Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Interest Coverage: 2.18 (As of Mar. 2026) — 36% Below Median


BSP:CEEB3 Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
76 GF Score
Price R$45.71
GF Value R$46.33
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Companhia de Eletricidade do Estado da Bahia – Coelba Interest Coverage?

Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3 +1.33% 76 Interest Coverage is 2.18 as of Mar. 2026, which is 36% below its 10-year median of 3.38. GuruFocus rates BSP:CEEB3 with a GF Score™ of 76/100 and a GF Value™ of R$46.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 449 Utilities - Regulated companies, Companhia de Eletricidade do Estado da Bahia – Coelba ranks worse than 71.27% 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. Companhia de Eletricidade do Estado da Bahia – Coelba's Operating Income for the three months ended in Mar. 2026 was R$1,195 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Expense for the three months ended in Mar. 2026 was R$-549 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's interest coverage for the quarter that ended in Mar. 2026 was 2.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage or its related term are showing as below:

BSP:CEEB3' s Interest Coverage Range Over the Past 10 Years
Min: 2.33   Med: 3.38   Max: 4.81
Current: 2.33


BSP:CEEB3's Interest Coverage is ranked worse than
71.27% of 449 companies
in the Utilities - Regulated industry
Industry Median: 3.78 vs BSP:CEEB3: 2.33

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


Companhia de Eletricidade do Estado da Bahia – Coelba  (BSP:CEEB3) 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 .


Companhia de Eletricidade do Estado da Bahia – Coelba Interest Coverage Related Terms


Companhia de Eletricidade do Estado da Bahia – Coelba Interest Coverage Historical Data

* Premium members only.

The historical data trend for Companhia de Eletricidade do Estado da Bahia – Coelba'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.

Companhia de Eletricidade do Estado da Bahia – Coelba Interest Coverage Chart

Companhia de Eletricidade do Estado da Bahia – Coelba 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 4.61 2.99 3.11 3.04 2.46

Companhia de Eletricidade do Estado da Bahia – Coelba Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.77 2.33 1.97 2.94 2.18

BSP:CEEB3 vs NEE, SO, DUK: Interest Coverage Comparison

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba'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.


Companhia de Eletricidade do Estado da Bahia – Coelba Interest Coverage vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage falls into.


BSP:CEEB3
76GF Score
Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia de Eletricidade do Estado da Bahia – Coelba 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.

Companhia de Eletricidade do Estado da Bahia – Coelba'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, Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Expense was R$-1,747 Mil. Its Operating Income was R$4,303 Mil. And its Long-Term Debt & Capital Lease Obligation was R$17,966 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*4303/-1747
=2.46

Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Expense was R$-549 Mil. Its Operating Income was R$1,195 Mil. And its Long-Term Debt & Capital Lease Obligation was R$19,582 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1195/-549
=2.18

* 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 2.18 mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a Interest Coverage of 2.18 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. This is 36% below median its historical median of 3.38. Over the past decade, Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage has ranged from 2.33 to 4.81. According to the industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #320 out of 449 companies in the Utilities - Regulated industry, placing it in the top 71.3%.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current Interest Coverage of 2.18 is 36% below median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 4.81. The Utilities - Regulated industry median Interest Coverage is 3.78. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 2.18 is 42.3% below this industry median. Based on the distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #320 out of 449 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia de Eletricidade do Estado da Bahia – Coelba's Interest Coverage compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #320 out of 449 companies for Interest Coverage. This places Companhia de Eletricidade do Estado da Bahia – Coelba in the lower half of its industry. The industry median Interest Coverage is 3.78. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 2.18 is 42.3% below this benchmark. Historically, Companhia de Eletricidade do Estado da Bahia – Coelba's own Interest Coverage has ranged from 2.33 to 4.81 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 3.78, Companhia de Eletricidade do Estado da Bahia – Coelba 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 an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 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. Companhia de Eletricidade do Estado da Bahia – Coelba's current Interest Coverage of 2.18 is 42.3% 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 Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia de Eletricidade do Estado da Bahia – Coelba's current Interest Coverage is 2.18, which is 36% below median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia de Eletricidade do Estado da Bahia – Coelba stock overvalued right now?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) is currently considered Fairly Valued. The stock's GF Value™ is R$46.33, compared to a current price of R$45.71 — trading 1.3% below its estimated fair value. The current Interest Coverage is 2.18, which is 36% below median its 10-year median of 3.38 and 42.3% below the Utilities - Regulated industry median of 3.78. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 76/100 with 6 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current Interest Coverage is 2.18 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba stock appears to be undervalued. The current stock price of R$45.71 is trading 1.3% below its estimated GF Value™ of R$46.33. GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.

Key valuation signals for BSP:CEEB3:

  • Interest Coverage: 2.18 (36% below median its 10-year median of 3.38)
  • GF Value™: R$46.33 vs. price of R$45.71 (1.3% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 42.3% below the Utilities - Regulated median (#320 of 449)

No single metric tells the full story. See the BSP:CEEB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia de Eletricidade do Estado da Bahia – Coelba Business Description

Other Exchanges CEEB5:Brazil
Address Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900
Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.
76GF Score

Get the complete analysis for BSP:CEEB3

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

R$45.71
Price
R$46.33
GF Value