Mills Locacao Servicos e Logistica (BSP:MILS3) Interest Coverage: 2.76 (As of Mar. 2026) — Near Median

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BSP:MILS3 Mills Locacao Servicos e Logistica SA BSP:MILS3
89 GF Score
Price R$15.40
GF Value R$15.35
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Mills Locacao Servicos e Logistica Interest Coverage?

Mills Locacao Servicos e Logistica BSP:MILS3 -0.26% 89 Interest Coverage is 2.76 as of Mar. 2026, which is 7% below its 10-year median of 2.97. GuruFocus rates BSP:MILS3 with a GF Score™ of 89/100 and a GF Value™ of R$15.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 814 Business Services companies, Mills Locacao Servicos e Logistica ranks worse than 83.17% 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. Mills Locacao Servicos e Logistica's Operating Income for the three months ended in Mar. 2026 was R$190 Mil. Mills Locacao Servicos e Logistica's Interest Expense for the three months ended in Mar. 2026 was R$-69 Mil. Mills Locacao Servicos e Logistica's interest coverage for the quarter that ended in Mar. 2026 was 2.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mills Locacao Servicos e Logistica's Interest Coverage or its related term are showing as below:

BSP:MILS3' s Interest Coverage Range Over the Past 10 Years
Min: 0.89   Med: 2.97   Max: 7.31
Current: 2.26


BSP:MILS3's Interest Coverage is ranked worse than
83.17% of 814 companies
in the Business Services industry
Industry Median: 13.085 vs BSP:MILS3: 2.26

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


Mills Locacao Servicos e Logistica  (BSP:MILS3) 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 .


Mills Locacao Servicos e Logistica Interest Coverage Related Terms


Mills Locacao Servicos e Logistica Interest Coverage Historical Data

* Premium members only.

The historical data trend for Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica Interest Coverage Chart

Mills Locacao Servicos e Logistica 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 7.31 5.00 3.17 2.76 2.09

Mills Locacao Servicos e Logistica 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 2.29 2.61 1.97 1.84 2.76

BSP:MILS3 vs URI, SUNB, AER: Interest Coverage Comparison

For the Rental & Leasing Services subindustry, Mills Locacao Servicos e Logistica'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.


Mills Locacao Servicos e Logistica Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, Mills Locacao Servicos e Logistica's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mills Locacao Servicos e Logistica's Interest Coverage falls into.


BSP:MILS3
89GF Score
Mills Locacao Servicos e Logistica SA BSP:MILS3
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mills Locacao Servicos e Logistica 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.

Mills Locacao Servicos e Logistica'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, Mills Locacao Servicos e Logistica's Interest Expense was R$-298 Mil. Its Operating Income was R$624 Mil. And its Long-Term Debt & Capital Lease Obligation was R$1,750 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*623.838/-298.286
=2.09

Mills Locacao Servicos e Logistica's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Mills Locacao Servicos e Logistica's Interest Expense was R$-69 Mil. Its Operating Income was R$190 Mil. And its Long-Term Debt & Capital Lease Obligation was R$1,750 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*189.676/-68.83
=2.76

* 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 2.76 mean?
Mills Locacao Servicos e Logistica (BSP:MILS3) has a Interest Coverage of 2.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mills Locacao Servicos e Logistica and its competitors. This is near median its historical median of 2.97. Over the past decade, Mills Locacao Servicos e Logistica's Interest Coverage has ranged from 0.89 to 7.31. According to the industry distribution chart, Mills Locacao Servicos e Logistica ranks #677 out of 814 companies in the Business Services industry, placing it in the top 83.2%.
Is Mills Locacao Servicos e Logistica's Interest Coverage too high?
Mills Locacao Servicos e Logistica's current Interest Coverage of 2.76 is near median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 7.31. The Business Services industry median Interest Coverage is 13.09. Mills Locacao Servicos e Logistica's value of 2.76 is 78.9% below this industry median. Based on the distribution chart, Mills Locacao Servicos e Logistica ranks #677 out of 814 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Mills Locacao Servicos e Logistica has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mills Locacao Servicos e Logistica's Interest Coverage compare to URI and SUNB?
According to the Business Services industry distribution chart, Mills Locacao Servicos e Logistica ranks #677 out of 814 companies for Interest Coverage. This places Mills Locacao Servicos e Logistica in the lower half of its industry. The industry median Interest Coverage is 13.09. Mills Locacao Servicos e Logistica's value of 2.76 is 78.9% below this benchmark. Historically, Mills Locacao Servicos e Logistica's own Interest Coverage has ranged from 0.89 to 7.31 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 13.09, Mills Locacao Servicos e Logistica 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 Business Services company?
The median Interest Coverage among Business Services companies is 13.09, based on 814 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. Mills Locacao Servicos e Logistica's current Interest Coverage of 2.76 is 78.9% 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 Mills Locacao Servicos e Logistica and its competitors. For the Business Services industry, the median Interest Coverage is 13.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mills Locacao Servicos e Logistica's current Interest Coverage is 2.76, which is near median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mills Locacao Servicos e Logistica stock overvalued right now?
Based on GuruFocus' analysis, Mills Locacao Servicos e Logistica (BSP:MILS3) is currently considered Fairly Valued. The stock's GF Value™ is R$15.35, compared to a current price of R$15.40 — trading 0.3% above its estimated fair value. The current Interest Coverage is 2.76, which is near median its 10-year median of 2.97 and 78.9% below the Business Services industry median of 13.09. Mills Locacao Servicos e Logistica's overall GF Score™ is 89/100 with 5 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 Mills Locacao Servicos e Logistica (BSP:MILS3), the current Interest Coverage is 2.76 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 Mills Locacao Servicos e Logistica (BSP:MILS3) Overvalued in 2026?

Based on GuruFocus' analysis, Mills Locacao Servicos e Logistica stock appears to be overvalued. The current stock price of R$15.40 is trading 0.3% above its estimated GF Value™ of R$15.35. GuruFocus considers Mills Locacao Servicos e Logistica to be Fairly Valued.

Key valuation signals for BSP:MILS3:

  • Interest Coverage: 2.76 (near median its 10-year median of 2.97)
  • GF Value™: R$15.35 vs. price of R$15.40 (0.3% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 78.9% below the Business Services median (#677 of 814)

No single metric tells the full story. See the BSP:MILS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mills Locacao Servicos e Logistica Business Description

Address Avenida Euzebio Matoso, n 1375, Suites n 1101, 1102, 1201 and 1202, 11th and 12th floors, Sao Paulo, SP, BRA, 05423-180
Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Formwork and Shoring segment and Rental segment, and the majority of the revenue derives from the Rental business segment.
89GF Score

Get the complete analysis for BSP:MILS3

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

R$15.40
Price
R$15.35
GF Value