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Fabled Silver Gold (TSXV:FCO.H) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is Fabled Silver Gold 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. Fabled Silver Gold's Operating Income for the three months ended in Sep. 2023 was C$-0.53 Mil. Fabled Silver Gold's Interest Expense for the three months ended in Sep. 2023 was C$0.00 Mil. Fabled Silver Gold has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Fabled Silver Gold Corp 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 Fabled Silver Gold's Interest Coverage or its related term are showing as below:

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


TSXV:FCO.H's Interest Coverage is ranked better than
99.85% of 1346 companies
in the Metals & Mining industry
Industry Median: No Debt vs TSXV:FCO.H: 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.


Fabled Silver Gold Interest Coverage Historical Data

The historical data trend for Fabled Silver 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.

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Fabled Silver Gold Interest Coverage Chart

Fabled Silver Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Sep18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only No Debt No Debt - No Debt No Debt

Fabled Silver Gold Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fabled Silver Gold's Interest Coverage

For the Other Precious Metals & Mining subindustry, Fabled Silver 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.


Fabled Silver Gold's Interest Coverage Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fabled Silver Gold's Interest Coverage falls into.



Fabled Silver Gold 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.

Fabled Silver Gold's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Fabled Silver Gold's Interest Expense was C$0.00 Mil. Its Operating Income was C$-2.05 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Fabled Silver Gold had no debt (1).

Fabled Silver Gold's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Fabled Silver Gold's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.53 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Fabled Silver Gold 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.


Fabled Silver Gold  (TSXV:FCO.H) 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 .


Fabled Silver Gold Interest Coverage Related Terms

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


Fabled Silver Gold (TSXV:FCO.H) Business Description

Traded in Other Exchanges
Address
1500 West Georgia Street, Suite 480, Vancouver, BC, CAN, V6G 2Z6
Fabled Silver Gold Corp is focused on acquiring, exploring and operating properties that yield near-term metal production. The company focuses on acquiring precious metal properties in Mexico with blue-sky exploration potential. It has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a metallogenic province, which has reportedly produced more silver than any other equivalent area in the world. The Company operates in one single reportable segment, which is the acquisition and exploration of mineral resource properties.

Fabled Silver Gold (TSXV:FCO.H) Headlines

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