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Century Global Commodities (TSX:CNT) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Century Global Commodities 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. Century Global Commodities's Operating Income for the three months ended in Dec. 2024 was C$0.00 Mil. Century Global Commodities's Interest Expense for the three months ended in Dec. 2024 was C$-0.00 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 Century Global Commodities's Interest Coverage or its related term are showing as below:


TSX:CNT's Interest Coverage is not ranked *
in the Retail - Defensive industry.
Industry Median: 8.62
* 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.


Century Global Commodities Interest Coverage Historical Data

The historical data trend for Century Global Commodities'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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Century Global Commodities Interest Coverage Chart

Century Global Commodities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Century Global Commodities Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Century Global Commodities's Interest Coverage

For the Food Distribution subindustry, Century Global Commodities'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.


Century Global Commodities's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Century Global Commodities's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Century Global Commodities's Interest Coverage falls into.


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Century Global Commodities 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.

Century Global Commodities'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, Century Global Commodities's Interest Expense was C$-0.01 Mil. Its Operating Income was C$-1.87 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.09 Mil.

Century Global Commodities did not have earnings to cover the interest expense.

Century Global Commodities's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Century Global Commodities's Interest Expense was C$-0.00 Mil. Its Operating Income was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.05 Mil.

* 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.


Century Global Commodities  (TSX:CNT) 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 .


Century Global Commodities Interest Coverage Related Terms

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


Century Global Commodities Business Description

Traded in Other Exchanges
N/A
Address
Houston Centre, 63 Mody Road, Unit 905-6, 9th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Century Global Commodities Corp is a diversified company primarily engaged in exploration and mining activities with assets in the Provinces of Newfoundland and Labrador, and Quebec, Canada. It also has operations in the distribution of food in China. Its segments include the Mining segment, which engages in the exploration and development of mineral projects in Canada and the investment in global mining securities; the Food segment, which engages in the distribution of food and the provision of food service in Hong Kong and Mainland China; and the Corporate segment, which mainly represents the group's corporate and managerial functions. It derives a majority of its revenue from the Food segment.
Executives
Sandy Chun Kwan Chim Director, Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Century Global Commodities Headlines

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