MJL Bangladesh (DHA:MJLBD) Interest Coverage: 2.49 (As of Mar. 2026) — 55% Below Median

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DHA:MJLBD MJL Bangladesh PLC DHA:MJLBD
100 GF Score
Price BDT94.10
GF Value BDT96.24
Valuation Fairly Valued
! 10 Warning Signs
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What is MJL Bangladesh Interest Coverage?

MJL Bangladesh DHA:MJLBD -0.74% 100 Interest Coverage is 2.49 as of Mar. 2026, which is 55% below its 10-year median of 5.59. GuruFocus rates DHA:MJLBD with a GF Score™ of 100/100 and a GF Value™ of BDT96.24 (Fairly Valued). The stock has 10 warning signs investors should review. Among 731 Oil & Gas companies, MJL Bangladesh ranks worse than 80.57% 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. MJL Bangladesh's Operating Income for the three months ended in Mar. 2026 was BDT1,662 Mil. MJL Bangladesh's Interest Expense for the three months ended in Mar. 2026 was BDT-668 Mil. MJL Bangladesh's interest coverage for the quarter that ended in Mar. 2026 was 2.49. The higher the ratio, the stronger the company's financial strength is.

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

DHA:MJLBD' s Interest Coverage Range Over the Past 10 Years
Min: 1.89   Med: 5.59   Max: 10.98
Current: 1.89


DHA:MJLBD's Interest Coverage is ranked worse than
80.57% of 731 companies
in the Oil & Gas industry
Industry Median: 6.07 vs DHA:MJLBD: 1.89

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


MJL Bangladesh  (DHA:MJLBD) 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 .


MJL Bangladesh Interest Coverage Related Terms


MJL Bangladesh Interest Coverage Historical Data

* Premium members only.

The historical data trend for MJL Bangladesh'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.

MJL Bangladesh Interest Coverage Chart

MJL Bangladesh Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.87 10.98 6.62 3.90 2.83

MJL Bangladesh 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 1.56 1.43 1.90 1.63 2.49

DHA:MJLBD vs VLO, MPC, PSX: Interest Coverage Comparison

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.


MJL Bangladesh Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MJL Bangladesh's Interest Coverage falls into.


DHA:MJLBD
100GF Score
MJL Bangladesh PLC DHA:MJLBD
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MJL Bangladesh 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.

MJL Bangladesh's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, MJL Bangladesh's Interest Expense was BDT-1,917 Mil. Its Operating Income was BDT5,428 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT2,381 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*5427.568/-1917.175
=2.83

MJL Bangladesh's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, MJL Bangladesh's Interest Expense was BDT-668 Mil. Its Operating Income was BDT1,662 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT10,062 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1661.798/-668.386
=2.49

* 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 2.49 mean?
MJL Bangladesh (DHA:MJLBD) has a Interest Coverage of 2.49 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MJL Bangladesh and its competitors. This is 55% below median its historical median of 5.59. Over the past decade, MJL Bangladesh's Interest Coverage has ranged from 1.89 to 10.98. According to the industry distribution chart, MJL Bangladesh ranks #589 out of 731 companies in the Oil & Gas industry, placing it in the top 80.6%.
Is MJL Bangladesh's Interest Coverage too high?
MJL Bangladesh's current Interest Coverage of 2.49 is 55% below median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 10.98. The Oil & Gas industry median Interest Coverage is 6.07. MJL Bangladesh's value of 2.49 is 59% below this industry median. Based on the distribution chart, MJL Bangladesh ranks #589 out of 731 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, MJL Bangladesh has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's Interest Coverage compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MJL Bangladesh ranks #589 out of 731 companies for Interest Coverage. This places MJL Bangladesh in the lower half of its industry. The industry median Interest Coverage is 6.07. MJL Bangladesh's value of 2.49 is 59% below this benchmark. Historically, MJL Bangladesh's own Interest Coverage has ranged from 1.89 to 10.98 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 6.07, MJL Bangladesh 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.07, based on 731 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. MJL Bangladesh's current Interest Coverage of 2.49 is 59% 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 MJL Bangladesh and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current Interest Coverage is 2.49, which is 55% below median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT96.24, compared to a current price of BDT94.10 — trading 2.2% below its estimated fair value. The current Interest Coverage is 2.49, which is 55% below median its 10-year median of 5.59 and 59% below the Oil & Gas industry median of 6.07. MJL Bangladesh's overall GF Score™ is 100/100 with 10 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 MJL Bangladesh (DHA:MJLBD), the current Interest Coverage is 2.49 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 MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?

Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued. The current stock price of BDT94.10 is trading 2.2% below its estimated GF Value™ of BDT96.24. GuruFocus considers MJL Bangladesh to be Fairly Valued.

Key valuation signals for DHA:MJLBD:

  • Interest Coverage: 2.49 (55% below median its 10-year median of 5.59)
  • GF Value™: BDT96.24 vs. price of BDT94.10 (2.2% below fair value)
  • GF Score™: 100/100 with 10 warning signs
  • Industry Position: 59% below the Oil & Gas median (#589 of 731)

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


MJL Bangladesh Business Description

Industry EnergyOil & Gas
Address Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
100GF Score

Get the complete analysis for DHA:MJLBD

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

BDT94.10
Price
BDT96.24
GF Value