EXMRF (Exmar NV) Interest Coverage: 2.91 (As of Dec. 2025) — 26% Below Median


EXMRF Exmar NV EXMRF
66 GF Score
Price $12.50
GF Value $7.60
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Exmar NV Interest Coverage?

Exmar NV EXMRF 66 Interest Coverage is 2.91 as of Dec. 2025, which is 26% below its 10-year median of 3.94. GuruFocus rates EXMRF with a GF Score™ of 66/100 and a GF Value™ of $7.60 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 731 Oil & Gas companies, Exmar NV ranks worse than 60.88% 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. Exmar NV's Operating Income for the six months ended in Dec. 2025 was $24.4 Mil. Exmar NV's Interest Expense for the six months ended in Dec. 2025 was $-8.4 Mil. Exmar NV's interest coverage for the quarter that ended in Dec. 2025 was 2.91. The higher the ratio, the stronger the company's financial strength is.

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

EXMRF' s Interest Coverage Range Over the Past 10 Years
Min: 0.07   Med: 3.94   Max: 7.98
Current: 3.77


EXMRF's Interest Coverage is ranked worse than
60.88% of 731 companies
in the Oil & Gas industry
Industry Median: 5.89 vs EXMRF: 3.77

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


Exmar NV  (OTCPK:EXMRF) 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 .


Exmar NV Interest Coverage Related Terms


Exmar NV Interest Coverage Historical Data

* Premium members only.

The historical data trend for Exmar NV'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.

Exmar NV Interest Coverage Chart

Exmar NV 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 1.29 0.00 4.33 4.10 3.77

Exmar NV 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 6.64 4.12 4.07 4.51 2.91

EXMRF vs SLB, BKR, HAL: Interest Coverage Comparison

For the Oil & Gas Equipment & Services subindustry, Exmar NV'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.


Exmar NV Interest Coverage vs Oil & Gas Industry

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

* The bar in red indicates where Exmar NV's Interest Coverage falls into.


EXMRF
66GF Score
Exmar NV EXMRF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exmar NV 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.

Exmar NV'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, Exmar NV's Interest Expense was $-18.1 Mil. Its Operating Income was $68.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $245.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*68.049/-18.06
=3.77

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

Here, for the six months ended in Dec. 2025, Exmar NV's Interest Expense was $-8.4 Mil. Its Operating Income was $24.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $245.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*24.405/-8.389
=2.91

* 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 2.91 mean?
Exmar NV (EXMRF) has a Interest Coverage of 2.91 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Exmar NV and its competitors. This is 26% below median its historical median of 3.94. Over the past decade, Exmar NV's Interest Coverage has ranged from 0.07 to 7.98. According to the industry distribution chart, Exmar NV ranks #445 out of 731 companies in the Oil & Gas industry, placing it in the top 60.9%.
Is Exmar NV's Interest Coverage too high?
Exmar NV's current Interest Coverage of 2.91 is 26% below median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 7.98. The Oil & Gas industry median Interest Coverage is 5.89. Exmar NV's value of 2.91 is 50.6% below this industry median. Based on the distribution chart, Exmar NV ranks #445 out of 731 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Exmar NV has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exmar NV's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Exmar NV ranks #445 out of 731 companies for Interest Coverage. This places Exmar NV in the lower half of its industry. The industry median Interest Coverage is 5.89. Exmar NV's value of 2.91 is 50.6% below this benchmark. Historically, Exmar NV's own Interest Coverage has ranged from 0.07 to 7.98 over the past decade. While the company's 10-year median is 3.94 vs. the industry median of 5.89, Exmar NV 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 5.89, 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. Exmar NV's current Interest Coverage of 2.91 is 50.6% 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 Exmar NV and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exmar NV's current Interest Coverage is 2.91, which is 26% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exmar NV stock overvalued right now?
Based on GuruFocus' analysis, Exmar NV (EXMRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.60, compared to a current price of $12.50 — trading 64.5% above its estimated fair value. The current Interest Coverage is 2.91, which is 26% below median its 10-year median of 3.94 and 50.6% below the Oil & Gas industry median of 5.89. Exmar NV's overall GF Score™ is 66/100 with 9 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 Exmar NV (EXMRF), the current Interest Coverage is 2.91 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 Exmar NV (EXMRF) Overvalued in 2026?

Based on GuruFocus' analysis, Exmar NV stock appears to be overvalued. The current stock price of $12.50 is trading 64.5% above its estimated GF Value™ of $7.60. GuruFocus considers Exmar NV to be Significantly Overvalued.

Key valuation signals for EXMRF:

  • Interest Coverage: 2.91 (26% below median its 10-year median of 3.94)
  • GF Value™: $7.60 vs. price of $12.50 (64.5% above fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 50.6% below the Oil & Gas median (#445 of 731)

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


Exmar NV Business Description

Industry EnergyOil & Gas
Address De Gerlachekaai 20, Antwerpen, BEL, 2000
Exmar NV is a liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carrier. It provides industrial marine and energy logistical solutions for transport, regasification and liquefaction within the oil and gas industry. The company has three reportable segments: Shipping, Infrastructure, and Supporting Services. The activities in the shipping segment include the transportation of liquefied gas products such as Liquid Petroleum Gas, anhydrous ammonia, and petrochemical gases. The infrastructure segment includes LNG infrastructure and Offshore, and the segment supporting services include specialized supporting services such as ship management services and travel agency services. The majority of the revenue is generated from the Shipping segment.
66GF Score

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

$12.50
Price
$7.60
GF Value