What is Ivanhoe Electric's interest coverage?

Ivanhoe Electric (IE) reported interest coverage of -30.4× in Q3 2023.

How has Ivanhoe Electric's interest coverage changed year-over-year?

Ivanhoe Electric's interest coverage increased by 36.9% year-over-year, from -48.3× to -30.4×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Ivanhoe Electric IE Interest coverage

Interest coverage at other companies

i-80 GoldIAUX

-4.6×+11.0×

Lithium AmericasLAC

-63.1×—

Hecla MiningHL

19.2×+16.2×

AlbemarleALB

-0.7×-0.4×

Southern CopperSCCO

15.3×+1.7×

SSR MiningSSRM

55.7×—

Other financials

Income statement

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Revenue$858.0K+16.7%

Gross profit$505.0K+14.3%

Operating income$96.8M+458%

Net income$41.7M+237%

EPS (diluted)-$0.26-208%

Balance sheet

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Cash & equivalents$291.8M+190%

Total debt$35.4M+33.9%

Total equity$540.3M+76.0%

Total assets$594.3M+43.4%

Cash flow

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Operating cash flow-$42.3M-66.1%

CapEx$597.0K+29,750%

Free cash flow-$42.9M-68.4%

Valuation

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Market cap$1.49B+42.6%

Enterprise value$1.23B+27.1%

P/S441.5×+123×

Profitability

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Gross margin64.8%+1.7pp

Operating margin302.6%+156pp

Net margin-998.6%—

FCF margin-3,202.8%-640pp

Returns & leverage

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Return on equity-7.9%—

Debt / equity0.1×0.0×

Current ratio6.3×+3.2×

Where this comes from

Calculated from Ivanhoe Electric’s reported figures.

ebit/interest expense=-30.4×

Based on trailing twelve months.

The official record: Ivanhoe Electric’s 10-Q, filed November 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ivanhoe Electric's interest coverage?: Ivanhoe Electric (IE) reported interest coverage of -30.4× in Q3 2023.
How has Ivanhoe Electric's interest coverage changed year-over-year?: Ivanhoe Electric's interest coverage increased by 36.9% year-over-year, from -48.3× to -30.4×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.