GRDV 18 Interest Coverage is No Debt (1) as of Sep. 2024. GuruFocus rates GRDV with a GF Score™ of 18/100.

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. Golden Royal Development's Operating Income for the three months ended in Sep. 2024 was $-0.00 Mil. Golden Royal Development's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Golden Royal Development has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Golden Royal Development's Interest Coverage or its related term are showing as below:


GRDV'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.

Golden Royal Development  (OTCPK:GRDV) 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 .

Golden Royal Development Interest Coverage Related Terms

Golden Royal Development Interest Coverage Historical Data

* Premium members only.

The historical data trend for Golden Royal Development'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.

Golden Royal Development Interest Coverage Chart

Golden Royal Development Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
Interest Coverage
0.00 0.00 No Debt No Debt No Debt

Golden Royal Development Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

GRDV vs LBRMF, ATAO, NWIFF: Interest Coverage Comparison

For the Other Industrial Metals & Mining subindustry, Golden Royal Development'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.

Golden Royal Development Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Golden Royal Development's Interest Coverage falls into.


GRDV
18GF Score
Golden Royal Development Inc GRDV
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Golden Royal Development 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.

Golden Royal Development's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, Golden Royal Development's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Golden Royal Development had no debt (1).

Golden Royal Development's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Golden Royal Development's Interest Expense was $0.00 Mil. Its Operating Income was $-0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Golden Royal Development 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Golden Royal Development (GRDV) has a Interest Coverage of No Debt (1) as of Sep. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Golden Royal Development and its competitors.
Is Golden Royal Development's Interest Coverage too high?
Golden Royal Development's current Interest Coverage is No Debt (1). Overall, Golden Royal Development has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Golden Royal Development's Interest Coverage compare to LBRMF and ATAO?
Golden Royal Development's Interest Coverage of No Debt (1) can be compared against companies in the Metals & Mining industry. The industry median Interest Coverage is 10,000.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,316 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Golden Royal Development and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Royal Development's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Royal Development stock overvalued right now?
Golden Royal Development (GRDV) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Golden Royal Development's overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Golden Royal Development (GRDV), the current Interest Coverage is No Debt (1) as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Golden Royal Development Business Description

Address 543 Bedford Avenue, Suite 176, New York, NY, USA, 11211
Golden Royal Development Inc United States-based company. The company engages in the business of purchasing and selling mineral leases and other interests in mineral rights.
18GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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