BYD (Boyd Gaming) Interest Coverage: 6.39 (As of Jun. 2026) — 95% Above Median

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BYD Boyd Gaming Corp BYD
87 GF Score
Price $84.83
GF Value $90.86
Valuation Fairly Valued
! 5 Warning Signs
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What is Boyd Gaming Interest Coverage?

Boyd Gaming BYD -0.27% 87 Interest Coverage is 6.39 as of Jun. 2026, which is 95% above its 10-year median of 3.27. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 611 Travel & Leisure companies, Boyd Gaming ranks better than 53.68% 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. Boyd Gaming's Operating Income for the three months ended in Jun. 2026 was $201 Mil. Boyd Gaming's Interest Expense for the three months ended in Jun. 2026 was $-31 Mil. Boyd Gaming's interest coverage for the quarter that ended in Jun. 2026 was 6.39. The higher the ratio, the stronger the company's financial strength is.

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

BYD' s Interest Coverage Range Over the Past 10 Years
Min: 0.82   Med: 3.27   Max: 6.76
Current: 6.47


BYD's Interest Coverage is ranked better than
53.68% of 611 companies
in the Travel & Leisure industry
Industry Median: 5.23 vs BYD: 6.47

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


Boyd Gaming  (NYSE:BYD) 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 .


Boyd Gaming Interest Coverage Related Terms


Boyd Gaming Interest Coverage Historical Data

* Premium members only.

The historical data trend for Boyd Gaming'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.

Boyd Gaming Interest Coverage Chart

Boyd Gaming 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 4.55 6.76 5.90 5.29 5.56

Boyd Gaming Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.79 6.16 7.78 5.76 6.39

BYD vs CZR, MTN, HGV: Interest Coverage Comparison

For the Resorts & Casinos subindustry, Boyd Gaming'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.


Boyd Gaming Interest Coverage vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Interest Coverage distribution charts can be found below:

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


BYD
87GF Score
Boyd Gaming Corp BYD
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boyd Gaming 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.

Boyd Gaming'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, Boyd Gaming's Interest Expense was $-158 Mil. Its Operating Income was $877 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,600 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*876.801/-157.642
=5.56

Boyd Gaming's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, Boyd Gaming's Interest Expense was $-31 Mil. Its Operating Income was $201 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,139 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*200.698/-31.423
=6.39

* 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 6.39 mean?
Boyd Gaming (BYD) has a Interest Coverage of 6.39 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Boyd Gaming and its competitors. This is 95% above median its historical median of 3.27. Over the past decade, Boyd Gaming's Interest Coverage has ranged from 0.82 to 6.76. According to the industry distribution chart, Boyd Gaming ranks #283 out of 611 companies in the Travel & Leisure industry, placing it in the top 46.3%.
Is Boyd Gaming's Interest Coverage too high?
Boyd Gaming's current Interest Coverage of 6.39 is 95% above median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 6.76. The Travel & Leisure industry median Interest Coverage is 5.23. Boyd Gaming's value of 6.39 is 22.2% above this industry median. Based on the distribution chart, Boyd Gaming ranks #283 out of 611 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Interest Coverage compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #283 out of 611 companies for Interest Coverage. This puts Boyd Gaming in the upper half of its industry. The industry median Interest Coverage is 5.23. Boyd Gaming's value of 6.39 is 22.2% above this benchmark. Historically, Boyd Gaming's own Interest Coverage has ranged from 0.82 to 6.76 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 5.23, Boyd Gaming has consistently been above 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 Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.23, based on 611 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. Boyd Gaming's current Interest Coverage of 6.39 is 22.2% above 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 Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Interest Coverage is 6.39, which is 95% above median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Interest Coverage is 6.39, which is 95% above median its 10-year median of 3.27 and 22.2% above the Travel & Leisure industry median of 5.23. Boyd Gaming's overall GF Score™ is 87/100 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 Boyd Gaming (BYD), the current Interest Coverage is 6.39 as of Jun. 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 Boyd Gaming (BYD) Overvalued in 2026?

Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued. The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86. GuruFocus considers Boyd Gaming to be Fairly Valued.

Key valuation signals for BYD:

  • Interest Coverage: 6.39 (95% above median its 10-year median of 3.27)
  • GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 22.2% above the Travel & Leisure median (#283 of 611)

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


Boyd Gaming Business Description

Other Exchanges BO5:Germany
Address 6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score

Get the complete analysis for BYD

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

$84.83
Price
$90.86
GF Value