LCKYF (Golden Sky Minerals) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Golden Sky Minerals 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. Golden Sky Minerals's Operating Income for the three months ended in Sep. 2024 was $-0.07 Mil. Golden Sky Minerals's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Golden Sky Minerals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Golden Sky Minerals 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 Golden Sky Minerals's Interest Coverage or its related term are showing as below:

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

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

Golden Sky Minerals Interest Coverage Historical Data

The historical data trend for Golden Sky Minerals'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.

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Golden Sky Minerals Interest Coverage Chart

Golden Sky Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Golden Sky Minerals Quarterly Data
	Dec19	Mar20	Jun20	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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Golden Sky Minerals's Interest Coverage

For the Gold subindustry, Golden Sky Minerals'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 Sky Minerals's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Sky Minerals's Interest Coverage falls into.

Golden Sky Minerals 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 Sky Minerals's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Golden Sky Minerals's Interest Expense was $0.00 Mil. Its Operating Income was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Golden Sky Minerals had no debt ⁽¹⁾.

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

Here, for the three months ended in Sep. 2024, Golden Sky Minerals's Interest Expense was $0.00 Mil. Its Operating Income was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Golden Sky Minerals had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Golden Sky Minerals (OTCPK:LCKYF) 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 Sky Minerals Interest Coverage Related Terms

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Golden Sky Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Sky Minerals Corp (OTCPK:LCKYF) » Definitions » Interest Coverage

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AUEN:Canada

Address

2110 - 650 W Georgia Street, Vancouver, BC, CAN, V6B 4N9

Website

https://www.goldenskyminerals.com

Golden Sky Minerals Corp is a junior exploration company. It is focused on the discovery of new precious metal and copper projects through systematic exploration in metal endowed terranes, located in tier one mining jurisdictions. The company's main focus is developing its portfolio of projects to resource stage. The drill ready projects include Hotspot, Bullseye, and Luckystrike, all in the Yukon. In addition, the Rayfield Copper Gold Project in southern British Columbia, and the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, adds to the company's building a substantial early-stage project pipeline in Canada.