Northern Minerals & Exploration (NMEX) Interest Coverage Ratio (2016 - 2026)
Northern Minerals & Exploration (NMEX) posted Interest Coverage Ratio of 8.87 for Q2 2026, up 60.39% sequentially from 22.39 in Q1 2026, and up 52.85% YoY from 5.8 in Q2 2025.
Northern Minerals & Exploration (NMEX) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
Northern Minerals & Exploration has reported Interest Coverage Ratio for 11 years, with the latest figure at 8.87 in Q2 2026.
- Quarterly Interest Coverage Ratio rose 52.85% year-over-year to 8.87 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 17.63 (up 12.82% YoY) and the FY2025 annual result came in at 1.13, down 9.4% from the prior year.
- Interest Coverage Ratio advanced to 8.87 in Q2 2026 per NMEX's latest filing, from 22.39 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 2.11 in Q3 2022 and troughed at 46.81 in Q3 2025.
- A 5-year average of 19.03 and a median of 18.81 in 2025 frame the typical range for Interest Coverage Ratio.
- The widest YoY moves for Interest Coverage Ratio: up 66.16% in 2022, down 395.65% in 2022.
- Over 5 years, Interest Coverage Ratio stood at 32.59 in 2022, then surged by 37.11% to 20.49 in 2023, then retreated by 27.27% to 26.08 in 2024, then jumped by 39.75% to 15.72 in 2025, then jumped by 43.58% to 8.87 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 8.87, 22.39, and 15.72 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.93 Bn | 13.44 Bn | 332.52 Mn | 60.38 |
| 2 | Buenaventura Mining | 8.96 Bn | 7.95 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.96 Bn | 6.95 Bn | 88.25 Mn | 383.43 |
| 4 | Perpetua Resources | 3.21 Bn | 3.21 Bn | - | - |
| 5 | Solaris Resources | 1.49 Bn | 1.44 Bn | - | 2.44 |
| 6 | Elemental Royalty | 1.43 Bn | 1.36 Bn | 15.71 Mn | - |
| 7 | McEwen | 1.26 Bn | 1.16 Bn | 20.08 Mn | - |
| 8 | Versamet Royalties | 1.14 Bn | 1.14 Bn | 13.99 Mn | -1.70 |
| 9 | Metalla Royalty & Streaming | 1.04 Bn | 1.03 Bn | 4.75 Mn | -7.70 |
| 10 | Northern Minerals & Exploration | 6.69 Mn | 6.67 Mn | 1,676.00 | -8.87 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -8.87 |
| Jan 31, 2026 | -22.39 |
| Oct 31, 2025 | -15.72 |
| Jul 31, 2025 | -46.81 |
| Apr 30, 2025 | -18.81 |
| Jan 31, 2025 | -12.40 |
| Oct 31, 2024 | -26.08 |
| Jul 31, 2024 | -28.91 |
| Apr 30, 2024 | -12.64 |
| Jan 31, 2024 | -9.41 |
| Oct 31, 2023 | -20.49 |
| Apr 30, 2023 | -26.60 |
| Jan 31, 2023 | -16.25 |
| Oct 31, 2022 | -32.59 |
| Jul 31, 2022 | -2.11 |
| Apr 30, 2022 | -19.73 |
| Jan 31, 2022 | -3.62 |
| Oct 31, 2021 | -25.96 |
| Jul 31, 2021 | -0.43 |
| Apr 30, 2021 | -8.68 |