GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mogotes metals Inc (STU:OY4) » Definitions » Interest Coverage

Mogotes metals (STU:OY4) Interest Coverage : No Debt (1) (As of Aug. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Mogotes metals 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. Mogotes metals's Operating Income for the three months ended in Aug. 2024 was €-0.85 Mil. Mogotes metals's Interest Expense for the three months ended in Aug. 2024 was €0.00 Mil. Mogotes metals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Mogotes metals Inc has no debt.

(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 Mogotes metals's Interest Coverage or its related term are showing as below:

STU:OY4' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

STU:OY4's Interest Coverage is ranked better than
99.93% of 1335 companies
in the Metals & Mining industry
Industry Median: No Debt vs STU:OY4: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mogotes metals Interest Coverage Historical Data

The historical data trend for Mogotes metals'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.

Mogotes metals Interest Coverage Chart

Mogotes metals Annual Data
Trend Nov22 Nov23
Interest Coverage
No Debt No Debt

Mogotes metals Quarterly Data
Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Mogotes metals's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Mogotes metals'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.

Mogotes metals's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mogotes metals's Interest Coverage falls into.


Mogotes metals 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.

Mogotes metals'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, Mogotes metals's Interest Expense was €0.00 Mil. Its Operating Income was €-7.29 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Mogotes metals had no debt (1).

Mogotes metals's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Here, for the three months ended in Aug. 2024, Mogotes metals's Interest Expense was €0.00 Mil. Its Operating Income was €-0.85 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Mogotes metals 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.

Mogotes metals  (STU:OY4) 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 .

Mogotes metals Interest Coverage Related Terms

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

Mogotes metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mogotes metals Inc (STU:OY4) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
MOG:Canada
Address
217 Quen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Website
https://www.mogotesmetals.com
Mogotes metals Inc is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties in Argentina and Chile. Currently, the business objective of the Company is to identify a mineral resource deposit at the Filo Sur Project. The Company's principal property is the Filo Sur Project. The Filo Sur Project consists of 14 claims totaling 8,118 hectares located on the eastern flank of the Andes Cordillera, 350 kilometers northwest of the city of San Juan, San Juan Province and seven licenses totaling approximately 130 hectares located in Chile. The Filo Sur Project is adjacent to the international border between Chile and Argentina and the Atacama region in Northern Chile.

Mogotes metals Headlines

No Headlines