Tertiary Minerals (LSE:TYM) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

Tertiary Minerals Interest Coverage Chart

Tertiary Minerals Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Interest Coverage		Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Tertiary Minerals Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Tertiary Minerals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Tertiary 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.

Tertiary Minerals's Interest Coverage Distribution in the Metals & Mining Industry

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

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

Tertiary 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

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.

Tertiary Minerals's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Tertiary Minerals'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.

Tertiary Minerals's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Tertiary Minerals's Interest Expense was £0.00 Mil. Its Operating Income was £-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 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.

Tertiary Minerals  (LSE:TYM) 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 .

Tertiary Minerals Interest Coverage Related Terms

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Tertiary Minerals (LSE:TYM) Business Description