Leonardo SpAFINMF -5.67%84 Interest Coverage is 10.91 as of Mar. 2026, which is 85% above its 10-year median of 5.90. GuruFocus rates FINMF with a GF Score™ of 84/100 and a GF Value™ of $34.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 241 Aerospace & Defense companies, Leonardo SpA ranks better than 75.52% 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. Leonardo SpA's
Operating Income
for the
three
months ended in Mar. 2026 was $290 Mil. Leonardo SpA's Interest Expense for the
three
months ended in Mar. 2026 was $-27 Mil.
Leonardo SpA's interest coverage for the quarter that ended in Mar. 2026 was 10.91.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Leonardo SpA's Interest Coverage or its related term are showing as below:
FINMF'
s Interest Coverage Range Over the Past 10 Years
Min: 2.36 Med: 5.9 Max: 23.51
Current: 23.51
FINMF's Interest Coverage is ranked better than 75.52% of 241
companies
in the Aerospace & Defense industry
Industry Median: 8.69
vs FINMF: 23.51
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 .
Leonardo SpA Interest Coverage Related Terms
Leonardo SpA Interest Coverage Historical Data
* Premium members only.
The historical data trend for Leonardo SpA'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.
FINMF vs GE, RTX, BA: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Leonardo SpA'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.
Leonardo SpA Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's Interest Coverage falls into.
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.
Leonardo SpA (FINMF) has a Interest Coverage of 10.91 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Leonardo SpA and its competitors. This is 85% above median its historical median of 5.90. Over the past decade, Leonardo SpA's Interest Coverage has ranged from 2.36 to 23.51. According to the industry distribution chart, Leonardo SpA ranks #59 out of 241 companies in the Aerospace & Defense industry, placing it in the top 24.5%.
Is Leonardo SpA's Interest Coverage too high?
Leonardo SpA's current Interest Coverage of 10.91 is 85% above median its 10-year median of 5.90. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 23.51. The Aerospace & Defense industry median Interest Coverage is 8.69. Leonardo SpA's value of 10.91 is 25.5% above this industry median. Based on the distribution chart, Leonardo SpA ranks #59 out of 241 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Leonardo SpA has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Interest Coverage compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #59 out of 241 companies for Interest Coverage. This places Leonardo SpA in the top 25% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.69. Leonardo SpA's value of 10.91 is 25.5% above this benchmark. Historically, Leonardo SpA's own Interest Coverage has ranged from 2.36 to 23.51 over the past decade. While the company's 10-year median is 5.90 vs. the industry median of 8.69, Leonardo SpA 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 an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 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. Leonardo SpA's current Interest Coverage of 10.91 is 25.5% 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 Leonardo SpA and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current Interest Coverage is 10.91, which is 85% above median its own 10-year median of 5.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.89, compared to a current price of $55.36 — trading 58.7% above its estimated fair value. The current Interest Coverage is 10.91, which is 85% above median its 10-year median of 5.90 and 25.5% above the Aerospace & Defense industry median of 8.69. Leonardo SpA's overall GF Score™ is 84/100 with 1 warning sign 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 Leonardo SpA (FINMF), the current Interest Coverage is 10.91 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 Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $55.36 is trading 58.7% above its estimated GF Value™ of $34.89.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Interest Coverage: 10.91 (85% above median its 10-year median of 5.90)
GF Value™: $34.89 vs. price of $55.36 (58.7% above fair value)
Industry Position: 25.5% above the Aerospace & Defense median (#59 of 241)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
84GF Score
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