Trident Royalties (LSE:TRR) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Trident Royalties 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. Trident Royalties's Operating Income for the six months ended in Dec. 2023 was £-0.86 Mil. Trident Royalties's Interest Expense for the six months ended in Dec. 2023 was £-1.73 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 Trident Royalties's Interest Coverage or its related term are showing as below:

LSE:TRR'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.

Trident Royalties Interest Coverage Historical Data

The historical data trend for Trident Royalties'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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Trident Royalties Interest Coverage Chart

Trident Royalties Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

Trident Royalties Semi-Annual Data
	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Trident Royalties's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Trident Royalties'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.

Trident Royalties's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Trident Royalties's Interest Coverage falls into.

Trident Royalties 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.

Trident Royalties'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, Trident Royalties's Interest Expense was £-3.54 Mil. Its Operating Income was £-0.88 Mil. And its Long-Term Debt & Capital Lease Obligation was £18.81 Mil.

Trident Royalties did not have earnings to cover the interest expense.

Trident Royalties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Trident Royalties's Interest Expense was £-1.73 Mil. Its Operating Income was £-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation was £18.81 Mil.

Trident Royalties did not have earnings to cover the interest expense.

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

Trident Royalties (LSE:TRR) 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 .

Trident Royalties Interest Coverage Related Terms

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Trident Royalties (LSE:TRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trident Royalties PLC (LSE:TRR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

TDTRF:USA 5KV:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tridentroyalties.com

Trident Royalties PLC is a growth-focused diversified mining royalty and streaming company. The company is aiming to provide investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal), and battery metals. Its reportable segments involve Precious, Bulk/Battery Metals, and Base.