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. Western Marine Shipyard's
Operating Income
for the
six
months ended in Jun. 2025 was BDT332.7 Mil. Western Marine Shipyard's Interest Expense for the
six
months ended in Jun. 2025 was BDT-398.4 Mil.
Western Marine Shipyard's interest coverage for the quarter that ended in Jun. 2025 was 0.84.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Western Marine Shipyard's Interest Coverage or its related term are showing as below:
DHA:WMSHIPYARD'
s Interest Coverage Range Over the Past 10 Years
Min: 0.71 Med: 1.04 Max: 1.65
Current: 0.84
DHA:WMSHIPYARD's Interest Coverage is ranked worse than 95% of 240
companies
in the Aerospace & Defense industry
Industry Median: 8.545
vs DHA:WMSHIPYARD: 0.84
Western Marine Shipyard (DHA:WMSHIPYARD) 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 .
Western Marine Shipyard Interest Coverage Related Terms
Western Marine Shipyard Interest Coverage Historical Data
* Premium members only.
The historical data trend for Western Marine Shipyard'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.
DHA:WMSHIPYARD vs SPCX, GE, RTX: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Western Marine Shipyard'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.
Western Marine Shipyard Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Western Marine Shipyard's Interest Coverage falls into.
Western Marine Shipyard 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:
* 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.
Western Marine Shipyard (DHA:WMSHIPYARD) has a Interest Coverage of 0.84 as of Jun. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Western Marine Shipyard and its competitors. This is 19% below median its historical median of 1.04. Over the past decade, Western Marine Shipyard's Interest Coverage has ranged from 0.71 to 1.65. According to the industry distribution chart, Western Marine Shipyard ranks #228 out of 240 companies in the Aerospace & Defense industry, placing it in the top 95%.
Is Western Marine Shipyard's Interest Coverage too high?
Western Marine Shipyard's current Interest Coverage of 0.84 is 19% below median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.65. The Aerospace & Defense industry median Interest Coverage is 8.55. Western Marine Shipyard's value of 0.84 is 90.2% below this industry median. Based on the distribution chart, Western Marine Shipyard ranks #228 out of 240 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Western Marine Shipyard has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's Interest Coverage compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #228 out of 240 companies for Interest Coverage. This places Western Marine Shipyard in the lower half of its industry. The industry median Interest Coverage is 8.55. Western Marine Shipyard's value of 0.84 is 90.2% below this benchmark. Historically, Western Marine Shipyard's own Interest Coverage has ranged from 0.71 to 1.65 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 8.55, Western Marine Shipyard 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 Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.55, based on 240 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. Western Marine Shipyard's current Interest Coverage of 0.84 is 90.2% 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 Western Marine Shipyard and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current Interest Coverage is 0.84, which is 19% below median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.03, compared to a current price of BDT10.40 — trading 20.2% below its estimated fair value. The current Interest Coverage is 0.84, which is 19% below median its 10-year median of 1.04 and 90.2% below the Aerospace & Defense industry median of 8.55. Western Marine Shipyard's overall GF Score™ is 76/100 with 8 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current Interest Coverage is 0.84 as of Jun. 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 Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?
Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued.
The current stock price of BDT10.40 is trading 20.2% below its estimated GF Value™ of BDT13.03.
GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.
Key valuation signals for DHA:WMSHIPYARD:
Interest Coverage: 0.84 (19% below median its 10-year median of 1.04)
GF Value™: BDT13.03 vs. price of BDT10.40 (20.2% below fair value)
Industry Position: 90.2% below the Aerospace & Defense median (#228 of 240)
No single metric tells the full story. See the DHA:WMSHIPYARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
76GF Score
Get the complete analysis for DHA:WMSHIPYARD
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