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. Garware Offshore Services's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-37.8 Mil. Garware Offshore Services's Interest Expense for the
three
months ended in Mar. 2026 was ₹-16.2 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Garware Offshore Services's Interest Coverage or its related term are showing as below:
BOM:501848's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.76 * Ranked among companies with meaningful Interest Coverage only.
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 .
Garware Offshore Services Interest Coverage Related Terms
Garware Offshore Services 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.
For the Marine Shipping subindustry, Garware Offshore Services'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.
Garware Offshore Services Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Garware Offshore Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Garware Offshore Services'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:
Garware Offshore Services did not have earnings to cover the 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 0 (At Loss) mean?
Garware Offshore Services (BOM:501848) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Garware Offshore Services and its competitors. According to the industry distribution chart, Garware Offshore Services ranks #999999 out of 841 companies in the Transportation industry.
Is Garware Offshore Services' Interest Coverage too high?
Garware Offshore Services' current Interest Coverage is 0 (At Loss). Based on the distribution chart, Garware Offshore Services ranks #999999 out of 841 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Garware Offshore Services has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Offshore Services' Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Garware Offshore Services ranks #999999 out of 841 companies for Interest Coverage. This places Garware Offshore Services in the lower half of its industry. The industry median Interest Coverage is 5.76. 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 5.76, based on 841 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 Garware Offshore Services and its competitors. For the Transportation industry, the median Interest Coverage is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Offshore Services's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Offshore Services stock overvalued right now?
Based on GuruFocus' analysis, Garware Offshore Services (BOM:501848) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹60.32, compared to a current price of ₹48.99 — trading 18.8% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Garware Offshore Services' overall GF Score™ is 62/100 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 Garware Offshore Services (BOM:501848), the current Interest Coverage is 0 (At Loss) 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 Garware Offshore Services (BOM:501848) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Offshore Services stock appears to be undervalued.
The current stock price of ₹48.99 is trading 18.8% below its estimated GF Value™ of ₹60.32.
GuruFocus considers Garware Offshore Services to be Modestly Undervalued.
Key valuation signals for BOM:501848:
Interest Coverage: 0 (At Loss)
GF Value™: ₹60.32 vs. price of ₹48.99 (18.8% below fair value)
No single metric tells the full story. See the BOM:501848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Offshore Services Ltd, formerly known as Global Offshore Services Ltd, is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.
62GF Score
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