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Western Star Resources (XCNQ:WSR) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Western Star 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. Western Star Resources's Operating Income for the three months ended in Dec. 2023 was C$-0.08 Mil. Western Star Resources's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Western Star Resources has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Western Star Resources's Interest Coverage or its related term are showing as below:

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


XCNQ:WSR's Interest Coverage is ranked better than
99.78% of 1339 companies
in the Metals & Mining industry
Industry Median: No Debt vs XCNQ:WSR: 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.


Western Star Resources Interest Coverage Historical Data

The historical data trend for Western Star 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.

* Premium members only.

Western Star Resources Interest Coverage Chart

Western Star Resources Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt -

Western Star Resources Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Western Star Resources's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Western Star 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.


Western Star Resources's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Star Resources's Interest Coverage falls into.



Western Star 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.

Western Star Resources'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, Western Star Resources's Interest Expense was C$-0.01 Mil. Its Operating Income was C$-0.56 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Western Star Resources did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Western Star Resources's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Western Star Resources 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.


Western Star Resources  (XCNQ:WSR) 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 .


Western Star Resources Interest Coverage Related Terms

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


Western Star Resources (XCNQ:WSR) Business Description

Traded in Other Exchanges
Address
8988 Fraserton Court, Unit 114B, Burnaby, BC, CAN, V5J 5H8
Website
Western Star Resources Inc is a mineral exploration and development company. Its activities consist of acquiring, exploring, developing, and operating mining properties.
Executives
Blake Morgan Senior Officer

Western Star Resources (XCNQ:WSR) Headlines

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