AVAX (ATH:AVAX) Interest Coverage: 2.68 (As of Dec. 2025) — 56% Above Median


ATH:AVAX AVAX SA ATH:AVAX
64 GF Score
Price €3.43
GF Value €2.93
Valuation Modestly Overvalued
! 7 Warning Signs
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What is AVAX Interest Coverage?

AVAX ATH:AVAX -0.29% 64 Interest Coverage is 2.68 as of Dec. 2025, which is 56% above its 10-year median of 1.72. GuruFocus rates ATH:AVAX with a GF Score™ of 64/100 and a GF Value™ of €2.93 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,354 Construction companies, AVAX ranks worse than 68.02% 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. AVAX's Operating Income for the six months ended in Dec. 2025 was €28.5 Mil. AVAX's Interest Expense for the six months ended in Dec. 2025 was €-10.6 Mil. AVAX's interest coverage for the quarter that ended in Dec. 2025 was 2.68. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AVAX SA interest coverage is 3.81, which is low.

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

ATH:AVAX' s Interest Coverage Range Over the Past 10 Years
Min: 0.16   Med: 1.72   Max: 3.81
Current: 3.81


ATH:AVAX's Interest Coverage is ranked worse than
68.02% of 1354 companies
in the Construction industry
Industry Median: 7.865 vs ATH:AVAX: 3.81

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


AVAX  (ATH:AVAX) 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 .


AVAX Interest Coverage Related Terms


AVAX Interest Coverage Historical Data

* Premium members only.

The historical data trend for AVAX'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.

AVAX Interest Coverage Chart

AVAX Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.30 1.99 3.81

AVAX Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 2.63 1.41 5.10 2.68

ATH:AVAX vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, AVAX'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.


AVAX Interest Coverage vs Construction Industry

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

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


ATH:AVAX
64GF Score
AVAX SA ATH:AVAX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AVAX 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.

AVAX's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, AVAX's Interest Expense was €-19.8 Mil. Its Operating Income was €75.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €229.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*75.465/-19.831
=3.81

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

Here, for the six months ended in Dec. 2025, AVAX's Interest Expense was €-10.6 Mil. Its Operating Income was €28.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €229.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*28.549/-10.633
=2.68

* 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 2.68 mean?
AVAX (ATH:AVAX) has a Interest Coverage of 2.68 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AVAX and its competitors. This is 56% above median its historical median of 1.72. Over the past decade, AVAX's Interest Coverage has ranged from 0.16 to 3.81. According to the industry distribution chart, AVAX ranks #921 out of 1354 companies in the Construction industry, placing it in the top 68%.
Is AVAX's Interest Coverage too high?
AVAX's current Interest Coverage of 2.68 is 56% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 3.81. The Construction industry median Interest Coverage is 7.87. AVAX's value of 2.68 is 65.9% below this industry median. Based on the distribution chart, AVAX ranks #921 out of 1354 companies in the Construction industry, which is below the industry midpoint. Overall, AVAX has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AVAX's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, AVAX ranks #921 out of 1354 companies for Interest Coverage. This places AVAX in the lower half of its industry. The industry median Interest Coverage is 7.87. AVAX's value of 2.68 is 65.9% below this benchmark. Historically, AVAX's own Interest Coverage has ranged from 0.16 to 3.81 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 7.87, AVAX 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. AVAX's current Interest Coverage of 2.68 is 65.9% 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 AVAX 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. AVAX's current Interest Coverage is 2.68, which is 56% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVAX stock overvalued right now?
Based on GuruFocus' analysis, AVAX (ATH:AVAX) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.93, compared to a current price of €3.43 — trading 16.9% above its estimated fair value. The current Interest Coverage is 2.68, which is 56% above median its 10-year median of 1.72 and 65.9% below the Construction industry median of 7.87. AVAX's overall GF Score™ is 64/100 with 7 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 AVAX (ATH:AVAX), the current Interest Coverage is 2.68 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 AVAX (ATH:AVAX) Overvalued in 2026?

Based on GuruFocus' analysis, AVAX stock appears to be overvalued. The current stock price of €3.43 is trading 16.9% above its estimated GF Value™ of €2.93. GuruFocus considers AVAX to be Modestly Overvalued.

Key valuation signals for ATH:AVAX:

  • Interest Coverage: 2.68 (56% above median its 10-year median of 1.72)
  • GF Value™: €2.93 vs. price of €3.43 (16.9% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 65.9% below the Construction median (#921 of 1354)

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


AVAX Business Description

Other Exchanges 0DO2:UKIJ6:Germany
Address 16 Amaroussiou, Halandriou Street, Marousi, GRC, 15125
AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; TheReal Estate segment covers estate development and other activities. It derives maximum revenue from the Construction segment.
64GF Score

Get the complete analysis for ATH:AVAX

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

€3.43
Price
€2.93
GF Value