Heritage Global (FRA:LGC) Interest Coverage: 25.71 (As of Mar. 2026) — 30% Below Median


FRA:LGC Heritage Global Inc FRA:LGC
82 GF Score
Price €1.03
GF Value €1.97
Valuation Possible Value Trap
! 3 Warning Signs
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What is Heritage Global Interest Coverage?

Heritage Global FRA:LGC 82 Interest Coverage is 25.71 as of Mar. 2026, which is 30% below its 10-year median of 36.65. GuruFocus rates FRA:LGC with a GF Score™ of 82/100 and a GF Value™ of €1.97 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 427 Capital Markets companies, Heritage Global ranks better than 69.79% 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. Heritage Global's Operating Income for the three months ended in Mar. 2026 was €0.44 Mil. Heritage Global's Interest Expense for the three months ended in Mar. 2026 was €-0.02 Mil. Heritage Global's interest coverage for the quarter that ended in Mar. 2026 was 25.71. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Heritage Global Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

FRA:LGC' s Interest Coverage Range Over the Past 10 Years
Min: 3.02   Med: 36.65   Max: 236.7
Current: 236.7


FRA:LGC's Interest Coverage is ranked better than
69.79% of 427 companies
in the Capital Markets industry
Industry Median: 19.12 vs FRA:LGC: 236.70

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


Heritage Global  (FRA:LGC) 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 .


Heritage Global Interest Coverage Related Terms


Heritage Global Interest Coverage Historical Data

* Premium members only.

The historical data trend for Heritage Global'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.

Heritage Global Interest Coverage Chart

Heritage Global 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 116.05 36.54 40.94 68.44 N/A

Heritage Global 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 N/A N/A N/A N/A 25.71

FRA:LGC vs MATH, GSIW, BGDE: Interest Coverage Comparison

For the Capital Markets subindustry, Heritage Global'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.


Heritage Global Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Heritage Global's Interest Coverage falls into.


FRA:LGC
82GF Score
Heritage Global Inc FRA:LGC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heritage Global 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.

Heritage Global'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, Heritage Global's Interest Expense was €0.00 Mil. Its Operating Income was €4.77 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.18 Mil.

GuruFocus does not calculate Heritage Global's interest coverage with the available data.

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

Here, for the three months ended in Mar. 2026, Heritage Global's Interest Expense was €-0.02 Mil. Its Operating Income was €0.44 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.08 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*0.437/-0.017
=25.71

* 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 25.71 mean?
Heritage Global (FRA:LGC) has a Interest Coverage of 25.71 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Heritage Global and its competitors. This is 30% below median its historical median of 36.65. Over the past decade, Heritage Global's Interest Coverage has ranged from 3.02 to 236.70. According to the industry distribution chart, Heritage Global ranks #129 out of 427 companies in the Capital Markets industry, placing it in the top 30.2%.
Is Heritage Global's Interest Coverage too high?
Heritage Global's current Interest Coverage of 25.71 is 30% below median its 10-year median of 36.65. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 236.70. The Capital Markets industry median Interest Coverage is 19.12. Heritage Global's value of 25.71 is 34.5% above this industry median. Based on the distribution chart, Heritage Global ranks #129 out of 427 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Heritage Global has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heritage Global's Interest Coverage compare to MATH and GSIW?
According to the Capital Markets industry distribution chart, Heritage Global ranks #129 out of 427 companies for Interest Coverage. This puts Heritage Global in the upper half of its industry. The industry median Interest Coverage is 19.12. Heritage Global's value of 25.71 is 34.5% above this benchmark. Historically, Heritage Global's own Interest Coverage has ranged from 3.02 to 236.70 over the past decade. While the company's 10-year median is 36.65 vs. the industry median of 19.12, Heritage Global 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 a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.12, based on 427 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. Heritage Global's current Interest Coverage of 25.71 is 34.5% 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 Heritage Global and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Global's current Interest Coverage is 25.71, which is 30% below median its own 10-year median of 36.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Global stock overvalued right now?
Based on GuruFocus' analysis, Heritage Global (FRA:LGC) is currently considered Possible Value Trap. The stock's GF Value™ is €1.97, compared to a current price of €1.03 — trading 47.7% below its estimated fair value. The current Interest Coverage is 25.71, which is 30% below median its 10-year median of 36.65 and 34.5% above the Capital Markets industry median of 19.12. Heritage Global's overall GF Score™ is 82/100 with 3 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 Heritage Global (FRA:LGC), the current Interest Coverage is 25.71 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 Heritage Global (FRA:LGC) Overvalued in 2026?

Based on GuruFocus' analysis, Heritage Global stock appears to be undervalued. The current stock price of €1.03 is trading 47.7% below its estimated GF Value™ of €1.97. GuruFocus considers Heritage Global to be Possible Value Trap.

Key valuation signals for FRA:LGC:

  • Interest Coverage: 25.71 (30% below median its 10-year median of 36.65)
  • GF Value™: €1.97 vs. price of €1.03 (47.7% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 34.5% above the Capital Markets median (#129 of 427)

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


Heritage Global Business Description

Other Exchanges HGBL:USA
Address 6130 Nancy Ridge Drive, San Diego, San Diego, CA, USA, 92121
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It operates in four segments. The Auction and Liquidation segment, which operates as a full-service auction, appraisal, and asset advisory firm, includes the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. Brokerage segment, through NLEX, brokers charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
82GF Score

Get the complete analysis for FRA:LGC

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

€1.03
Price
€1.97
GF Value