Ultra Lithium (TSXV:ULT) Interest Coverage: 0 (At Loss) (As of Jul. 2025)


What is Ultra Lithium Interest Coverage?

Ultra Lithium TSXV:ULT Interest Coverage is 0 (At Loss) as of Jul. 2025. The stock has 4 warning signs investors should review. Among 1,317 Metals & Mining companies, Ultra Lithium ranks worse than 75930.07% on this metric.

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. Ultra Lithium's Operating Income for the three months ended in Jul. 2025 was C$-0.23 Mil. Ultra Lithium's Interest Expense for the three months ended in Jul. 2025 was C$-0.01 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 Ultra Lithium's Interest Coverage or its related term are showing as below:


TSXV:ULT'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.

Ultra Lithium  (TSXV:ULT) 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 .

Ultra Lithium Interest Coverage Related Terms

Ultra Lithium Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ultra Lithium'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.

Ultra Lithium Interest Coverage Chart

Ultra Lithium Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Ultra Lithium Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
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 Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSXV:ULT vs FUST, LBRMF, ENRT: Interest Coverage Comparison

For the Other Industrial Metals & Mining subindustry, Ultra Lithium'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.

Ultra Lithium Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Ultra Lithium's Interest Coverage falls into.


Ultra Lithium 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.

Ultra Lithium's Interest Coverage for the fiscal year that ended in Oct. 2024 is calculated as

Here, for the fiscal year that ended in Oct. 2024, Ultra Lithium's Interest Expense was C$-0.10 Mil. Its Operating Income was C$-1.15 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Ultra Lithium did not have earnings to cover the interest expense.

Ultra Lithium's Interest Coverage for the quarter that ended in Jul. 2025 is calculated as

Here, for the three months ended in Jul. 2025, Ultra Lithium's Interest Expense was C$-0.01 Mil. Its Operating Income was C$-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Ultra Lithium 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
Ultra Lithium (TSXV:ULT) has a Interest Coverage of 0 (At Loss) as of Jul. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ultra Lithium and its competitors. According to the industry distribution chart, Ultra Lithium ranks #999999 out of 1317 companies in the Metals & Mining industry.
Is Ultra Lithium's Interest Coverage too high?
Ultra Lithium's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Ultra Lithium ranks #999999 out of 1317 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Ultra Lithium's Interest Coverage compare to FUST and LBRMF?
According to the Metals & Mining industry distribution chart, Ultra Lithium ranks #999999 out of 1317 companies for Interest Coverage. This places Ultra Lithium in the lower half of its industry. The industry median Interest Coverage is 10,000.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ultra Lithium and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultra Lithium's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultra Lithium stock overvalued right now?
Ultra Lithium (TSXV:ULT) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ultra Lithium (TSXV:ULT), the current Interest Coverage is 0 (At Loss) as of Jul. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ultra Lithium Business Description

Other Exchanges ULTXF:USA
Address 1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
Ultra Lithium Inc is engaged in the acquisition, exploration, and evaluation of assets. The properties in which the company currently has an interest are in the exploration stage. The geographical segments of the group are Canada, the United States, and Argentina. Some of its properties are Georgia Lake, Forgan Lake, Antofagasta, and La Rioja, La Borita, Antigua, Cordoba, and Others.