Macallum New EnergyASX:MNE 16 Interest Coverage is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. GuruFocus rates ASX:MNE with a GF Score™ of 16/100. Among 731 Oil & Gas companies, Macallum New Energy ranks better than 99.59% 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. Macallum New Energy's
Operating Income
for the
six
months ended in Dec. 2025 was A$-1.22 Mil. Macallum New Energy's Interest Expense for the
six
months ended in Dec. 2025 was A$0.00 Mil.
Macallum New Energy has no debt.
The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Macallum New Energy's Interest Coverage or its related term are showing as below:
ASX:MNE'
s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt
ASX:MNE's Interest Coverage is ranked better than 99.59% of 731
companies
in the Oil & Gas industry
Industry Median: 5.89
vs ASX:MNE: No Debt
Macallum New Energy (ASX:MNE) 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 .
Macallum New Energy Interest Coverage Related Terms
Macallum New Energy Interest Coverage Historical Data
* Premium members only.
The historical data trend for Macallum New Energy'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.
Macallum New Energy Interest Coverage Chart
Macallum New Energy Annual Data
Trend
Jun23
Jun24
Jun25
Interest Coverage
No Debt
No Debt
No Debt
Macallum New Energy Semi-Annual Data
Jun23
Jun24
Jun25
Dec25
Interest Coverage
No Debt
No Debt
No Debt
No Debt
ASX:MNE vs COP, EOG, OXY: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Macallum New Energy'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.
Macallum New Energy Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Macallum New Energy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Macallum New Energy's Interest Coverage falls into.
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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Macallum New Energy (ASX:MNE) has a Interest Coverage of No Debt (1) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Macallum New Energy and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Macallum New Energy's Interest Coverage has ranged from 10,000.00 to 10,000.00. According to the industry distribution chart, Macallum New Energy ranks #3 out of 731 companies in the Oil & Gas industry, placing it in the top 0.40000000000001%.
Is Macallum New Energy's Interest Coverage too high?
Macallum New Energy's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00. Based on the distribution chart, Macallum New Energy ranks #3 out of 731 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Macallum New Energy has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Macallum New Energy's Interest Coverage compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Macallum New Energy ranks #3 out of 731 companies for Interest Coverage. This places Macallum New Energy in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.89. Historically, Macallum New Energy's own Interest Coverage has ranged from 10,000.00 to 10,000.00 over the past decade. 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 5.89, based on 731 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. 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 Macallum New Energy and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macallum New Energy's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macallum New Energy stock overvalued right now?
Macallum New Energy (ASX:MNE) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Macallum New Energy's overall GF Score™ is 16/100. 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 Macallum New Energy (ASX:MNE), the current Interest Coverage is No Debt (1) 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.
Macallum New Energy Ltd is an oil and gas exploration company. The company is focused on the assessment and future development of its exploration projects located in the onshore Northern Perth Basin in Western Australia.
16GF Score
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