Mesabi Trust (Mesabi Trust) Interest Coverage

: No Debt ⁽¹⁾ (As of Oct. 2023)

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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. Mesabi Trust's Operating Income for the three months ended in Oct. 2023 was $4.66 Mil. Mesabi Trust's Interest Expense for the three months ended in Oct. 2023 was $0.00 Mil. Mesabi Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Mesabi Trust 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 Mesabi Trust's Interest Coverage or its related term are showing as below:

MSB' s Interest Coverage Range Over the Past 10 Years
Min: 187.3 Med: 576.89 Max: No Debt
Current: No Debt

MSB's Interest Coverage is ranked better than
99.57% of 468 companies
in the Steel industry
Industry Median: 5.99 vs MSB: 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.

Mesabi Trust Interest Coverage Historical Data

The historical data trend for Mesabi Trust'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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Mesabi Trust Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Interest Coverage

704.15

442.47

No Debt

Mesabi Trust Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Coverage																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Steel subindustry, Mesabi Trust'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.

Mesabi Trust Interest Coverage Distribution

For the Steel industry and Basic Materials sector, Mesabi Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mesabi Trust's Interest Coverage falls into.

Mesabi Trust 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.

Mesabi Trust's Interest Coverage for the fiscal year that ended in Jan. 2023 is calculated as

Here, for the fiscal year that ended in Jan. 2023, Mesabi Trust's Interest Expense was $0.00 Mil. Its Operating Income was $5.12 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Mesabi Trust had no debt ⁽¹⁾.

Mesabi Trust's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the three months ended in Oct. 2023, Mesabi Trust's Interest Expense was $0.00 Mil. Its Operating Income was $4.66 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Mesabi Trust had no debt ⁽¹⁾.

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

Mesabi Trust (NYSE:MSB) 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 .

Mesabi Trust Interest Coverage Related Terms

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

Mesabi Trust (Mesabi Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mesabi Trust (NYSE:MSB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Deutsche Bank Trust Company Americas Trust & Agency Services, 1 Columbus Circle, 17th Floor, New York, NY, USA, 10019

Website

http://www.mesabi-trust.com

Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.

Executives

Robin M. Radke	other: Trustee of Mesabi Trust	C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 60 WALL STREET, 16TH FLOOR, NEW YORK NY 10005
Michael P Mlinar	other: Trustee of Mesabi Trust	444 WEST ANOKA STREET, DULUTH MN 55803
Robert C. Berglund	other: Trustee	P.O. BOX 351, CORONA NM 88318
James A Ehrenberg	other: Trustee	295 KOPP DRIVE, WEST ST. PAUL MN 55118