National Cement Co PSC (DFM:NCC) Interest Coverage: 9.46 (As of Mar. 2026) — 95% Below Median


DFM:NCC National Cement Co PSC DFM:NCC
68 GF Score
Price د.إ4.22
GF Value د.إ4.42
Valuation Fairly Valued
! 6 Warning Signs
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What is National Cement Co PSC Interest Coverage?

National Cement Co PSC DFM:NCC 68 Interest Coverage is 9.46 as of Mar. 2026, which is 95% below its 10-year median of 193.02. GuruFocus rates DFM:NCC with a GF Score™ of 68/100 and a GF Value™ of د.إ4.42 (Fairly Valued). The stock has 6 warning signs investors should review. Among 310 Building Materials companies, National Cement Co PSC ranks better than 76.77% 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. National Cement Co PSC's Operating Income for the three months ended in Mar. 2026 was د.إ14.1 Mil. National Cement Co PSC's Interest Expense for the three months ended in Mar. 2026 was د.إ-1.5 Mil. National Cement Co PSC's interest coverage for the quarter that ended in Mar. 2026 was 9.46. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for National Cement Co PSC's Interest Coverage or its related term are showing as below:

DFM:NCC' s Interest Coverage Range Over the Past 10 Years
Min: 0.91   Med: 193.02   Max: 385.13
Current: 25.87


DFM:NCC's Interest Coverage is ranked better than
76.77% of 310 companies
in the Building Materials industry
Industry Median: 6.68 vs DFM:NCC: 25.87

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


National Cement Co PSC  (DFM:NCC) 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 .


National Cement Co PSC Interest Coverage Related Terms


National Cement Co PSC Interest Coverage Historical Data

* Premium members only.

The historical data trend for National Cement Co PSC'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.

National Cement Co PSC Interest Coverage Chart

National Cement Co PSC 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 0.00 0.00 0.00 0.00 385.13

National Cement Co PSC 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 No Debt 136.48 247.70 7,397.50 9.46

DFM:NCC vs CRH, VMC, MLM: Interest Coverage Comparison

For the Building Materials subindustry, National Cement Co PSC'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.


National Cement Co PSC Interest Coverage vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, National Cement Co PSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where National Cement Co PSC's Interest Coverage falls into.


DFM:NCC
68GF Score
National Cement Co PSC DFM:NCC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Cement Co PSC 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.

National Cement Co PSC'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, National Cement Co PSC's Interest Expense was د.إ-0.1 Mil. Its Operating Income was د.إ21.6 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*21.567/-0.056
=385.13

National Cement Co PSC's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, National Cement Co PSC's Interest Expense was د.إ-1.5 Mil. Its Operating Income was د.إ14.1 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*14.056/-1.486
=9.46

* 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 9.46 mean?
National Cement Co PSC (DFM:NCC) has a Interest Coverage of 9.46 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Cement Co PSC and its competitors. This is 95% below median its historical median of 193.02. Over the past decade, National Cement Co PSC's Interest Coverage has ranged from 0.91 to 385.13. According to the industry distribution chart, National Cement Co PSC ranks #72 out of 310 companies in the Building Materials industry, placing it in the top 23.2%.
Is National Cement Co PSC's Interest Coverage too high?
National Cement Co PSC's current Interest Coverage of 9.46 is 95% below median its 10-year median of 193.02. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 385.13. The Building Materials industry median Interest Coverage is 6.68. National Cement Co PSC's value of 9.46 is 41.6% above this industry median. Based on the distribution chart, National Cement Co PSC ranks #72 out of 310 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, National Cement Co PSC has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Interest Coverage compare to CRH and VMC?
According to the Building Materials industry distribution chart, National Cement Co PSC ranks #72 out of 310 companies for Interest Coverage. This places National Cement Co PSC in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 6.68. National Cement Co PSC's value of 9.46 is 41.6% above this benchmark. Historically, National Cement Co PSC's own Interest Coverage has ranged from 0.91 to 385.13 over the past decade. While the company's 10-year median is 193.02 vs. the industry median of 6.68, National Cement Co PSC 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 Building Materials company?
The median Interest Coverage among Building Materials companies is 6.68, based on 310 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. National Cement Co PSC's current Interest Coverage of 9.46 is 41.6% 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 National Cement Co PSC and its competitors. For the Building Materials industry, the median Interest Coverage is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Cement Co PSC's current Interest Coverage is 9.46, which is 95% below median its own 10-year median of 193.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.42, compared to a current price of د.إ4.22 — trading 4.5% below its estimated fair value. The current Interest Coverage is 9.46, which is 95% below median its 10-year median of 193.02 and 41.6% above the Building Materials industry median of 6.68. National Cement Co PSC's overall GF Score™ is 68/100 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 National Cement Co PSC (DFM:NCC), the current Interest Coverage is 9.46 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?

Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued. The current stock price of د.إ4.22 is trading 4.5% below its estimated GF Value™ of د.إ4.42. GuruFocus considers National Cement Co PSC to be Fairly Valued.

Key valuation signals for DFM:NCC:

  • Interest Coverage: 9.46 (95% below median its 10-year median of 193.02)
  • GF Value™: د.إ4.42 vs. price of د.إ4.22 (4.5% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 41.6% above the Building Materials median (#72 of 310)

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


National Cement Co PSC Business Description

Address Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
68GF Score

Get the complete analysis for DFM:NCC

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

د.إ4.22
Price
د.إ4.42
GF Value