Equinor ASAFRA:DNQ -1.51%79 Interest Coverage is 20.33 as of Mar. 2026, which is 33% below its 10-year median of 30.56. GuruFocus rates FRA:DNQ with a GF Score™ of 79/100 and a GF Value™ of €26.29 (Fairly Valued). The stock has 4 warning signs investors should review. Among 728 Oil & Gas companies, Equinor ASA ranks better than 76.24% 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. Equinor ASA's
Operating Income
for the
three
months ended in Mar. 2026 was €7,615 Mil. Equinor ASA's Interest Expense for the
three
months ended in Mar. 2026 was €-375 Mil.
Equinor ASA's interest coverage for the quarter that ended in Mar. 2026 was 20.33.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Equinor ASA's Interest Coverage or its related term are showing as below:
FRA:DNQ'
s Interest Coverage Range Over the Past 10 Years
Min: 8.74 Med: 30.56 Max: 83.68
Current: 26.47
FRA:DNQ's Interest Coverage is ranked better than 76.24% of 728
companies
in the Oil & Gas industry
Industry Median: 5.84
vs FRA:DNQ: 26.47
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 .
Equinor ASA Interest Coverage Related Terms
Equinor ASA Interest Coverage Historical Data
* Premium members only.
The historical data trend for Equinor ASA'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.
For the Oil & Gas Integrated subindustry, Equinor ASA'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.
Equinor ASA Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Equinor ASA'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.
Equinor ASA (FRA:DNQ) has a Interest Coverage of 20.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Equinor ASA and its competitors. This is 33% below median its historical median of 30.56. Over the past decade, Equinor ASA's Interest Coverage has ranged from 8.74 to 83.68. According to the industry distribution chart, Equinor ASA ranks #173 out of 728 companies in the Oil & Gas industry, placing it in the top 23.8%.
Is Equinor ASA's Interest Coverage too high?
Equinor ASA's current Interest Coverage of 20.33 is 33% below median its 10-year median of 30.56. Over the past 10 years, this metric has ranged from a low of 8.74 to a high of 83.68. The Oil & Gas industry median Interest Coverage is 5.84. Equinor ASA's value of 20.33 is 248.1% above this industry median. Based on the distribution chart, Equinor ASA ranks #173 out of 728 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Equinor ASA has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's Interest Coverage compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #173 out of 728 companies for Interest Coverage. This places Equinor ASA in the top 24% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.84. Equinor ASA's value of 20.33 is 248.1% above this benchmark. Historically, Equinor ASA's own Interest Coverage has ranged from 8.74 to 83.68 over the past decade. While the company's 10-year median is 30.56 vs. the industry median of 5.84, Equinor ASA 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 Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.84, based on 728 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. Equinor ASA's current Interest Coverage of 20.33 is 248.1% 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 Equinor ASA and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA's current Interest Coverage is 20.33, which is 33% below median its own 10-year median of 30.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Fairly Valued. The stock's GF Value™ is €26.29, compared to a current price of €27.31 — trading 3.9% above its estimated fair value. The current Interest Coverage is 20.33, which is 33% below median its 10-year median of 30.56 and 248.1% above the Oil & Gas industry median of 5.84. Equinor ASA's overall GF Score™ is 79/100 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 Equinor ASA (FRA:DNQ), the current Interest Coverage is 20.33 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?
Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued.
The current stock price of €27.31 is trading 3.9% above its estimated GF Value™ of €26.29.
GuruFocus considers Equinor ASA to be Fairly Valued.
Key valuation signals for FRA:DNQ:
Interest Coverage: 20.33 (33% below median its 10-year median of 30.56)
GF Value™: €26.29 vs. price of €27.31 (3.9% above fair value)
Industry Position: 248.1% above the Oil & Gas median (#173 of 728)
No single metric tells the full story. See the FRA:DNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
79GF Score
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