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Eagle Graphite (Eagle Graphite) Interest Coverage : 0 (At Loss) (As of Feb. 2022)


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What is Eagle Graphite 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. Eagle Graphite's Operating Income for the three months ended in Feb. 2022 was $-0.10 Mil. Eagle Graphite's Interest Expense for the three months ended in Feb. 2022 was $-0.04 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 Eagle Graphite's Interest Coverage or its related term are showing as below:


APMFF'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.


Eagle Graphite Interest Coverage Historical Data

The historical data trend for Eagle Graphite'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.

Eagle Graphite Interest Coverage Chart

Eagle Graphite Annual Data
Trend Jul12 Jul13 Jul14 May15 May16 May17 May18 May19 May20 May21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.13

Eagle Graphite Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
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 0.62 - - - -

Competitive Comparison of Eagle Graphite's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Eagle Graphite'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.


Eagle Graphite's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Eagle Graphite's Interest Coverage falls into.



Eagle Graphite 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.

Eagle Graphite's Interest Coverage for the fiscal year that ended in May. 2021 is calculated as

Here, for the fiscal year that ended in May. 2021, Eagle Graphite's Interest Expense was $-0.22 Mil. Its Operating Income was $0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.05 Mil.

Interest Coverage=-1* Operating Income (A: May. 2021 )/Interest Expense (A: May. 2021 )
=-1*0.029/-0.219
=0.13

Eagle Graphite's Interest Coverage for the quarter that ended in Feb. 2022 is calculated as

Here, for the three months ended in Feb. 2022, Eagle Graphite's Interest Expense was $-0.04 Mil. Its Operating Income was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.05 Mil.

Eagle Graphite 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.


Eagle Graphite  (OTCPK:APMFF) 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 .


Eagle Graphite Interest Coverage Related Terms

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


Eagle Graphite (Eagle Graphite) Business Description

Traded in Other Exchanges
N/A
Address
82 Richmond Street East, Toronto, ON, CAN, M5J 1P1
Eagle Graphite Inc is a junior exploration-stage company. Principally, the company is engaged in the business of graphite exploration and evaluation in British Columbia, Canada. Its project includes Black crystal project located in the Slocan Valley area of British Columbia, approximately 35 kilometers west of the city of Nelson, and approximately 70 kilometers north of the border to the United States of America. The projects main activities comprise of graphite quarry and processing plant.