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GSRCF (GSP Resource) Interest Coverage : No Debt (1) (As of Aug. 2024)


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What is GSP Resource 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. GSP Resource's Operating Income for the three months ended in Aug. 2024 was $-0.06 Mil. GSP Resource's Interest Expense for the three months ended in Aug. 2024 was $0.00 Mil. GSP Resource has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

GSP Resource Corp has no debt.

(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 GSP Resource's Interest Coverage or its related term are showing as below:

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


GSRCF's Interest Coverage is ranked better than
99.93% of 1335 companies
in the Metals & Mining industry
Industry Median: No Debt vs GSRCF: 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.


GSP Resource Interest Coverage Historical Data

The historical data trend for GSP Resource'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.

GSP Resource Interest Coverage Chart

GSP Resource Annual Data
Trend May18 May19 May20 May21 May22 May23 May24
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

GSP Resource Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of GSP Resource's Interest Coverage

For the Other Precious Metals & Mining subindustry, GSP Resource'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.


GSP Resource's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GSP Resource's Interest Coverage falls into.



GSP Resource 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.

GSP Resource's Interest Coverage for the fiscal year that ended in May. 2024 is calculated as

Here, for the fiscal year that ended in May. 2024, GSP Resource's Interest Expense was $0.00 Mil. Its Operating Income was $-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

GSP Resource had no debt (1).

GSP Resource's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Here, for the three months ended in Aug. 2024, GSP Resource's Interest Expense was $0.00 Mil. Its Operating Income was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

GSP Resource 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.


GSP Resource  (OTCPK:GSRCF) 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 .


GSP Resource Interest Coverage Related Terms

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


GSP Resource Business Description

Traded in Other Exchanges
Address
777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4
GSP Resource Corp is a Canada based natural resource company engaged in the acquisition and exploration of mining properties. Its main emphasis is on the exploration of sulphide deposits with gold, platinum and palladium deposits in the Similkameen Mining Division, British Columbia. Its property holding includes Olivine Property. It has one operating segment being exploration of mineral properties in Canada.

GSP Resource Headlines