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Sprott Physical Uranium Trust (TSX:U.UN) Interest Coverage : No Debt (1) (As of Dec. 2022)


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Sprott Physical Uranium Trust Interest Coverage Definition

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. Sprott Physical Uranium Trust's Operating Income for the six months ended in Dec. 2022 was C$-16.11 Mil. Sprott Physical Uranium Trust's Interest Expense for the six months ended in Dec. 2022 was C$0.00 Mil. Sprott Physical Uranium Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Sprott Physical Uranium Trust 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 Sprott Physical Uranium Trust's Interest Coverage or its related term are showing as below:

TSX:U.UN' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


TSX:U.UN's Interest Coverage is ranked better than
99.22% of 129 companies
in the Other Energy Sources industry
Industry Median: 21.02 vs TSX:U.UN: 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.


Sprott Physical Uranium Trust Interest Coverage Historical Data

The historical data trend for Sprott Physical Uranium Trust'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.

Sprott Physical Uranium Trust Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Sprott Physical Uranium Trust Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Jun22 Dec22 Dec23
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison

For the Uranium subindustry, Sprott Physical Uranium Trust'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.


Sprott Physical Uranium Trust Interest Coverage Distribution

For the Other Energy Sources industry and Energy sector, Sprott Physical Uranium Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sprott Physical Uranium Trust's Interest Coverage falls into.



Sprott Physical Uranium Trust 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.

Sprott Physical Uranium Trust'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, Sprott Physical Uranium Trust's Interest Expense was C$0.00 Mil. Its Operating Income was C$-38.72 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Sprott Physical Uranium Trust had no debt (1).

Sprott Physical Uranium Trust's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Sprott Physical Uranium Trust's Interest Expense was C$0.00 Mil. Its Operating Income was C$-16.11 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Sprott Physical Uranium Trust had no debt (1).

* 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.


Sprott Physical Uranium Trust  (TSX:U.UN) 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 .


Sprott Physical Uranium Trust Interest Coverage Related Terms

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


Sprott Physical Uranium Trust (TSX:U.UN) Business Description

Traded in Other Exchanges
Address
200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, ON, CAN, M5J 2J1
Sprott Physical Uranium Trust is an investment company managed by Denison Mines Inc. Its primary interest lies in investing in Uranium based assets, including uranium oxide and uranium hexafluoride. The company stores its uranium deposits at uranium conversion facilities.

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