Galleon Gold (Galleon Gold) Interest Coverage : 0 (At Loss) (As of Feb. 2024)

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What is Galleon Gold 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. Galleon Gold's Operating Income for the three months ended in Feb. 2024 was $-0.54 Mil. Galleon Gold's Interest Expense for the three months ended in Feb. 2024 was $-0.03 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 Galleon Gold's Interest Coverage or its related term are showing as below:

PNCKF'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.

Galleon Gold Interest Coverage Historical Data

The historical data trend for Galleon Gold'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.

Galleon Gold Interest Coverage Chart

Galleon Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Coverage

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Galleon Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	-	-	-

Competitive Comparison of Galleon Gold's Interest Coverage

For the Gold subindustry, Galleon Gold'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.

Galleon Gold's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Galleon Gold's Interest Coverage falls into.

Galleon Gold 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.

Galleon Gold's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Galleon Gold's Interest Expense was $-0.24 Mil. Its Operating Income was $-1.61 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Galleon Gold did not have earnings to cover the interest expense.

Galleon Gold's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Galleon Gold's Interest Expense was $-0.03 Mil. Its Operating Income was $-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Galleon Gold did not have earnings to cover the interest expense.

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

Galleon Gold (OTCPK:PNCKF) 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 .

Galleon Gold Interest Coverage Related Terms

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

Galleon Gold (Galleon Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galleon Gold Corp (OTCPK:PNCKF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3H90:Germany GGO:Canada

Address

161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.galleongold.com

Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.

Executives

J Jay Jaski	director, officer: Chairman, CEO	95 WELLINGTON STREET W SUITE 900, PO BOX 28, TORONTO A6 M5J 2N7
Harry Jeffrey Blum	director	20 EGLINTON AVE W STE 2100, PO BOX 2014, TORONTO A6 M4R 1K8
William Stearns Vaughan	director	5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
James A Richardson	officer: Chief Financial Officer	228 WALMER ROAD, TORONTO A6 M5R 3R7
Hull Consulting Services Ltd.	officer: Chief Operation Officer	5511 WICKLOW DRIVE, OTTAWA A6 K4M 1C4
David Robert Mcpherson	director	75 OCTOBER DRIVE, ST CATHERINES A6 Z2N 6J4
Robert David Russell	director	5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
Rodney Alan Blakestad	director	1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Gerald G Carlson	director
Robert Angrisano	director, 10 percent owner, officer: President
Monty D Moore	director, 10 percent owner, officer: Chairman & CEO
Edward H Waale	director
Michael W Sharon	director
Stuart Havenstrite	director	8111 MASO DRIVE, SANDY UT 84093
Nevada Star Resource Corp	director	161 BAY STREET, 27TH FLOOR, PO BOX 508, TORONTO A6 M5J 2S1

Galleon Gold (Galleon Gold) Headlines

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