Secure Waste Infrastructure (FRA:SEP0) Interest Coverage: 3.35 (As of Mar. 2026) — 20% Below Median


FRA:SEP0 Secure Waste Infrastructure Corp FRA:SEP0
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What is Secure Waste Infrastructure Interest Coverage?

Secure Waste Infrastructure FRA:SEP0 50 Interest Coverage is 3.35 as of Mar. 2026, which is 20% below its 10-year median of 4.18. GuruFocus rates FRA:SEP0 with a GF Score™ of 50/100. The stock has 7 warning signs investors should review. Among 161 Waste Management companies, Secure Waste Infrastructure ranks worse than 62.73% 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. Secure Waste Infrastructure's Operating Income for the three months ended in Mar. 2026 was €35.94 Mil. Secure Waste Infrastructure's Interest Expense for the three months ended in Mar. 2026 was €-10.72 Mil. Secure Waste Infrastructure's interest coverage for the quarter that ended in Mar. 2026 was 3.35. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Secure Waste Infrastructure's Interest Coverage or its related term are showing as below:

FRA:SEP0' s Interest Coverage Range Over the Past 10 Years
Min: 0.97   Med: 4.18   Max: 5.87
Current: 4.09


FRA:SEP0's Interest Coverage is ranked worse than
62.73% of 161 companies
in the Waste Management industry
Industry Median: 5.72 vs FRA:SEP0: 4.09

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


Secure Waste Infrastructure  (FRA:SEP0) 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 .


Secure Waste Infrastructure Interest Coverage Related Terms


Secure Waste Infrastructure Interest Coverage Historical Data

* Premium members only.

The historical data trend for Secure Waste Infrastructure'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.

Secure Waste Infrastructure Interest Coverage Chart

Secure Waste Infrastructure 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 0.00 4.18 4.33 5.87 4.63

Secure Waste Infrastructure 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 5.91 3.47 5.14 4.56 3.35

FRA:SEP0 vs WM, RSG, WCN: Interest Coverage Comparison

For the Waste Management subindustry, Secure Waste Infrastructure'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.


Secure Waste Infrastructure Interest Coverage vs Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Secure Waste Infrastructure's Interest Coverage falls into.


FRA:SEP0
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Secure Waste Infrastructure Corp FRA:SEP0
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Secure Waste Infrastructure 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.

Secure Waste Infrastructure'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, Secure Waste Infrastructure's Interest Expense was €-37.14 Mil. Its Operating Income was €172.10 Mil. And its Long-Term Debt & Capital Lease Obligation was €611.64 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*172.1/-37.144
=4.63

Secure Waste Infrastructure's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Secure Waste Infrastructure's Interest Expense was €-10.72 Mil. Its Operating Income was €35.94 Mil. And its Long-Term Debt & Capital Lease Obligation was €721.25 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*35.937/-10.718
=3.35

* 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 3.35 mean?
Secure Waste Infrastructure (FRA:SEP0) has a Interest Coverage of 3.35 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Secure Waste Infrastructure and its competitors. This is 20% below median its historical median of 4.18. Over the past decade, Secure Waste Infrastructure's Interest Coverage has ranged from 0.97 to 5.87. According to the industry distribution chart, Secure Waste Infrastructure ranks #101 out of 161 companies in the Waste Management industry, placing it in the top 62.7%.
Is Secure Waste Infrastructure's Interest Coverage too high?
Secure Waste Infrastructure's current Interest Coverage of 3.35 is 20% below median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 5.87. The Waste Management industry median Interest Coverage is 5.72. Secure Waste Infrastructure's value of 3.35 is 41.4% below this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #101 out of 161 companies in the Waste Management industry, which is below the industry midpoint. Overall, Secure Waste Infrastructure has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Interest Coverage compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #101 out of 161 companies for Interest Coverage. This places Secure Waste Infrastructure in the lower half of its industry. The industry median Interest Coverage is 5.72. Secure Waste Infrastructure's value of 3.35 is 41.4% below this benchmark. Historically, Secure Waste Infrastructure's own Interest Coverage has ranged from 0.97 to 5.87 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 5.72, Secure Waste Infrastructure 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 Waste Management company?
The median Interest Coverage among Waste Management companies is 5.72, based on 161 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. Secure Waste Infrastructure's current Interest Coverage of 3.35 is 41.4% 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 Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Interest Coverage is 3.35, which is 20% below median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (FRA:SEP0) has a current Interest Coverage of 3.35. The current Interest Coverage is 3.35, which is 20% below median its 10-year median of 4.18 and 41.4% below the Waste Management industry median of 5.72. Secure Waste Infrastructure's overall GF Score™ is 50/100 with 7 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 Secure Waste Infrastructure (FRA:SEP0), the current Interest Coverage is 3.35 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.

Secure Waste Infrastructure Business Description

Address 2300, 225 - 6th Avenue SW, Brookfield Place, Calgary, AB, CAN, T2P 1N2
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
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