Mining Investments Resources (LSE:MIR) Interest Coverage: No Debt (1) (As of Dec. 2013) — 100% Below Median


What is Mining Investments Resources Interest Coverage?

Mining Investments Resources LSE:MIR Interest Coverage is No Debt (1) as of Dec. 2013, which is 100% below its 10-year median of 10,000.00. The stock has 2 warning signs investors should review.

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. Mining Investments Resources's Operating Income for the six months ended in Dec. 2013 was £-0.23 Mil. Mining Investments Resources's Interest Expense for the six months ended in Dec. 2013 was £0.00 Mil. Mining Investments Resources has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Mining Investments Resources 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 Mining Investments Resources's Interest Coverage or its related term are showing as below:

LSE:MIR' s Interest Coverage Range Over the Past 10 Years
Min: 0.8   Med: No Debt   Max: No Debt
Current: No Debt

LSE:MIR's Interest Coverage is not ranked
in the Conglomerates industry.
Industry Median: 5.31 vs LSE:MIR: 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.

Mining Investments Resources  (LSE:MIR) 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 .

Mining Investments Resources Interest Coverage Related Terms

Mining Investments Resources Interest Coverage Historical Data

* Premium members only.

The historical data trend for Mining Investments Resources'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.

Mining Investments Resources Interest Coverage Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 No Debt No Debt No Debt No Debt

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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 No Debt No Debt

Mining Investments Resources Interest Coverage Competitor Comparison

For the Conglomerates subindustry, Mining Investments Resources'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.

Mining Investments Resources Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mining Investments Resources's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mining Investments Resources's Interest Coverage falls into.


Mining Investments Resources 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.

Mining Investments Resources's Interest Coverage for the fiscal year that ended in Jun. 2013 is calculated as

Here, for the fiscal year that ended in Jun. 2013, Mining Investments Resources's Interest Expense was £0.00 Mil. Its Operating Income was £-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Mining Investments Resources had no debt (1).

Mining Investments Resources's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Here, for the six months ended in Dec. 2013, Mining Investments Resources's Interest Expense was £0.00 Mil. Its Operating Income was £-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Mining Investments Resources had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
Mining Investments Resources (LSE:MIR) has a Interest Coverage of No Debt (1) as of Dec. 2013. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mining Investments Resources and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Mining Investments Resources' Interest Coverage has ranged from 0.80 to 10,000.00.
Is Mining Investments Resources' Interest Coverage too high?
Mining Investments Resources' current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 10,000.00.
How does Mining Investments Resources' Interest Coverage compare to competitors?
Mining Investments Resources' Interest Coverage of No Debt (1) can be compared against companies in the Conglomerates industry. The industry median Interest Coverage is 5.31. Historically, Mining Investments Resources' own Interest Coverage has ranged from 0.80 to 10,000.00 over the past decade. 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.31, based on 426 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 Mining Investments Resources and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. 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 Mining Investments Resources (LSE:MIR), the current Interest Coverage is No Debt (1) as of Dec. 2013. 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.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.