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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. ADNOC Drilling Company PJSC's
Operating Income
for the
three
months ended in Mar. 2026 was د.إ1,429 Mil. ADNOC Drilling Company PJSC's Interest Expense for the
three
months ended in Mar. 2026 was د.إ-78 Mil.
ADNOC Drilling Company PJSC's interest coverage for the quarter that ended in Mar. 2026 was 18.30.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for ADNOC Drilling Company PJSC's Interest Coverage or its related term are showing as below:
ADX:ADNOCDRILL'
s Interest Coverage Range Over the Past 10 Years
Min: 11.3 Med: 19.1 Max: 77.34
Current: 16.27
ADX:ADNOCDRILL's Interest Coverage is ranked better than 69.73% of 730
companies
in the Oil & Gas industry
Industry Median: 6.115
vs ADX:ADNOCDRILL: 16.27
ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
ADNOC Drilling Company PJSC Interest Coverage Related Terms
ADNOC Drilling Company PJSC Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
ADNOC Drilling Company PJSC Interest Coverage Chart
ADX:ADNOCDRILL vs NE, RIG, VAL: Interest Coverage Comparison
For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ADNOC Drilling Company PJSC Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where ADNOC Drilling Company PJSC's Interest Coverage falls into.
ADNOC Drilling Company PJSC Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) has a Interest Coverage of 18.30 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ADNOC Drilling Company PJSC and its competitors. This is near median its historical median of 19.10. Over the past decade, ADNOC Drilling Company PJSC's Interest Coverage has ranged from 11.30 to 77.34. According to the industry distribution chart, ADNOC Drilling Company PJSC ranks #221 out of 730 companies in the Oil & Gas industry, placing it in the top 30.3%.
Is ADNOC Drilling Company PJSC's Interest Coverage too high?
ADNOC Drilling Company PJSC's current Interest Coverage of 18.30 is near median its 10-year median of 19.10. Over the past 10 years, this metric has ranged from a low of 11.30 to a high of 77.34. The Oil & Gas industry median Interest Coverage is 6.12. ADNOC Drilling Company PJSC's value of 18.30 is 199.3% above this industry median. Based on the distribution chart, ADNOC Drilling Company PJSC ranks #221 out of 730 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, ADNOC Drilling Company PJSC has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Drilling Company PJSC's Interest Coverage compare to NE and RIG?
According to the Oil & Gas industry distribution chart, ADNOC Drilling Company PJSC ranks #221 out of 730 companies for Interest Coverage. This puts ADNOC Drilling Company PJSC in the upper half of its industry. The industry median Interest Coverage is 6.12. ADNOC Drilling Company PJSC's value of 18.30 is 199.3% above this benchmark. Historically, ADNOC Drilling Company PJSC's own Interest Coverage has ranged from 11.30 to 77.34 over the past decade. While the company's 10-year median is 19.10 vs. the industry median of 6.12, ADNOC Drilling Company PJSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.12, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADNOC Drilling Company PJSC's current Interest Coverage of 18.30 is 199.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ADNOC Drilling Company PJSC and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Drilling Company PJSC's current Interest Coverage is 18.30, which is near median its own 10-year median of 19.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Drilling Company PJSC stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ6.49, compared to a current price of د.إ5.82 — trading 10.3% below its estimated fair value. The current Interest Coverage is 18.30, which is near median its 10-year median of 19.10 and 199.3% above the Oil & Gas industry median of 6.12. ADNOC Drilling Company PJSC's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For ADNOC Drilling Company PJSC (ADX:ADNOCDRILL), the current Interest Coverage is 18.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Drilling Company PJSC stock appears to be undervalued.
The current stock price of د.إ5.82 is trading 10.3% below its estimated GF Value™ of د.إ6.49.
GuruFocus considers ADNOC Drilling Company PJSC to be Modestly Undervalued.
Key valuation signals for ADX:ADNOCDRILL:
Interest Coverage: 18.30 (near median its 10-year median of 19.10)
GF Value™: د.إ6.49 vs. price of د.إ5.82 (10.3% below fair value)
Industry Position: 199.3% above the Oil & Gas median (#221 of 730)
No single metric tells the full story. See the ADX:ADNOCDRILL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore, and OilField Services, with maximum revenue from the Onshore segment.
90GF Score
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