Royal GoldFRA:RG3 -3.47%91 Interest Coverage is 22.44 as of Mar. 2026, which is 69% above its 10-year median of 13.30. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €238.64 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,318 Metals & Mining companies, Royal Gold ranks worse than 74.43% 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. Royal Gold's
Operating Income
for the
three
months ended in Mar. 2026 was €257 Mil. Royal Gold's Interest Expense for the
three
months ended in Mar. 2026 was €-11 Mil.
Royal Gold's interest coverage for the quarter that ended in Mar. 2026 was 22.44.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Royal Gold's Interest Coverage or its related term are showing as below:
FRA:RG3'
s Interest Coverage Range Over the Past 10 Years
Min: 3.17 Med: 13.3 Max: 47.31
Current: 20.4
FRA:RG3's Interest Coverage is ranked worse than 74.43% of 1318
companies
in the Metals & Mining industry
Industry Median: No Debt
vs FRA:RG3: 20.40
Royal Gold (FRA:RG3) 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 .
Royal Gold Interest Coverage Related Terms
Royal Gold Interest Coverage Historical Data
* Premium members only.
The historical data trend for Royal Gold'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:RG3 vs CDE, AUGO, SA: Interest Coverage Comparison
For the Gold subindustry, Royal Gold'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.
Royal Gold Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Royal Gold'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.
Royal Gold (FRA:RG3) has a Interest Coverage of 22.44 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Royal Gold and its competitors. This is 69% above median its historical median of 13.30. Over the past decade, Royal Gold's Interest Coverage has ranged from 3.17 to 47.31. According to the industry distribution chart, Royal Gold ranks #981 out of 1318 companies in the Metals & Mining industry, placing it in the top 74.4%.
Is Royal Gold's Interest Coverage too high?
Royal Gold's current Interest Coverage of 22.44 is 69% above median its 10-year median of 13.30. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 47.31. The Metals & Mining industry median Interest Coverage is 10,000.00. Royal Gold's value of 22.44 is 99.8% below this industry median. Based on the distribution chart, Royal Gold ranks #981 out of 1318 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Royal Gold has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Interest Coverage compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #981 out of 1318 companies for Interest Coverage. This places Royal Gold in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Royal Gold's value of 22.44 is 99.8% below this benchmark. Historically, Royal Gold's own Interest Coverage has ranged from 3.17 to 47.31 over the past decade. While the company's 10-year median is 13.30 vs. the industry median of 10,000.00, Royal Gold 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 Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,318 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. Royal Gold's current Interest Coverage of 22.44 is 99.8% 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 Royal Gold and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Interest Coverage is 22.44, which is 69% above median its own 10-year median of 13.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Based on GuruFocus' analysis, Royal Gold (FRA:RG3) is currently considered Modestly Undervalued. The stock's GF Value™ is €238.64, compared to a current price of €175.00 — trading 26.7% below its estimated fair value. The current Interest Coverage is 22.44, which is 69% above median its 10-year median of 13.30 and 99.8% below the Metals & Mining industry median of 10,000.00. Royal Gold's overall GF Score™ is 91/100 with 2 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 Royal Gold (FRA:RG3), the current Interest Coverage is 22.44 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 Royal Gold (FRA:RG3) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of €175.00 is trading 26.7% below its estimated GF Value™ of €238.64.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
Interest Coverage: 22.44 (69% above median its 10-year median of 13.30)
GF Value™: €238.64 vs. price of €175.00 (26.7% below fair value)
Industry Position: 99.8% below the Metals & Mining median (#981 of 1318)
No single metric tells the full story. See the FRA:RG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
91GF Score
Get the complete analysis for FRA:RG3
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:RG3 has been successfully added to your 
