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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. Rise Gold's Operating Income for the three months ended in Jan. 2024 was $-0.73 Mil. Rise Gold's Interest Expense for the three months ended in Jan. 2024 was $-0.09 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 Rise Gold's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Rise Gold'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.
Rise Gold Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Rise Gold Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Gold subindustry, Rise Gold'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.
For the Metals & Mining industry and Basic Materials sector, Rise Gold's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Rise Gold's Interest Coverage falls into.
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.
Rise Gold's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as
Here, for the fiscal year that ended in Jul. 2023, Rise Gold's Interest Expense was $-0.48 Mil. Its Operating Income was $-3.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.44 Mil.
Rise Gold did not have earnings to cover the interest expense. |
Rise Gold's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
Here, for the three months ended in Jan. 2024, Rise Gold's Interest Expense was $-0.09 Mil. Its Operating Income was $-0.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Rise Gold did not have earnings to cover the interest expense. |
* 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.
Rise Gold (OTCPK:RYES) 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 .
Thank you for viewing the detailed overview of Rise Gold's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Clynton R. Nauman | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Mullin Joseph E Iii | officer: President and CEO | C/O RISE GOLD CORP., SUITE 215, 333 CROWN POINT CIRCLE, GRASS VALLEY CA 95945 |
Lawrence Ward Lepard | director, 10 percent owner | 211 GROVE STREET, WELLESLEY MA 02482 |
Daniel Jr Oliver | 10 percent owner | 713 SILVERMINE ROAD, NEW CANAAN CT 06840 |
Vince Boon | officer: Chief Financial Officer | C/O SOUTHERN ARC MINERALS INC., SUITE 650, 669 HOWE STREET, VANCOUVER A1 V6C 0B4 |
John Proust | director | C/O SOUTHERN ARC MINERALS INC., SUITE 650, 669 HOWE STREET, VANCOUVER A1 V6C 0B4 |
V B S Exchange Pty Ltd | 10 percent owner | LEVEL 12, 644 CHAPEL ST, SOUTH YARRA C3 3141 |
Murray Guinn Flanigan | director | SUITE 602 - 1088 WEST 14TH AVENUE, VANCOUVER A1 V6H 0A6 |
Thomas I. Vehrs | director | 6833 YAMPA DRIVE, LARKSPUR CO 80118 |
Benjamin Mossman | director, officer: CEO | 488 - 1090 WEST GEORGIA STREET, VANCOUVER A1 V6E 3V7 |
V B S Investments Pty Ltd | 10 percent owner | LEVEL 12, 644 CHAPEL ST, SOUTH YARRA C3 3141 |
Southern Arc Minerals Inc | 10 percent owner | 650-669 HOWE STREET, VANCOUVER A1 V6C 0B4 |
Brian Cale Thomas | director, officer: CFO | 488 - 1090 WEST GEORGIA STREET, VANCOUVER A1 V6E 3V7 |
Bradley Scharfe | director, 10 percent owner | 488 - 1090 WEST GEORGIA STREET, VANCOUVER A1 V6E 3V7 |
Alan R Edwards | director, officer: Chairman of the Board | 8121 N. FAIRWAY VIEW DR., TUCSON AZ 85742 |
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