KNOT Offshore Partners LP (FRA:KO4) Interest Coverage: 1.06 (As of Mar. 2026) — 61% Below Median

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FRA:KO4 KNOT Offshore Partners LP FRA:KO4
68 GF Score
Price €9.19
GF Value €6.95
Valuation Significantly Overvalued
! 9 Warning Signs
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What is KNOT Offshore Partners LP Interest Coverage?

KNOT Offshore Partners LP FRA:KO4 -1.26% 68 Interest Coverage is 1.06 as of Mar. 2026, which is 61% below its 10-year median of 2.70. GuruFocus rates FRA:KO4 with a GF Score™ of 68/100 and a GF Value™ of €6.95 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 730 Oil & Gas companies, KNOT Offshore Partners LP ranks worse than 85.34% 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. KNOT Offshore Partners LP's Operating Income for the three months ended in Mar. 2026 was €12.7 Mil. KNOT Offshore Partners LP's Interest Expense for the three months ended in Mar. 2026 was €-12.0 Mil. KNOT Offshore Partners LP's interest coverage for the quarter that ended in Mar. 2026 was 1.06. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for KNOT Offshore Partners LP's Interest Coverage or its related term are showing as below:

FRA:KO4' s Interest Coverage Range Over the Past 10 Years
Min: 1.08   Med: 2.7   Max: 4.22
Current: 1.66


FRA:KO4's Interest Coverage is ranked worse than
85.34% of 730 companies
in the Oil & Gas industry
Industry Median: 5.89 vs FRA:KO4: 1.66

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


KNOT Offshore Partners LP  (FRA:KO4) 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 .


KNOT Offshore Partners LP Interest Coverage Related Terms


KNOT Offshore Partners LP Interest Coverage Historical Data

* Premium members only.

The historical data trend for KNOT Offshore Partners LP'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.

KNOT Offshore Partners LP Interest Coverage Chart

KNOT Offshore Partners LP 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 4.20 1.66 1.08 1.36 1.74

KNOT Offshore Partners LP 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 1.48 1.51 1.86 2.21 1.06

FRA:KO4 vs SMC, IMPP, TORO: Interest Coverage Comparison

For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.


KNOT Offshore Partners LP Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where KNOT Offshore Partners LP's Interest Coverage falls into.


FRA:KO4
68GF Score
KNOT Offshore Partners LP FRA:KO4
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KNOT Offshore Partners LP 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.

KNOT Offshore Partners LP'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, KNOT Offshore Partners LP's Interest Expense was €-50.9 Mil. Its Operating Income was €88.4 Mil. And its Long-Term Debt & Capital Lease Obligation was €490.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*88.445/-50.932
=1.74

KNOT Offshore Partners LP's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, KNOT Offshore Partners LP's Interest Expense was €-12.0 Mil. Its Operating Income was €12.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €433.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*12.712/-12.043
=1.06

* 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 1.06 mean?
KNOT Offshore Partners LP (FRA:KO4) has a Interest Coverage of 1.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on KNOT Offshore Partners LP and its competitors. This is 61% below median its historical median of 2.70. Over the past decade, KNOT Offshore Partners LP's Interest Coverage has ranged from 1.08 to 4.22. According to the industry distribution chart, KNOT Offshore Partners LP ranks #623 out of 730 companies in the Oil & Gas industry, placing it in the top 85.3%.
Is KNOT Offshore Partners LP's Interest Coverage too high?
KNOT Offshore Partners LP's current Interest Coverage of 1.06 is 61% below median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 4.22. The Oil & Gas industry median Interest Coverage is 5.89. KNOT Offshore Partners LP's value of 1.06 is 82% below this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #623 out of 730 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, KNOT Offshore Partners LP has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's Interest Coverage compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #623 out of 730 companies for Interest Coverage. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median Interest Coverage is 5.89. KNOT Offshore Partners LP's value of 1.06 is 82% below this benchmark. Historically, KNOT Offshore Partners LP's own Interest Coverage has ranged from 1.08 to 4.22 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 5.89, KNOT Offshore Partners LP 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 730 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. KNOT Offshore Partners LP's current Interest Coverage of 1.06 is 82% 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 KNOT Offshore Partners LP 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. KNOT Offshore Partners LP's current Interest Coverage is 1.06, which is 61% below median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (FRA:KO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.95, compared to a current price of €9.19 — trading 32.3% above its estimated fair value. The current Interest Coverage is 1.06, which is 61% below median its 10-year median of 2.70 and 82% below the Oil & Gas industry median of 5.89. KNOT Offshore Partners LP's overall GF Score™ is 68/100 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 KNOT Offshore Partners LP (FRA:KO4), the current Interest Coverage is 1.06 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 KNOT Offshore Partners LP (FRA:KO4) Overvalued in 2026?

Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued. The current stock price of €9.19 is trading 32.3% above its estimated GF Value™ of €6.95. GuruFocus considers KNOT Offshore Partners LP to be Significantly Overvalued.

Key valuation signals for FRA:KO4:

  • Interest Coverage: 1.06 (61% below median its 10-year median of 2.70)
  • GF Value™: €6.95 vs. price of €9.19 (32.3% above fair value)
  • GF Score™: 68/100 with 9 warning signs
  • Industry Position: 82% below the Oil & Gas median (#623 of 730)

No single metric tells the full story. See the FRA:KO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KNOT Offshore Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges KNOP:USA
Address 2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
68GF Score

Get the complete analysis for FRA:KO4

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

€9.19
Price
€6.95
GF Value