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PAANF (Pan American Energy) Interest Coverage : No Debt (1) (As of Dec. 2024)


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What is Pan American Energy 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. Pan American Energy's Operating Income for the three months ended in Dec. 2024 was $-0.11 Mil. Pan American Energy's Interest Expense for the three months ended in Dec. 2024 was $0.00 Mil. Pan American Energy has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Pan American Energy's Interest Coverage or its related term are showing as below:


PAANF'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.


Pan American Energy Interest Coverage Historical Data

The historical data trend for Pan American Energy'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.

Pan American Energy Interest Coverage Chart

Pan American Energy Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - No Debt - -

Pan American Energy Quarterly Data
Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Apr21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Dec24
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

Competitive Comparison of Pan American Energy's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Pan American Energy'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.


Pan American Energy's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pan American Energy's Interest Coverage falls into.


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Pan American Energy 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.

Pan American Energy's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Pan American Energy's Interest Expense was $-0.08 Mil. Its Operating Income was $-4.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.14 Mil.

Pan American Energy did not have earnings to cover the interest expense.

Pan American Energy's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Pan American Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Pan American Energy 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.


Pan American Energy  (OTCPK:PAANF) 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 .


Pan American Energy Interest Coverage Related Terms

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


Pan American Energy Business Description

Traded in Other Exchanges
Address
505 3rd Avenue SW, Suite 610, Calgary, AB, CAN, T2P 3E6
Pan American Energy Corp is a North American mining exploration company engaged in the business of expanding the boundaries of the lithium supply chain through the acquisition, exploration and development of mineral properties. The company has a diversified asset base in Canada and the USA including hard rock lithium (Ontario) and claystone lithium (Nevada).

Pan American Energy Headlines

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