GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Battery Metals Ltd (OTCPK:IBATF) » Definitions » Interest Coverage

IBATF (International Battery Metals) Interest Coverage : N/A (As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is International Battery 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. International Battery Metals's Operating Income for the three months ended in Dec. 2024 was $-4.07 Mil. International Battery Metals's Interest Expense for the three months ended in Dec. 2024 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. International Battery Metals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(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 International Battery Metals's Interest Coverage or its related term are showing as below:


IBATF'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.


International Battery Metals Interest Coverage Historical Data

The historical data trend for International Battery 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.

International Battery Metals Interest Coverage Chart

International Battery Metals Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - No Debt

International Battery Metals Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24
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 N/A

Competitive Comparison of International Battery Metals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, International Battery 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.


International Battery Metals's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where International Battery Metals's Interest Coverage falls into.


;
;

International Battery 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.

International Battery Metals's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, International Battery Metals's Interest Expense was $0.00 Mil. Its Operating Income was $-10.59 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

International Battery Metals had no debt (1).

International Battery Metals's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, International Battery Metals's Interest Expense was $0.00 Mil. Its Operating Income was $-4.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.17 Mil.

GuruFocus does not calculate International Battery Metals's interest coverage with the available data.

* 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.


International Battery Metals  (OTCPK:IBATF) 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 .


International Battery Metals Interest Coverage Related Terms

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


International Battery Metals Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3
International Battery Metals Ltd is a technology company focused on lithium extraction from solar, geothermal brines and oil field brines. The company is in the process of creating and applying intellectual property related to lithium extraction from brines. Its extraction process is environmentally friendly, low cost, and has the potential to produce commercial-grade lithium at a faster rate.