Idaho Copper (Idaho Copper) Interest Coverage : 0 (At Loss) (As of Jan. 2024)

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What is Idaho Copper 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. Idaho Copper's Operating Income for the three months ended in Jan. 2024 was $-1.77 Mil. Idaho Copper's Interest Expense for the three months ended in Jan. 2024 was $-0.14 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 Idaho Copper's Interest Coverage or its related term are showing as below:

COPR'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.

Idaho Copper Interest Coverage Historical Data

The historical data trend for Idaho Copper'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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Idaho Copper Interest Coverage Chart

Idaho Copper Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Jan23

Interest Coverage

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No Debt

Idaho Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial															No Debt	-	-	-	-

Competitive Comparison of Idaho Copper's Interest Coverage

For the Copper subindustry, Idaho Copper'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.

Idaho Copper's Interest Coverage Distribution in the Metals & Mining Industry

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

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

Idaho Copper 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.

Idaho Copper's Interest Coverage for the fiscal year that ended in Jan. 2023 is calculated as

Here, for the fiscal year that ended in Jan. 2023, Idaho Copper's Interest Expense was $-0.34 Mil. Its Operating Income was $-4.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.35 Mil.

Idaho Copper did not have earnings to cover the interest expense.

Idaho Copper's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Idaho Copper's Interest Expense was $-0.14 Mil. Its Operating Income was $-1.77 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.76 Mil.

Idaho Copper did not have earnings to cover the interest expense.

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

Idaho Copper (OTCPK:COPR) 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 .

Idaho Copper Interest Coverage Related Terms

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