Balto Resources

Balto Resources Interest Coverage

The Interest Coverage Ratio of Balto Resources (BAL.H.V) as of Oct 27, 2026 is -0.65. In the previous year, Interest Coverage Ratio was -0.78 — a change of -16.38% (higher).

Interest Coverage

-0.65

YoY

-16.38%

Last updated:

Interest Coverage Ratio of Balto Resources is 2023 -0.65 . Interest Coverage Ratio of Balto Resources was 2022 -0.78 . It decreases by -16.38% higher compared to the previous year.

The Balto Resources Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
-8.67 CAD
Jan 1, 2018
-3.86 CAD
Jan 1, 2019
-2.45 CAD
Jan 1, 2020
-1.63 CAD
Jan 1, 2021
-1.19 CAD
Jan 1, 2022
-0.78 CAD
Jan 1, 2023
-0.65 CAD
The Balto Resources Interest Coverage history
YEARInterest CoverageYoY
-0.65-16.38%
-0.78-34.67%
-1.19-26.74%
-1.63-33.80%
-2.45-36.36%
-3.86-55.49%
-8.67—

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Balto Resources Stock analysis

What does Balto Resources do? Balto Resources Ltd. is a resource property exploration and development company operating in the mineral resource industry with exploration activities conducted in Canada. The company has not generated any revenue, focusing solely on exploration and development of resource properties within its single industry and geographic segment. Balto Resources Ltd. does not sell products or services to customers as it remains in the exploration phase without commercial operations. The firm's business model relies on securing funding through equity financing or partnerships to support its exploration activities. As an exploration company, Balto Resources Ltd. does not have established revenue streams or product offerings, and its primary focus is on identifying and developing mineral resources in Canada. The company's operations are limited to the mineral resource industry with no additional segments or geographic markets. Balto Resources Ltd. does not have any brands or products for sale. It is a development-stage company without revenue, operating exclusively in the mineral exploration sector within Canada. The company's activities are centered on resource property exploration and development, with no indication of current or planned commercialization efforts. Balto Resources is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Balto Resources stock

Interest Coverage Ratio of Balto Resources is -0.65 in 2023.

Interest Coverage Ratio of Balto Resources changed from -0.78 to -0.65, representing a -16.38% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Balto Resources since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Balto Resources with sector peers and the industry average to assess whether it is attractive.

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Leverage — Balto Resources

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