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Gruvaktiebolaget Viscaria (OSTO:VISC) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Gruvaktiebolaget Viscaria 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. Gruvaktiebolaget Viscaria's Operating Income for the three months ended in Mar. 2024 was kr-11.40 Mil. Gruvaktiebolaget Viscaria's Interest Expense for the three months ended in Mar. 2024 was kr-0.10 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 Gruvaktiebolaget Viscaria's Interest Coverage or its related term are showing as below:


OSTO:VISC'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.


Gruvaktiebolaget Viscaria Interest Coverage Historical Data

The historical data trend for Gruvaktiebolaget Viscaria'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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Gruvaktiebolaget Viscaria Interest Coverage Chart

Gruvaktiebolaget Viscaria Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Gruvaktiebolaget Viscaria Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Gruvaktiebolaget Viscaria's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Gruvaktiebolaget Viscaria'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.


Gruvaktiebolaget Viscaria's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gruvaktiebolaget Viscaria's Interest Coverage falls into.



Gruvaktiebolaget Viscaria 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.

Gruvaktiebolaget Viscaria'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, Gruvaktiebolaget Viscaria's Interest Expense was kr-2.20 Mil. Its Operating Income was kr-42.90 Mil. And its Long-Term Debt & Capital Lease Obligation was kr17.70 Mil.

Gruvaktiebolaget Viscaria did not have earnings to cover the interest expense.

Gruvaktiebolaget Viscaria's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Gruvaktiebolaget Viscaria's Interest Expense was kr-0.10 Mil. Its Operating Income was kr-11.40 Mil. And its Long-Term Debt & Capital Lease Obligation was kr17.50 Mil.

Gruvaktiebolaget Viscaria 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.


Gruvaktiebolaget Viscaria  (OSTO:VISC) 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 .


Gruvaktiebolaget Viscaria Interest Coverage Related Terms

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


Gruvaktiebolaget Viscaria (OSTO:VISC) Business Description

Traded in Other Exchanges
Address
Verkstadsvagen 52, Kopparberg, SWE, 714 36
Copperstone Resources AB is a Sweden-based exploration and mining company in the Industrial Metals and Mining division. It is primarily focused on developing the Viscaria copper mine in the region of Kiruna in northern Sweden. The company explores for copper, gold, zink, lead, and other minerals. It also holds interests in projects in Arvidsjaur (Eva, Svartliden, Granliden) and in Smedjebacken (Tvistbo), all located in the northern Sweden.

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