Grid Metals

Grid Metals Interest Coverage

The Interest Coverage Ratio of Grid Metals (GRDM.V) as of Oct 18, 2026 is -16.43. In the previous year, Interest Coverage Ratio was -35.66 — a change of -53.94% (higher).

Interest Coverage

-16.43

YoY

-53.94%

Last updated:

Interest Coverage Ratio of Grid Metals is 2024 -16.43 . Interest Coverage Ratio of Grid Metals was 2023 -35.66 . It decreases by -53.94% higher compared to the previous year.

The Grid Metals Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2022
1.06 CAD
Jan 1, 2023
-35.66 CAD
Jan 1, 2024
-16.43 CAD
The Grid Metals Interest Coverage history
YEARInterest CoverageYoY
-16.43-53.94%
-35.66-3,466.36%
1.06—

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Grid Metals Stock analysis

What does Grid Metals do? Grid Metals Corp, based in Toronto, Canada, operates in the Materials sector, focusing on mineral exploration and development. The company explores lithium and nickel-copper-platinum group metals in Manitoba's Bird River area, approximately 150 km northeast of Winnipeg. It controls two lithium properties: Donner Lake, 35 km north of the Tanco mine, and Falcon West, spanning 61,200 ha with 70 km of strike length. Additionally, Grid Metals manages the Makwa Mayville Project, featuring nickel, copper, platinum group metals, and cobalt resources, and the East Bull Lake palladium property covering 80% of the EBL intrusion. Grid Metals is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Grid Metals stock

Interest Coverage Ratio of Grid Metals is -16.43 in 2024.

Interest Coverage Ratio of Grid Metals changed from -35.66 to -16.43, representing a -53.94% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Grid Metals 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 Grid Metals with sector peers and the industry average to assess whether it is attractive.

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Leverage — Grid Metals

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