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Wilton Resources (SGX:5F7) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is Wilton Resources 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. Wilton Resources's Operating Income for the six months ended in Jun. 2024 was S$-2.78 Mil. Wilton Resources's Interest Expense for the six months ended in Jun. 2024 was S$-1.37 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 Wilton Resources's Interest Coverage or its related term are showing as below:


SGX:5F7'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.


Wilton Resources Interest Coverage Historical Data

The historical data trend for Wilton 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.

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Wilton Resources Interest Coverage Chart

Wilton Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Wilton Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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Competitive Comparison of Wilton Resources's Interest Coverage

For the Gold subindustry, Wilton 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.


Wilton Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

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


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Wilton 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.

Wilton Resources'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, Wilton Resources's Interest Expense was S$-11.71 Mil. Its Operating Income was S$-6.40 Mil. And its Long-Term Debt & Capital Lease Obligation was S$25.13 Mil.

Wilton Resources did not have earnings to cover the interest expense.

Wilton Resources's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Wilton Resources's Interest Expense was S$-1.37 Mil. Its Operating Income was S$-2.78 Mil. And its Long-Term Debt & Capital Lease Obligation was S$27.05 Mil.

Wilton Resources 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.


Wilton Resources  (SGX:5F7) 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 .


Wilton Resources Interest Coverage Related Terms

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


Wilton Resources Business Description

Traded in Other Exchanges
N/A
Address
62 Ubi Road 1, No. 09-14 Oxley Bizhub 2, Singapore, SGP, 408734
Wilton Resources Corp Ltd together with its subsidiaries is engaged in the business of exploration and mining of gold, and production of gold ore. It holds interests in the Ciemas gold project located in the West Java province of Indonesia. It is also engaged in general trading, transportation, construction, real estate, logging, farming, plantation, forestry, electrical, mechanical, computer, workshop, and printing and services businesses. Geographically its presence can be seen in Singapore and Indonesia regions.

Wilton Resources Headlines

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