GreenRoc Strategic Materials (LSE:GROC) Interest Coverage : 0 (At Loss) (As of Nov. 2024)

View and export this data going back to 2021. Start your Free Trial

What is GreenRoc Strategic Materials 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. GreenRoc Strategic Materials's Operating Income for the six months ended in Nov. 2024 was £-0.43 Mil. GreenRoc Strategic Materials's Interest Expense for the six months ended in Nov. 2024 was £0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

GreenRoc Strategic Materials PLC 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 GreenRoc Strategic Materials's Interest Coverage or its related term are showing as below:

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

LSE:GROC's Interest Coverage is ranked better than
99.77% of 1324 companies
in the Metals & Mining industry
Industry Median: No Debt vs LSE:GROC: 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.

GreenRoc Strategic Materials Interest Coverage Historical Data

The historical data trend for GreenRoc Strategic Materials'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.

GreenRoc Strategic Materials Interest Coverage Chart

GreenRoc Strategic Materials Annual Data

Trend

Nov21

Nov22

Nov23

Nov24

Interest Coverage

No Debt

GreenRoc Strategic Materials Semi-Annual Data
	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Interest Coverage	Get a 7-Day Free Trial			No Debt	-	-	-	-

Competitive Comparison of GreenRoc Strategic Materials's Interest Coverage

For the Other Industrial Metals & Mining subindustry, GreenRoc Strategic Materials'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.

GreenRoc Strategic Materials's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GreenRoc Strategic Materials's Interest Coverage falls into.

Save Embed

;

Save Embed

;

GreenRoc Strategic Materials 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.

GreenRoc Strategic Materials's Interest Coverage for the fiscal year that ended in Nov. 2024 is calculated as

Here, for the fiscal year that ended in Nov. 2024, GreenRoc Strategic Materials's Interest Expense was £0.00 Mil. Its Operating Income was £-0.83 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

GreenRoc Strategic Materials had no debt ⁽¹⁾.

GreenRoc Strategic Materials's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Here, for the six months ended in Nov. 2024, GreenRoc Strategic Materials's Interest Expense was £0.00 Mil. Its Operating Income was £-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

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

GreenRoc Strategic Materials (LSE:GROC) 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 .

GreenRoc Strategic Materials Interest Coverage Related Terms

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

GreenRoc Strategic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GreenRoc Strategic Materials PLC (LSE:GROC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3WF:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.greenrocplc.com

GreenRoc Strategic Materials PLC operates as a mining company. The Company's principal activities are the development of mining and exploration interests in Greenland, where its subsidiaries hold three separate exploration permits. The projects of the company include the Thule Black Sands Ilmenite Project, the Graphite Anode Material project, and the Amitsoq Graphite Project located in Greenland.

GreenRoc Strategic Materials Headlines

No Headlines