Bhagwan Marine (ASX:BWN) Interest Coverage: 2.87 (As of Dec. 2025) — 39% Below Median


ASX:BWN Bhagwan Marine Ltd ASX:BWN
21 GF Score
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What is Bhagwan Marine Interest Coverage?

Bhagwan Marine ASX:BWN +3.64% 21 Interest Coverage is 2.87 as of Dec. 2025, which is 39% below its 10-year median of 4.74. GuruFocus rates ASX:BWN with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 845 Transportation companies, Bhagwan Marine ranks worse than 56.92% on this metric.

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. Bhagwan Marine's Operating Income for the six months ended in Dec. 2025 was A$5.7 Mil. Bhagwan Marine's Interest Expense for the six months ended in Dec. 2025 was A$-2.0 Mil. Bhagwan Marine's interest coverage for the quarter that ended in Dec. 2025 was 2.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Bhagwan Marine's Interest Coverage or its related term are showing as below:

ASX:BWN' s Interest Coverage Range Over the Past 10 Years
Min: 1.02   Med: 4.74   Max: 17.16
Current: 4.57


ASX:BWN's Interest Coverage is ranked worse than
56.92% of 845 companies
in the Transportation industry
Industry Median: 5.66 vs ASX:BWN: 4.57

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Bhagwan Marine  (ASX:BWN) 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 .


Bhagwan Marine Interest Coverage Related Terms


Bhagwan Marine Interest Coverage Historical Data

* Premium members only.

The historical data trend for Bhagwan Marine's Interest Coverage can be seen below:

* 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.

Bhagwan Marine Interest Coverage Chart

Bhagwan Marine Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Interest Coverage
1.02 2.52 17.16 6.96

Bhagwan Marine Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage Get a 7-Day Free Trial 2.53 0.00 6.64 7.52 2.87

Bhagwan Marine Interest Coverage Competitor Comparison

For the Marine Shipping subindustry, Bhagwan Marine'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.


Bhagwan Marine Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Bhagwan Marine's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bhagwan Marine's Interest Coverage falls into.


ASX:BWN
21GF Score
Bhagwan Marine Ltd ASX:BWN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhagwan Marine 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Bhagwan Marine's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Bhagwan Marine's Interest Expense was A$-3.2 Mil. Its Operating Income was A$22.1 Mil. And its Long-Term Debt & Capital Lease Obligation was A$29.3 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*22.114/-3.179
=6.96

Bhagwan Marine's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Bhagwan Marine's Interest Expense was A$-2.0 Mil. Its Operating Income was A$5.7 Mil. And its Long-Term Debt & Capital Lease Obligation was A$36.8 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*5.675/-1.979
=2.87

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.87 mean?
Bhagwan Marine (ASX:BWN) has a Interest Coverage of 2.87 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bhagwan Marine and its competitors. This is 39% below median its historical median of 4.74. Over the past decade, Bhagwan Marine's Interest Coverage has ranged from 1.02 to 17.16. According to the industry distribution chart, Bhagwan Marine ranks #481 out of 845 companies in the Transportation industry, placing it in the top 56.9%.
Is Bhagwan Marine's Interest Coverage too high?
Bhagwan Marine's current Interest Coverage of 2.87 is 39% below median its 10-year median of 4.74. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 17.16. The Transportation industry median Interest Coverage is 5.66. Bhagwan Marine's value of 2.87 is 49.3% below this industry median. Based on the distribution chart, Bhagwan Marine ranks #481 out of 845 companies in the Transportation industry, which is below the industry midpoint. Overall, Bhagwan Marine has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Bhagwan Marine's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Bhagwan Marine ranks #481 out of 845 companies for Interest Coverage. This places Bhagwan Marine in the lower half of its industry. The industry median Interest Coverage is 5.66. Bhagwan Marine's value of 2.87 is 49.3% below this benchmark. Historically, Bhagwan Marine's own Interest Coverage has ranged from 1.02 to 17.16 over the past decade. While the company's 10-year median is 4.74 vs. the industry median of 5.66, Bhagwan Marine has consistently been below 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 a Transportation company?
The median Interest Coverage among Transportation companies is 5.66, based on 845 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. Bhagwan Marine's current Interest Coverage of 2.87 is 49.3% below 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 Bhagwan Marine and its competitors. For the Transportation industry, the median Interest Coverage is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhagwan Marine's current Interest Coverage is 2.87, which is 39% below median its own 10-year median of 4.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwan Marine stock overvalued right now?
Bhagwan Marine (ASX:BWN) has a current Interest Coverage of 2.87. The current Interest Coverage is 2.87, which is 39% below median its 10-year median of 4.74 and 49.3% below the Transportation industry median of 5.66. Bhagwan Marine's overall GF Score™ is 21/100 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 Bhagwan Marine (ASX:BWN), the current Interest Coverage is 2.87 as of Dec. 2025. 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.

Bhagwan Marine Business Description

Address 251 St Georges Terrace, Level 3, Perth, WA, AUS, 6000
Bhagwan Marine Ltd is a marine vessel operator and service provider. It is engaged in operating a diverse range of vessels providing marine solutions across the offshore energy, subsea, ports and inshore, and defence sectors. The group has a diverse fleet of purpose-built charter vessels and marine assets available for hire, including ASD harbour tugs, coastal towage tugs, anchor handling tug supply, multicats, dive support vessels, landing craft, crew transfer vessels, and utility vessels, among others. In addition, it provides various marine services such as ROV support, coastal freight, transshipping, vessel line handling, general underwater construction, oil field support services, etc. Geographically, the group derives a majority of its revenue from Australia.
21GF Score

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