Merit Medical SystemsFRA:MM3 +4.17%86 Interest Coverage is 6.74 as of Mar. 2026, which is 16% above its 10-year median of 5.82. GuruFocus rates FRA:MM3 with a GF Score™ of 86/100 and a GF Value™ of €84.32 (Modestly Undervalued). Among 468 Medical Devices & Instruments companies, Merit Medical Systems ranks worse than 67.95% 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. Merit Medical Systems's
Operating Income
for the
three
months ended in Mar. 2026 was €38 Mil. Merit Medical Systems's Interest Expense for the
three
months ended in Mar. 2026 was €-6 Mil.
Merit Medical Systems's interest coverage for the quarter that ended in Mar. 2026 was 6.74.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Merit Medical Systems's Interest Coverage or its related term are showing as below:
FRA:MM3'
s Interest Coverage Range Over the Past 10 Years
Min: 3.11 Med: 5.82 Max: 15.94
Current: 7.1
FRA:MM3's Interest Coverage is ranked worse than 67.95% of 468
companies
in the Medical Devices & Instruments industry
Industry Median: 15.71
vs FRA:MM3: 7.10
Merit Medical Systems (FRA:MM3) 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 .
Merit Medical Systems Interest Coverage Related Terms
Merit Medical Systems Interest Coverage Historical Data
* Premium members only.
The historical data trend for Merit Medical Systems'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.
FRA:MM3 vs NVST, MMED, ICUI: Interest Coverage Comparison
For the Medical Instruments & Supplies subindustry, Merit Medical Systems'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.
Merit Medical Systems Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Merit Medical Systems's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Merit Medical Systems's Interest Coverage falls into.
Merit Medical Systems 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:
* 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.
Merit Medical Systems (FRA:MM3) has a Interest Coverage of 6.74 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merit Medical Systems and its competitors. This is 16% above median its historical median of 5.82. Over the past decade, Merit Medical Systems' Interest Coverage has ranged from 3.11 to 15.94. According to the industry distribution chart, Merit Medical Systems ranks #318 out of 468 companies in the Medical Devices & Instruments industry, placing it in the top 67.9%.
Is Merit Medical Systems' Interest Coverage too high?
Merit Medical Systems' current Interest Coverage of 6.74 is 16% above median its 10-year median of 5.82. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 15.94. The Medical Devices & Instruments industry median Interest Coverage is 15.71. Merit Medical Systems' value of 6.74 is 57.1% below this industry median. Based on the distribution chart, Merit Medical Systems ranks #318 out of 468 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Merit Medical Systems has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' Interest Coverage compare to NVST and MMED?
According to the Medical Devices & Instruments industry distribution chart, Merit Medical Systems ranks #318 out of 468 companies for Interest Coverage. This places Merit Medical Systems in the lower half of its industry. The industry median Interest Coverage is 15.71. Merit Medical Systems' value of 6.74 is 57.1% below this benchmark. Historically, Merit Medical Systems' own Interest Coverage has ranged from 3.11 to 15.94 over the past decade. While the company's 10-year median is 5.82 vs. the industry median of 15.71, Merit Medical Systems 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 a Medical Devices & Instruments company?
The median Interest Coverage among Medical Devices & Instruments companies is 15.71, based on 468 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. Merit Medical Systems's current Interest Coverage of 6.74 is 57.1% 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 Merit Medical Systems and its competitors. For the Medical Devices & Instruments industry, the median Interest Coverage is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Medical Systems's current Interest Coverage is 6.74, which is 16% above median its own 10-year median of 5.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Medical Systems stock overvalued right now?
Based on GuruFocus' analysis, Merit Medical Systems (FRA:MM3) is currently considered Modestly Undervalued. The stock's GF Value™ is €84.32, compared to a current price of €62.50 — trading 25.9% below its estimated fair value. The current Interest Coverage is 6.74, which is 16% above median its 10-year median of 5.82 and 57.1% below the Medical Devices & Instruments industry median of 15.71. Merit Medical Systems' overall GF Score™ is 86/100. 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 Merit Medical Systems (FRA:MM3), the current Interest Coverage is 6.74 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 Merit Medical Systems (FRA:MM3) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued.
The current stock price of €62.50 is trading 25.9% below its estimated GF Value™ of €84.32.
GuruFocus considers Merit Medical Systems to be Modestly Undervalued.
Key valuation signals for FRA:MM3:
Interest Coverage: 6.74 (16% above median its 10-year median of 5.82)
GF Value™: €84.32 vs. price of €62.50 (25.9% below fair value)
Industry Position: 57.1% below the Medical Devices & Instruments median (#318 of 468)
No single metric tells the full story. See the FRA:MM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
86GF Score
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