Centamin (Centamin) Interest Coverage

: 41.32 (As of Dec. 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. Centamin's Operating Income for the six months ended in Dec. 2023 was $88.7 Mil. Centamin's Interest Expense for the six months ended in Dec. 2023 was $-2.1 Mil. Centamin's interest coverage for the quarter that ended in Dec. 2023 was 41.32. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Centamin PLC has enough cash to cover all of its debt. Its financial situation is stable.

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

CELTF' s Interest Coverage Range Over the Past 10 Years
Min: 56.13 Med: 312.88 Max: No Debt
Current: 56.17

CELTF's Interest Coverage is ranked worse than
69.49% of 1344 companies
in the Metals & Mining industry
Industry Median: No Debt vs CELTF: 56.17

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Centamin Interest Coverage Historical Data

The historical data trend for Centamin'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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Centamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

278.83

548.84

272.84

67.35

56.14

Centamin Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage																169.07	126.25	45.97	79.19	41.32

Competitive Comparison

For the Gold subindustry, Centamin'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.

Centamin Interest Coverage Distribution

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

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

Centamin 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.

Centamin's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Centamin's Interest Expense was $-3.5 Mil. Its Operating Income was $198.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	197.952	/	-3.526
	=	56.14

Centamin's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Centamin's Interest Expense was $-2.1 Mil. Its Operating Income was $88.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	88.666	/	-2.146
	=	41.32

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

Centamin (OTCPK:CELTF) 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 .

Centamin Interest Coverage Related Terms

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

Centamin (Centamin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centamin PLC (OTCPK:CELTF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CEYl:UK CEY:UK 7CT:Germany CEE:Canada

Address

2 Mulcaster Street, Saint Helier, JEY, JE2 3NJ

Website

https://www.centamin.com

Centamin PLC is a mineral exploration, development, and mining company. It represents three operating segments two in the business of exploration and one in the mining of precious metals. Centamin's primary asset is the Sukari Gold Mine located in southern Egypt, which is jointly owned by the company's subsidiary, Pharaoh Gold Mines NL. Ore is provided from two mining operations: a large-scale open-pit provides the majority of the ore feed, with the remainder from a higher-grade underground mine. The ore is then processed at an on-site plant. The company also owns exploration and development assets in Burkina Faso and Cote d'Ivoire.