Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mangels IndustrialBSP:MGEL3 8 Interest Coverage is 0.76 as of Mar. 2026, which is 37% below its 10-year median of 1.21. GuruFocus rates BSP:MGEL3 with a GF Score™ of 8/100 and a GF Value™ of R$143.53. The stock has 6 warning signs investors should review. Among 457 Steel companies, Mangels Industrial ranks worse than 81.18% 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. Mangels Industrial's
Operating Income
for the
three
months ended in Mar. 2026 was R$11 Mil. Mangels Industrial's Interest Expense for the
three
months ended in Mar. 2026 was R$-14 Mil.
Mangels Industrial's interest coverage for the quarter that ended in Mar. 2026 was 0.76.
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. Mangels Industrial SA interest coverage is 1.39, which is low.
The historical rank and industry rank for Mangels Industrial's Interest Coverage or its related term are showing as below:
BSP:MGEL3'
s Interest Coverage Range Over the Past 10 Years
Min: 0.14 Med: 1.21 Max: 5.32
Current: 1.39
BSP:MGEL3's Interest Coverage is ranked worse than 81.18% of 457
companies
in the Steel industry
Industry Median: 4.41
vs BSP:MGEL3: 1.39
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 .
Mangels Industrial Interest Coverage Related Terms
Mangels Industrial Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mangels Industrial'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.
BSP:MGEL3 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Mangels Industrial'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.
Mangels Industrial Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Mangels Industrial's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mangels Industrial'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.
Mangels Industrial (BSP:MGEL3) has a Interest Coverage of 0.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mangels Industrial and its competitors. This is 37% below median its historical median of 1.21. Over the past decade, Mangels Industrial's Interest Coverage has ranged from 0.14 to 5.32. According to the industry distribution chart, Mangels Industrial ranks #371 out of 457 companies in the Steel industry, placing it in the top 81.2%.
Is Mangels Industrial's Interest Coverage too high?
Mangels Industrial's current Interest Coverage of 0.76 is 37% below median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 5.32. The Steel industry median Interest Coverage is 4.41. Mangels Industrial's value of 0.76 is 82.8% below this industry median. Based on the distribution chart, Mangels Industrial ranks #371 out of 457 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mangels Industrial has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Mangels Industrial's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Mangels Industrial ranks #371 out of 457 companies for Interest Coverage. This places Mangels Industrial in the lower half of its industry. The industry median Interest Coverage is 4.41. Mangels Industrial's value of 0.76 is 82.8% below this benchmark. Historically, Mangels Industrial's own Interest Coverage has ranged from 0.14 to 5.32 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 4.41, Mangels Industrial 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 Steel company?
The median Interest Coverage among Steel companies is 4.41, based on 457 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. Mangels Industrial's current Interest Coverage of 0.76 is 82.8% 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 Mangels Industrial and its competitors. For the Steel industry, the median Interest Coverage is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangels Industrial's current Interest Coverage is 0.76, which is 37% below median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangels Industrial stock overvalued right now?
Mangels Industrial (BSP:MGEL3) has a current Interest Coverage of 0.76. The stock's GF Value™ is R$143.53, compared to a current price of R$75.00 — trading 47.7% below its estimated fair value. The current Interest Coverage is 0.76, which is 37% below median its 10-year median of 1.21 and 82.8% below the Steel industry median of 4.41. Mangels Industrial's overall GF Score™ is 8/100 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 Mangels Industrial (BSP:MGEL3), the current Interest Coverage is 0.76 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 Mangels Industrial (BSP:MGEL3) Overvalued in 2026?
Based on GuruFocus' analysis, Mangels Industrial stock appears to be undervalued.
The current stock price of R$75.00 is trading 47.7% below its estimated GF Value™ of R$143.53.
Key valuation signals for BSP:MGEL3:
Interest Coverage: 0.76 (37% below median its 10-year median of 1.21)
GF Value™: R$143.53 vs. price of R$75.00 (47.7% below fair value)
Industry Position: 82.8% below the Steel median (#371 of 457)
No single metric tells the full story. See the BSP:MGEL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.
8GF Score
Get the complete analysis for BSP:MGEL3
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:MGEL3 has been successfully added to your 
