2020 Bulkers (FRA:0FF) Interest Coverage: No Debt (1) (As of Mar. 2026) — 79% Below Median


FRA:0FF 2020 Bulkers Ltd FRA:0FF
56 GF Score
Price €0.28
GF Value €6.91
Valuation Significantly Undervalued
! 4 Warning Signs
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What is 2020 Bulkers Interest Coverage?

2020 Bulkers FRA:0FF -1.33% 56 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 4.83. GuruFocus rates FRA:0FF with a GF Score™ of 56/100 and a GF Value™ of €6.91 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 845 Transportation companies, 2020 Bulkers ranks worse than 55.98% 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. 2020 Bulkers's Operating Income for the three months ended in Mar. 2026 was €0.00 Mil. 2020 Bulkers's Interest Expense for the three months ended in Mar. 2026 was €0.00 Mil. 2020 Bulkers has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for 2020 Bulkers's Interest Coverage or its related term are showing as below:

FRA:0FF' s Interest Coverage Range Over the Past 10 Years
Min: 1.8   Med: 4.83   Max: No Debt
Current: 4.77


FRA:0FF's Interest Coverage is ranked worse than
55.98% of 845 companies
in the Transportation industry
Industry Median: 5.66 vs FRA:0FF: 4.77

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


2020 Bulkers  (FRA:0FF) 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 .


2020 Bulkers Interest Coverage Related Terms


2020 Bulkers Interest Coverage Historical Data

* Premium members only.

The historical data trend for 2020 Bulkers'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.

2020 Bulkers Interest Coverage Chart

2020 Bulkers Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 8.46 4.41 3.37 6.29 4.83

2020 Bulkers 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 1.05 3.79 6.16 8.31 No Debt

2020 Bulkers Interest Coverage Competitor Comparison

For the Marine Shipping subindustry, 2020 Bulkers'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.


2020 Bulkers Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, 2020 Bulkers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where 2020 Bulkers's Interest Coverage falls into.


FRA:0FF
56GF Score
2020 Bulkers Ltd FRA:0FF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2020 Bulkers 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.

2020 Bulkers'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, 2020 Bulkers's Interest Expense was €-6.49 Mil. Its Operating Income was €31.34 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*31.342/-6.49
=4.83

2020 Bulkers's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, 2020 Bulkers's Interest Expense was €0.00 Mil. Its Operating Income was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

2020 Bulkers had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
2020 Bulkers (FRA:0FF) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on 2020 Bulkers and its competitors. This is 79% below median its historical median of 4.83. Over the past decade, 2020 Bulkers' Interest Coverage has ranged from 1.80 to 10,000.00. According to the industry distribution chart, 2020 Bulkers ranks #473 out of 845 companies in the Transportation industry, placing it in the top 56%.
Is 2020 Bulkers' Interest Coverage too high?
2020 Bulkers' current Interest Coverage of No Debt (1) is 79% below median its 10-year median of 4.83. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 10,000.00. Based on the distribution chart, 2020 Bulkers ranks #473 out of 845 companies in the Transportation industry, which is below the industry midpoint. Overall, 2020 Bulkers has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 2020 Bulkers' Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, 2020 Bulkers ranks #473 out of 845 companies for Interest Coverage. This places 2020 Bulkers in the lower half of its industry. The industry median Interest Coverage is 5.66. Historically, 2020 Bulkers' own Interest Coverage has ranged from 1.80 to 10,000.00 over the past decade. 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 a Transportation company?
The median Interest Coverage among Transportation companies is 5.66, based on 845 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 2020 Bulkers and its competitors. For the Transportation industry, the median Interest Coverage is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2020 Bulkers's current Interest Coverage is No Debt (1), which is 79% below median its own 10-year median of 4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2020 Bulkers stock overvalued right now?
Based on GuruFocus' analysis, 2020 Bulkers (FRA:0FF) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.91, compared to a current price of €0.28 — trading 95.9% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 79% below median its 10-year median of 4.83. 2020 Bulkers' overall GF Score™ is 56/100 with 4 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 2020 Bulkers (FRA:0FF), the current Interest Coverage is No Debt (1) 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 2020 Bulkers (FRA:0FF) Overvalued in 2026?

Based on GuruFocus' analysis, 2020 Bulkers stock appears to be undervalued. The current stock price of €0.28 is trading 95.9% below its estimated GF Value™ of €6.91. GuruFocus considers 2020 Bulkers to be Significantly Undervalued.

Key valuation signals for FRA:0FF:

  • Interest Coverage: No Debt (1) (79% below median its 10-year median of 4.83)
  • GF Value™: €6.91 vs. price of €0.28 (95.9% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the FRA:0FF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


2020 Bulkers Business Description

Address Tjuvholmen alle 3, 9th floor, Oslo, NOR, 0252
2020 Bulkers Ltd is an owner and operator of large dry bulk vessels. The company has eight Newcastlemax dry bulk vessels in operation.
56GF Score

Get the complete analysis for FRA:0FF

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

€0.28
Price
€6.91
GF Value