Magnetite Mines

Magnetite Mines Interest Coverage

The Interest Coverage Ratio of Magnetite Mines (MGT.AX) as of Oct 18, 2026 is -111.44. In the previous year, Interest Coverage Ratio was -41.82 — a change of 166.48% (lower).

Interest Coverage

-111.44

YoY

166.48%

Last updated:

Interest Coverage Ratio of Magnetite Mines is 2025 -111.44 . Interest Coverage Ratio of Magnetite Mines was 2024 -41.82 . It decreases by 166.48% lower compared to the previous year.

The Magnetite Mines Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2018
-19.76 AUD
Jan 1, 2019
-6.64 AUD
Jan 1, 2020
-6.75 AUD
Jan 1, 2021
-16.18 AUD
Jan 1, 2022
-32.47 AUD
Jan 1, 2023
-38.06 AUD
Jan 1, 2024
-41.82 AUD
Jan 1, 2025
-111.44 AUD
The Magnetite Mines Interest Coverage history
YEARInterest CoverageYoY
-111.44+166.48%
-41.82+9.89%
-38.06+17.19%
-32.47+100.76%
-16.18+139.63%
-6.75+1.74%
-6.64-66.43%
-19.76-20.93%
-25.00+70.79%
-14.64+361.79%
-3.17-88.54%
-27.67—

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Magnetite Mines Stock analysis

What does Magnetite Mines do? Magnetite Mines Ltd is a mineral exploration company headquartered in Adelaide, South Australia, listed on the market in 2006. Operating in the materials sector, the firm focuses on developing magnetite iron ore resources within the Braemar iron region. Its portfolio includes the Razorback Iron Ore Project, comprising the Razorback and Ironback Hill deposits, and the nearby Muster Dam Iron Ore Project. These assets hold a total mineral resource of six billion tons of iron ore, situated approximately 240 kilometers from Adelaide. The Razorback project is positioned roughly 45 kilometers from rail infrastructure, 120 kilometers from the power grid, and 200 kilometers from deep-water ports, aiming to produce high-grade iron ore concentrate for steel production. Magnetite Mines is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Magnetite Mines stock

Interest Coverage Ratio of Magnetite Mines is -111.44 in 2025.

Interest Coverage Ratio of Magnetite Mines changed from -41.82 to -111.44, representing a 166.48% change. The value is lower than the previous year.

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

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Leverage — Magnetite Mines

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