Inca One Gold (XSGO:IOCL) Interest Coverage: 0.91 (As of Jan. 2024)


What is Inca One Gold Interest Coverage?

Inca One Gold XSGO:IOCL 31 Interest Coverage is 0.91 as of Jan. 2024. GuruFocus rates XSGO:IOCL with a GF Score™ of 31/100. The stock has 6 warning signs investors should review.

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. Inca One Gold's Operating Income for the three months ended in Jan. 2024 was CLP278.50 Mil. Inca One Gold's Interest Expense for the three months ended in Jan. 2024 was CLP-305.81 Mil. Inca One Gold's interest coverage for the quarter that ended in Jan. 2024 was 0.91. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Inca One Gold's Interest Coverage or its related term are showing as below:


XSGO:IOCL'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.

Inca One Gold  (XSGO:IOCL) 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 .

Inca One Gold Interest Coverage Related Terms

Inca One Gold Interest Coverage Historical Data

* Premium members only.

The historical data trend for Inca One Gold'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.

Inca One Gold Interest Coverage Chart

Inca One Gold Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Inca One Gold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.30 0.00 0.04 0.00 0.91

XSGO:IOCL vs NEM: Interest Coverage Comparison

For the Gold subindustry, Inca One Gold'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.

Inca One Gold Interest Coverage vs Metals & Mining Industry

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

* The bar in red indicates where Inca One Gold's Interest Coverage falls into.


Inca One Gold 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.

Inca One Gold's Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Inca One Gold's Interest Expense was CLP-689.87 Mil. Its Operating Income was CLP-691.48 Mil. And its Long-Term Debt & Capital Lease Obligation was CLP840.40 Mil.

Inca One Gold did not have earnings to cover the interest expense.

Inca One Gold's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Inca One Gold's Interest Expense was CLP-305.81 Mil. Its Operating Income was CLP278.50 Mil. And its Long-Term Debt & Capital Lease Obligation was CLP1,614.59 Mil.

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*278.503/-305.807
=0.91

* 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 0.91 mean?
Inca One Gold (XSGO:IOCL) has a Interest Coverage of 0.91 as of Jan. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Inca One Gold and its competitors.
Is Inca One Gold's Interest Coverage too high?
Inca One Gold's current Interest Coverage is 0.91. The Metals & Mining industry median Interest Coverage is 10,000.00. Inca One Gold's value of 0.91 is 100% below this industry median. Overall, Inca One Gold has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Inca One Gold's Interest Coverage compare to NEM?
Inca One Gold's Interest Coverage of 0.91 can be compared against companies in the Metals & Mining industry. The industry median Interest Coverage is 10,000.00. Inca One Gold's value of 0.91 is 100% below this benchmark. 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 1,313 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. Inca One Gold's current Interest Coverage of 0.91 is 100% below the industry median. 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 Inca One Gold 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. Inca One Gold's current Interest Coverage is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inca One Gold stock overvalued right now?
Inca One Gold (XSGO:IOCL) has a current Interest Coverage of 0.91. The current Interest Coverage is 0.91 and 100% below the Metals & Mining industry median of 10,000.00. Inca One Gold's overall GF Score™ is 31/100 with 6 warning signs to review. 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 Inca One Gold (XSGO:IOCL), the current Interest Coverage is 0.91 as of Jan. 2024. 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.

Inca One Gold Business Description

Address 1140 West Pender Street, Suite 850, Vancouver, BC, CAN, V6E 4G1
Inca One Gold Corp is a mineral resource company and mineral processing company. It is engaged in the business of developing gold-bearing mineral processing operations in Peru. Its activities consist of the production of gold and silver from the processing of purchased minerals. It provides its service basically to small-scale miners. It's Chala One milling facility located in Chala, Southern Peru. The Koricancha ore processing facility located in Peru. The company operates through a gold milling facility and generates revenue from the same.