Northam Platinum Holdings (JSE:NPH) Interest Coverage : 2.73 (As of Dec. 2023)

Northam Platinum Holdings Interest Coverage Chart

Northam Platinum Holdings Semi-Annual Data
	Jun18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial					12.68	10.75	9.89	5.35	2.73

Competitive Comparison of Northam Platinum Holdings's Interest Coverage

For the Other Precious Metals & Mining subindustry, Northam Platinum Holdings'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.

Northam Platinum Holdings's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northam Platinum Holdings's Interest Coverage falls into.

Northam Platinum Holdings 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Northam Platinum Holdings's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Northam Platinum Holdings's Interest Expense was R-2,117 Mil. Its Operating Income was R15,491 Mil. And its Long-Term Debt & Capital Lease Obligation was R10,667 Mil.

Northam Platinum Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Northam Platinum Holdings's Interest Expense was R-890 Mil. Its Operating Income was R2,428 Mil. And its Long-Term Debt & Capital Lease Obligation was R10,195 Mil.

* 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.

Northam Platinum Holdings  (JSE:NPH) 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 .

Northam Platinum Holdings Interest Coverage Related Terms

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Northam Platinum Holdings (JSE:NPH) Business Description