E-Tech Resources (TSXV:REE) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is E-Tech 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. E-Tech Resources's Operating Income for the three months ended in Dec. 2023 was C$-0.17 Mil. E-Tech Resources's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. E-Tech Resources has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

E-Tech Resources Inc 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 E-Tech Resources's Interest Coverage or its related term are showing as below:

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

TSXV:REE's Interest Coverage is ranked better than
99.85% of 1335 companies
in the Metals & Mining industry
Industry Median: No Debt vs TSXV:REE: 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.

E-Tech Resources Interest Coverage Historical Data

The historical data trend for E-Tech 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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E-Tech Resources Interest Coverage Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

Interest Coverage

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No Debt

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of E-Tech Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, E-Tech 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.

E-Tech Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where E-Tech Resources's Interest Coverage falls into.

E-Tech 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.

E-Tech Resources's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, E-Tech Resources's Interest Expense was C$0.00 Mil. Its Operating Income was C$-1.14 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

E-Tech Resources had no debt ⁽¹⁾.

E-Tech Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, E-Tech Resources's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

E-Tech Resources had no debt ⁽¹⁾.

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

E-Tech Resources (TSXV:REE) 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 .

E-Tech Resources Interest Coverage Related Terms

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