Texas Mineral Resources (Texas Mineral Resources) Interest Coverage : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Texas Mineral Resources 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. Texas Mineral Resources's Operating Income for the three months ended in Feb. 2024 was $-0.24 Mil. Texas Mineral Resources's Interest Expense for the three months ended in Feb. 2024 was $0.00 Mil. Texas Mineral Resources has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Texas Mineral Resources 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 Texas Mineral Resources's Interest Coverage or its related term are showing as below:

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

TMRC's Interest Coverage is ranked better than
99.78% of 1345 companies
in the Metals & Mining industry
Industry Median: No Debt vs TMRC: 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.

Texas Mineral Resources Interest Coverage Historical Data

The historical data trend for Texas Mineral Resources'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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Texas Mineral Resources Interest Coverage Chart

Texas Mineral Resources Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Coverage

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No Debt

Texas Mineral Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Texas Mineral Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Texas Mineral Resources'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.

Texas Mineral Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Texas Mineral Resources's Interest Coverage falls into.

Texas Mineral Resources 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.

Texas Mineral Resources's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Texas Mineral Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-2.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Texas Mineral Resources had no debt ⁽¹⁾.

Texas Mineral Resources's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Texas Mineral Resources's Interest Expense was $0.00 Mil. Its Operating Income was $-0.24 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Texas Mineral Resources had no debt ⁽¹⁾.

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

Texas Mineral Resources (OTCPK:TMRC) 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 .

Texas Mineral Resources Interest Coverage Related Terms

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

Texas Mineral Resources (Texas Mineral Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Texas Mineral Resources Corp (OTCPK:TMRC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

539 El Paso Street, Sierra Blanca, TX, USA, 79851

Website

https://www.tmrcorp.com

Texas Mineral Resources Corp is an exploration-stage mining company. It is predominantly engaged in the business of acquisition, exploration, and development of mineral properties. The group focuses on the development of a metallurgical process to concentrate or otherwise extract the metals from the Round Top Projects. Its flagship property includes the Round Top rare earths-uranium-beryllium project covering approximately 900 acres in Hudspeth County, Texas; and prospecting permits covering 9,345 acres adjacent to the Round Top project.

Executives

Cecil C Wall	director	3 RIVERWAY, STE. 1800, HOUSTON TX 77056
Anthony G. Marchese	director	15 BADEAU AVENUE, SUMMIT X1 07901
Lavern K Lund	director	5875 LANDERBROOK DRIVE, SUITE 220, CLEVELAND OH 44124
Clark Moseley	director	PO BOX 2466, SIOUX FALLS SD 57101
Kevin A. Francis	director	553 SAGE CIRCLE, HIGHLANDS RANCH CO 80126
Peter Jr. Denetclaw	director	6040 SANTA CLARA DR, FARMINGTON NM 87402
Chris Mathers	officer: CFO	7 COPANA PT., ROCKPORT TX 78382
Daniel E Gorski	director, officer: Chief Executive Officer	7 COPANO PT. RD., ROCKPORT TX 78382
Nicholas Pingitore	director	C/O TEXAS RARE EARTH RESOURCES CORP., 304 INVERNESS WAY SOUTH, SUITE 365, ENGLEWOOD CO 80112
Sc Fundamental Llc	director	747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Navajo Transitional Energy Company, Llc	10 percent owner	PO BOX 11, FARMINGTON NM 87499
Edward A Collery	other: Member of 10% owner group	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Sc Fundamental Llc Employee Savings & Profit Sharing Plan	10 percent owner	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Peter M Collery	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017
Neil H Koffler	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017