MAAS Group Holdings (ASX:MGH) Interest Coverage: 2.33 (As of Dec. 2025) — 40% Below Median


ASX:MGH MAAS Group Holdings Ltd ASX:MGH
63 GF Score
Price A$5.20
GF Value A$5.61
Valuation Fairly Valued
! 3 Warning Signs
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What is MAAS Group Holdings Interest Coverage?

MAAS Group Holdings ASX:MGH -1.70% 63 Interest Coverage is 2.33 as of Dec. 2025, which is 40% below its 10-year median of 3.86. GuruFocus rates ASX:MGH with a GF Score™ of 63/100 and a GF Value™ of A$5.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,354 Construction companies, MAAS Group Holdings ranks worse than 73.26% 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. MAAS Group Holdings's Operating Income for the six months ended in Dec. 2025 was A$56 Mil. MAAS Group Holdings's Interest Expense for the six months ended in Dec. 2025 was A$-24 Mil. MAAS Group Holdings's interest coverage for the quarter that ended in Dec. 2025 was 2.33. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MAAS Group Holdings's Interest Coverage or its related term are showing as below:

ASX:MGH' s Interest Coverage Range Over the Past 10 Years
Min: 2.8   Med: 3.86   Max: 14.43
Current: 3.08


ASX:MGH's Interest Coverage is ranked worse than
73.26% of 1354 companies
in the Construction industry
Industry Median: 7.865 vs ASX:MGH: 3.08

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


MAAS Group Holdings  (ASX:MGH) 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 .


MAAS Group Holdings Interest Coverage Related Terms


MAAS Group Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for MAAS Group Holdings'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.

MAAS Group Holdings Interest Coverage Chart

MAAS Group Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial 7.87 14.43 3.83 3.86 2.80

MAAS Group Holdings Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.83 5.87 1.73 4.27 2.33

ASX:MGH vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, MAAS Group Holdings'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.


MAAS Group Holdings Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, MAAS Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MAAS Group Holdings's Interest Coverage falls into.


ASX:MGH
63GF Score
MAAS Group Holdings Ltd ASX:MGH
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAAS Group Holdings 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.

MAAS Group Holdings'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, MAAS Group Holdings's Interest Expense was A$-36 Mil. Its Operating Income was A$101 Mil. And its Long-Term Debt & Capital Lease Obligation was A$718 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*100.84/-35.957
=2.80

MAAS Group Holdings's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, MAAS Group Holdings's Interest Expense was A$-24 Mil. Its Operating Income was A$56 Mil. And its Long-Term Debt & Capital Lease Obligation was A$704 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*55.796/-23.941
=2.33

* 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 2.33 mean?
MAAS Group Holdings (ASX:MGH) has a Interest Coverage of 2.33 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MAAS Group Holdings and its competitors. This is 40% below median its historical median of 3.86. Over the past decade, MAAS Group Holdings' Interest Coverage has ranged from 2.80 to 14.43. According to the industry distribution chart, MAAS Group Holdings ranks #992 out of 1354 companies in the Construction industry, placing it in the top 73.3%.
Is MAAS Group Holdings' Interest Coverage too high?
MAAS Group Holdings' current Interest Coverage of 2.33 is 40% below median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 14.43. The Construction industry median Interest Coverage is 7.87. MAAS Group Holdings' value of 2.33 is 70.4% below this industry median. Based on the distribution chart, MAAS Group Holdings ranks #992 out of 1354 companies in the Construction industry, which is below the industry midpoint. Overall, MAAS Group Holdings has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAAS Group Holdings' Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, MAAS Group Holdings ranks #992 out of 1354 companies for Interest Coverage. This places MAAS Group Holdings in the lower half of its industry. The industry median Interest Coverage is 7.87. MAAS Group Holdings' value of 2.33 is 70.4% below this benchmark. Historically, MAAS Group Holdings' own Interest Coverage has ranged from 2.80 to 14.43 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 7.87, MAAS Group Holdings 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 Construction company?
The median Interest Coverage among Construction companies is 7.87, based on 1,354 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. MAAS Group Holdings's current Interest Coverage of 2.33 is 70.4% 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 MAAS Group Holdings and its competitors. For the Construction industry, the median Interest Coverage is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAAS Group Holdings's current Interest Coverage is 2.33, which is 40% below median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAAS Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, MAAS Group Holdings (ASX:MGH) is currently considered Fairly Valued. The stock's GF Value™ is A$5.61, compared to a current price of A$5.20 — trading 7.3% below its estimated fair value. The current Interest Coverage is 2.33, which is 40% below median its 10-year median of 3.86 and 70.4% below the Construction industry median of 7.87. MAAS Group Holdings' overall GF Score™ is 63/100 with 3 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 MAAS Group Holdings (ASX:MGH), the current Interest Coverage is 2.33 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.

Is MAAS Group Holdings (ASX:MGH) Overvalued in 2026?

Based on GuruFocus' analysis, MAAS Group Holdings stock appears to be undervalued. The current stock price of A$5.20 is trading 7.3% below its estimated GF Value™ of A$5.61. GuruFocus considers MAAS Group Holdings to be Fairly Valued.

Key valuation signals for ASX:MGH:

  • Interest Coverage: 2.33 (40% below median its 10-year median of 3.86)
  • GF Value™: A$5.61 vs. price of A$5.20 (7.3% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 70.4% below the Construction median (#992 of 1354)

No single metric tells the full story. See the ASX:MGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAAS Group Holdings Business Description

Address 20L Sheraton Road, Dubbo, NSW, AUS, 2830
MAAS Group Holdings Ltd is an industrial service and real estate business with exposure across the property, civil, infrastructure, renewable energy, and mining sectors. The company's operating segments include Construction Materials; Residential Real Estate; Civil, Construction and Hire; Commercial Real Estate; Manufacturing; and Others. It generates maximum revenue from the Construction Materials segment which provides various services like supply of quarry materials to construction projects, mobile crushing and screening for quarries, civil works and mining, geotechnical services, asphalt services, and quarry excavation services. Geographically, the company's customers are located across Australia, Vietnam, Indonesia, Mongolia, Papua New Guinea, and New Zealand.
63GF Score

Get the complete analysis for ASX:MGH

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.20
Price
A$5.61
GF Value