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TGSI (TGS International) Interest Coverage : 0 (At Loss) (As of Sep. 2021)


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What is TGS International 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. TGS International's Operating Income for the three months ended in Sep. 2021 was $-0.28 Mil. TGS International's Interest Expense for the three months ended in Sep. 2021 was $-0.02 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 TGS International's Interest Coverage or its related term are showing as below:


TGSI'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.


TGS International Interest Coverage Historical Data

The historical data trend for TGS International'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.

TGS International Interest Coverage Chart

TGS International Annual Data
Trend Feb17 Feb18 Dec19 Dec20
Interest Coverage
No Debt No Debt - -

TGS International Quarterly Data
Feb17 May17 Aug17 Nov17 Feb18 May18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 - - - - -

Competitive Comparison of TGS International's Interest Coverage

For the Other Industrial Metals & Mining subindustry, TGS International'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.


TGS International's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where TGS International's Interest Coverage falls into.


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TGS International 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.

TGS International's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, TGS International's Interest Expense was $-0.12 Mil. Its Operating Income was $-1.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.15 Mil.

TGS International did not have earnings to cover the interest expense.

TGS International's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, TGS International's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.23 Mil.

TGS International 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.


TGS International  (OTCPK:TGSI) 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 .


TGS International Interest Coverage Related Terms

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


TGS International Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
7-9 Austin Ave, Room 20, 8th Floor, Woon Lee Commercial Building, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Website
TGS International Ltd, along with its subsidiaries, is engaged in the exploration, mining, processing, and sale of fluorite in Mongolia. The company has three mining projects, namely Altan Ovoo, Oosmonskogo 1, and Oosmonskogo 2. Geographically, it operates in the People's Republic of China (including Hong Kong) and Mongolia. It generates revenue from the sales of minerals.

TGS International Headlines

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