Adamera Minerals (Adamera Minerals) Interest Coverage

: 0 (At Loss) (As of Sep. 2023)

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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. Adamera Minerals's Operating Income for the three months ended in Sep. 2023 was $-0.11 Mil. Adamera Minerals's Interest Expense for the three months ended in Sep. 2023 was $-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 Adamera Minerals's Interest Coverage or its related term are showing as below:

DDNFF'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.

Adamera Minerals Interest Coverage Historical Data

The historical data trend for Adamera 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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Adamera Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

No Debt

Adamera Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage																-	-	-	-	-

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Adamera 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.

Adamera Minerals Interest Coverage Distribution

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

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

Adamera 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.

Adamera Minerals's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Adamera Minerals's Interest Expense was $-0.04 Mil. Its Operating Income was $-0.84 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.36 Mil.

Adamera Minerals did not have earnings to cover the interest expense.

Adamera Minerals's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Adamera Minerals's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.20 Mil.

Adamera Minerals did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Adamera Minerals (OTCPK:DDNFF) 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 .

Adamera Minerals Interest Coverage Related Terms

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Adamera Minerals (Adamera Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adamera Minerals Corp (OTCPK:DDNFF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

AQM:Germany ADZ:Canada

Address

1111 Melville Stree, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.adamera.com

Adamera Minerals Corp is a Canadian company engaged in the acquisition and exploration of mineral properties. The company's projects are; the Cooke Mountain Project, Empire Creek Project, Flag hill mine project, talisman historic copper-silver Mine, and Hedley Project - British Columbia.

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