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First Lithium Minerals (XCNQ:FLM) Interest Coverage : No Debt (1) (As of Mar. 2025)


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What is First Lithium Minerals 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. First Lithium Minerals's Operating Income for the three months ended in Mar. 2025 was C$-0.27 Mil. First Lithium Minerals's Interest Expense for the three months ended in Mar. 2025 was C$0.00 Mil. First Lithium Minerals has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

First Lithium Minerals Corp 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 First Lithium Minerals's Interest Coverage or its related term are showing as below:

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


XCNQ:FLM's Interest Coverage is ranked better than
99.77% of 1320 companies
in the Metals & Mining industry
Industry Median: No Debt vs XCNQ:FLM: 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.


First Lithium Minerals Interest Coverage Historical Data

The historical data trend for First Lithium Minerals'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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First Lithium Minerals Interest Coverage Chart

First Lithium Minerals Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Interest Coverage
- - No Debt No Debt

First Lithium Minerals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of First Lithium Minerals's Interest Coverage

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


First Lithium Minerals's Interest Coverage Distribution in the Metals & Mining Industry

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

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


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First Lithium Minerals 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.

First Lithium Minerals's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, First Lithium Minerals's Interest Expense was C$0.00 Mil. Its Operating Income was C$-1.11 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

First Lithium Minerals had no debt (1).

First Lithium Minerals's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, First Lithium Minerals's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

First Lithium Minerals 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.


First Lithium Minerals  (XCNQ:FLM) 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 .


First Lithium Minerals Interest Coverage Related Terms

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


First Lithium Minerals Business Description

Traded in Other Exchanges
N/A
Address
40 King Street West, Scotia Plaza, Suite 2400, P.O. Box 215, Toronto, ON, CAN, M5H 3Y2
First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.
Executives
Robert Saltsman 10% Security Holder, Director, Senior Officer
Peter Edward Espig Director
Ernest Mast Mast Director

First Lithium Minerals Headlines

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