Taqa Morocco (CAS:TQM) Interest Coverage: 11.60 (As of Dec. 2025) — 149% Above Median


CAS:TQM Taqa Morocco SA CAS:TQM
74 GF Score
Price MAD1,788.00
GF Value MAD1,227.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Taqa Morocco Interest Coverage?

Taqa Morocco CAS:TQM +1.30% 74 Interest Coverage is 11.60 as of Dec. 2025, which is 149% above its 10-year median of 4.66. GuruFocus rates CAS:TQM with a GF Score™ of 74/100 and a GF Value™ of MAD1,227.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 321 Utilities - Independent Power Producers companies, Taqa Morocco ranks better than 78.82% 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. Taqa Morocco's Operating Income for the six months ended in Dec. 2025 was MAD1,157 Mil. Taqa Morocco's Interest Expense for the six months ended in Dec. 2025 was MAD-100 Mil. Taqa Morocco's interest coverage for the quarter that ended in Dec. 2025 was 11.60. The higher the ratio, the stronger the company's financial strength is.

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

CAS:TQM' s Interest Coverage Range Over the Past 10 Years
Min: 3.27   Med: 4.66   Max: 7.62
Current: 7.61


CAS:TQM's Interest Coverage is ranked better than
78.82% of 321 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.92 vs CAS:TQM: 7.61

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


Taqa Morocco  (CAS:TQM) 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 .


Taqa Morocco Interest Coverage Related Terms


Taqa Morocco Interest Coverage Historical Data

* Premium members only.

The historical data trend for Taqa Morocco'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.

Taqa Morocco Interest Coverage Chart

Taqa Morocco 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 4.80 6.16 7.62 4.89 4.92

Taqa Morocco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 N/A 6.29 7.49 5.78 11.60

CAS:TQM vs CEG, VST, NRG: Interest Coverage Comparison

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.


Taqa Morocco Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Taqa Morocco's Interest Coverage falls into.


CAS:TQM
74GF Score
Taqa Morocco SA CAS:TQM
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taqa Morocco 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.

Taqa Morocco'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, Taqa Morocco's Interest Expense was MAD-490 Mil. Its Operating Income was MAD2,411 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD9,679 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*2410.791/-489.534
=4.92

Taqa Morocco's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Taqa Morocco's Interest Expense was MAD-100 Mil. Its Operating Income was MAD1,157 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD9,679 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*1156.648/-99.753
=11.60

* 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 11.60 mean?
Taqa Morocco (CAS:TQM) has a Interest Coverage of 11.60 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Taqa Morocco and its competitors. This is 149% above median its historical median of 4.66. Over the past decade, Taqa Morocco's Interest Coverage has ranged from 3.27 to 7.62. According to the industry distribution chart, Taqa Morocco ranks #68 out of 321 companies in the Utilities - Independent Power Producers industry, placing it in the top 21.2%.
Is Taqa Morocco's Interest Coverage too high?
Taqa Morocco's current Interest Coverage of 11.60 is 149% above median its 10-year median of 4.66. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 7.62. The Utilities - Independent Power Producers industry median Interest Coverage is 2.92. Taqa Morocco's value of 11.60 is 297.3% above this industry median. Based on the distribution chart, Taqa Morocco ranks #68 out of 321 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Taqa Morocco has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's Interest Coverage compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Taqa Morocco ranks #68 out of 321 companies for Interest Coverage. This places Taqa Morocco in the top 21% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 2.92. Taqa Morocco's value of 11.60 is 297.3% above this benchmark. Historically, Taqa Morocco's own Interest Coverage has ranged from 3.27 to 7.62 over the past decade. While the company's 10-year median is 4.66 vs. the industry median of 2.92, Taqa Morocco 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.92, based on 321 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. Taqa Morocco's current Interest Coverage of 11.60 is 297.3% 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 Taqa Morocco and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taqa Morocco's current Interest Coverage is 11.60, which is 149% above median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,227.80, compared to a current price of MAD1,788.00 — trading 45.6% above its estimated fair value. The current Interest Coverage is 11.60, which is 149% above median its 10-year median of 4.66 and 297.3% above the Utilities - Independent Power Producers industry median of 2.92. Taqa Morocco's overall GF Score™ is 74/100 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 Taqa Morocco (CAS:TQM), the current Interest Coverage is 11.60 as of Dec. 2025. 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?

Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued. The current stock price of MAD1,788.00 is trading 45.6% above its estimated GF Value™ of MAD1,227.80. GuruFocus considers Taqa Morocco to be Significantly Overvalued.

Key valuation signals for CAS:TQM:

  • Interest Coverage: 11.60 (149% above median its 10-year median of 4.66)
  • GF Value™: MAD1,227.80 vs. price of MAD1,788.00 (45.6% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 297.3% above the Utilities - Independent Power Producers median (#68 of 321)

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


Taqa Morocco Business Description

Address B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
74GF Score

Get the complete analysis for CAS:TQM

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

MAD1,788.00
Price
MAD1,227.80
GF Value