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TWRFF (Tower Resources) Interest Coverage : No Debt (1) (As of Jul. 2024)


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What is Tower 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. Tower Resources's Operating Income for the three months ended in Jul. 2024 was $-0.09 Mil. Tower Resources's Interest Expense for the three months ended in Jul. 2024 was $0.00 Mil. Tower Resources has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Tower Resources Ltd 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 Tower Resources's Interest Coverage or its related term are showing as below:

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


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


Tower Resources Interest Coverage Historical Data

The historical data trend for Tower 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.

* Premium members only.

Tower Resources Interest Coverage Chart

Tower Resources Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Tower Resources Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Tower Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Tower 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.


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

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

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



Tower 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.

Tower Resources's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, Tower Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Tower Resources had no debt (1).

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

Here, for the three months ended in Jul. 2024, Tower Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Tower Resources 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.


Tower Resources  (OTCPK:TWRFF) 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 .


Tower Resources Interest Coverage Related Terms

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


Tower Resources Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7
Tower Resources Ltd is a mineral exploration company engaged in the acquisition and exploration of exploration and evaluation assets domiciled in Canada. Geographically, it operates only in Canada. Its project portfolio includes Rabbit North; Nechako Gold and More Creek.

Tower Resources Headlines

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