Sail Mining Group (JSE:SGP) Interest Coverage: 0 (At Loss) (As of Aug. 2021)


What is Sail Mining Group Interest Coverage?

Sail Mining Group JSE:SGP Interest Coverage is 0 (At Loss) as of Aug. 2021.

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. Sail Mining Group's Operating Income for the six months ended in Aug. 2021 was R-294 Mil. Sail Mining Group's Interest Expense for the six months ended in Aug. 2021 was R-38 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 Sail Mining Group's Interest Coverage or its related term are showing as below:


JSE:SGP'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.

Sail Mining Group  (JSE:SGP) 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 .

Sail Mining Group Interest Coverage Related Terms

Sail Mining Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group Interest Coverage Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.13 0.00 0.00

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 0.00 0.00 0.00 0.00 0.00

JSE:SGP vs BHPBF: Interest Coverage Comparison

For the Other Industrial Metals & Mining subindustry, Sail Mining Group'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.

Sail Mining Group Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Sail Mining Group's Interest Coverage falls into.


Sail Mining Group 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.

Sail Mining Group's Interest Coverage for the fiscal year that ended in Feb. 2021 is calculated as

Here, for the fiscal year that ended in Feb. 2021, Sail Mining Group's Interest Expense was R-70 Mil. Its Operating Income was R-341 Mil. And its Long-Term Debt & Capital Lease Obligation was R395 Mil.

Sail Mining Group did not have earnings to cover the interest expense.

Sail Mining Group's Interest Coverage for the quarter that ended in Aug. 2021 is calculated as

Here, for the six months ended in Aug. 2021, Sail Mining Group's Interest Expense was R-38 Mil. Its Operating Income was R-294 Mil. And its Long-Term Debt & Capital Lease Obligation was R105 Mil.

Sail Mining Group 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
Sail Mining Group (JSE:SGP) has a Interest Coverage of 0 (At Loss) as of Aug. 2021. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Interest Coverage too high?
Sail Mining Group's current Interest Coverage is 0 (At Loss).
How does Sail Mining Group's Interest Coverage compare to BHPBF?
Sail Mining Group's Interest Coverage of 0 (At Loss) 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 1,317 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 Sail Mining Group 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. Sail Mining Group's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). 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 Sail Mining Group (JSE:SGP), the current Interest Coverage is 0 (At Loss) as of Aug. 2021. 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.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.