FCEL (FuelCell Energy) Interest Coverage: 0 (At Loss) (As of Apr. 2026)


FCEL FuelCell Energy Inc FCEL
60 GF Score
Price $21.56
GF Value $7.96
Valuation Significantly Overvalued
! 8 Warning Signs
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What is FuelCell Energy Interest Coverage?

FuelCell Energy FCEL -1.03% 60 Interest Coverage is 0 (At Loss) as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 60/100 and a GF Value™ of $7.96 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,330 Industrial Products companies, FuelCell Energy ranks worse than 42918.41% 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. FuelCell Energy's Operating Income for the three months ended in Apr. 2026 was $-35.3 Mil. FuelCell Energy's Interest Expense for the three months ended in Apr. 2026 was $-2.9 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


FCEL's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 14.835
* Ranked among companies with meaningful Interest Coverage only.

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


FuelCell Energy  (NAS:FCEL) 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 .


FuelCell Energy Interest Coverage Related Terms


FuelCell Energy Interest Coverage Historical Data

* Premium members only.

The historical data trend for FuelCell Energy'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.

FuelCell Energy Interest Coverage Chart

FuelCell Energy Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FuelCell Energy Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00 0.00

FCEL vs ENR, ADSE, KE: Interest Coverage Comparison

For the Electrical Equipment & Parts subindustry, FuelCell Energy'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.


FuelCell Energy Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FuelCell Energy's Interest Coverage falls into.


FCEL
60GF Score
FuelCell Energy Inc FCEL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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FuelCell Energy 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.

FuelCell Energy's Interest Coverage for the fiscal year that ended in Oct. 2025 is calculated as

Here, for the fiscal year that ended in Oct. 2025, FuelCell Energy's Interest Expense was $-10.4 Mil. Its Operating Income was $-121.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $127.2 Mil.

FuelCell Energy did not have earnings to cover the interest expense.

FuelCell Energy's Interest Coverage for the quarter that ended in Apr. 2026 is calculated as

Here, for the three months ended in Apr. 2026, FuelCell Energy's Interest Expense was $-2.9 Mil. Its Operating Income was $-35.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $141.3 Mil.

FuelCell Energy did not have earnings to cover the 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.

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 0 (At Loss) mean?
FuelCell Energy (FCEL) has a Interest Coverage of 0 (At Loss) as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #999999 out of 2330 companies in the Industrial Products industry.
Is FuelCell Energy's Interest Coverage too high?
FuelCell Energy's current Interest Coverage is 0 (At Loss). Based on the distribution chart, FuelCell Energy ranks #999999 out of 2330 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Interest Coverage compare to ENR and ADSE?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #999999 out of 2330 companies for Interest Coverage. This places FuelCell Energy in the lower half of its industry. The industry median Interest Coverage is 14.84. 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 Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.84, based on 2,330 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. 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 FuelCell Energy and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.96, compared to a current price of $21.56 — trading 170.9% above its estimated fair value. The current Interest Coverage is 0 (At Loss). FuelCell Energy's overall GF Score™ is 60/100 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 FuelCell Energy (FCEL), the current Interest Coverage is 0 (At Loss) as of Apr. 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 FuelCell Energy (FCEL) Overvalued in 2026?

Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued. The current stock price of $21.56 is trading 170.9% above its estimated GF Value™ of $7.96. GuruFocus considers FuelCell Energy to be Significantly Overvalued.

Key valuation signals for FCEL:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: $7.96 vs. price of $21.56 (170.9% above fair value)
  • GF Score™: 60/100 with 8 warning signs

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


FuelCell Energy Business Description

Address 3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
60GF Score

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

$21.56
Price
$7.96
GF Value