Solar AS (FRA:ZVR) Interest Coverage: 0 (At Loss) (As of Mar. 2026)


FRA:ZVR Solar AS FRA:ZVR
71 GF Score
Price €23.90
GF Value €37.85
Valuation Possible Value Trap
! 8 Warning Signs
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What is Solar AS Interest Coverage?

Solar AS FRA:ZVR -2.25% 71 Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus rates FRA:ZVR with a GF Score™ of 71/100 and a GF Value™ of €37.85 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,673 Hardware companies, Solar AS ranks worse than 92.35% 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. Solar AS's Operating Income for the three months ended in Mar. 2026 was €-3 Mil. Solar AS's Interest Expense for the three months ended in Mar. 2026 was €-5 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

FRA:ZVR' s Interest Coverage Range Over the Past 10 Years
Min: 1.43   Med: 8.49   Max: 28.39
Current: 1.43


FRA:ZVR's Interest Coverage is ranked worse than
92.35% of 1673 companies
in the Hardware industry
Industry Median: 13.73 vs FRA:ZVR: 1.43

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


Solar AS  (FRA:ZVR) 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 .


Solar AS Interest Coverage Related Terms


Solar AS Interest Coverage Historical Data

* Premium members only.

The historical data trend for Solar AS'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.

Solar AS Interest Coverage Chart

Solar AS 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 25.63 28.39 5.63 3.00 1.71

Solar AS 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 0.00 0.81 1.03 23.22 0.00

FRA:ZVR vs SNX, ARW, AVT: Interest Coverage Comparison

For the Electronics & Computer Distribution subindustry, Solar AS'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.


Solar AS Interest Coverage vs Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Solar AS's Interest Coverage falls into.


FRA:ZVR
71GF Score
Solar AS FRA:ZVR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solar AS 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.

Solar AS'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, Solar AS's Interest Expense was €-13 Mil. Its Operating Income was €22 Mil. And its Long-Term Debt & Capital Lease Obligation was €128 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*22.226/-12.987
=1.71

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

Here, for the three months ended in Mar. 2026, Solar AS's Interest Expense was €-5 Mil. Its Operating Income was €-3 Mil. And its Long-Term Debt & Capital Lease Obligation was €131 Mil.

Solar AS did not have earnings to cover the 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.

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 0 (At Loss) mean?
Solar AS (FRA:ZVR) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Solar AS and its competitors. Over the past decade, Solar AS's Interest Coverage has ranged from 1.43 to 28.39. According to the industry distribution chart, Solar AS ranks #1545 out of 1673 companies in the Hardware industry, placing it in the top 92.3%.
Is Solar AS's Interest Coverage too high?
Solar AS's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 28.39. Based on the distribution chart, Solar AS ranks #1545 out of 1673 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Solar AS has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's Interest Coverage compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #1545 out of 1673 companies for Interest Coverage. This places Solar AS in the lower half of its industry. The industry median Interest Coverage is 13.73. Historically, Solar AS's own Interest Coverage has ranged from 1.43 to 28.39 over the past decade. 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 Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,673 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. 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 Solar AS and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (FRA:ZVR) is currently considered Possible Value Trap. The stock's GF Value™ is €37.85, compared to a current price of €23.90 — trading 36.9% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Solar AS's overall GF Score™ is 71/100 with 8 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 Solar AS (FRA:ZVR), the current Interest Coverage is 0 (At Loss) 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 Solar AS (FRA:ZVR) Overvalued in 2026?

Based on GuruFocus' analysis, Solar AS stock appears to be undervalued. The current stock price of €23.90 is trading 36.9% below its estimated GF Value™ of €37.85. GuruFocus considers Solar AS to be Possible Value Trap.

Key valuation signals for FRA:ZVR:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: €37.85 vs. price of €23.90 (36.9% below fair value)
  • GF Score™: 71/100 with 8 warning signs

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


Solar AS Business Description

Address Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
71GF Score

Get the complete analysis for FRA:ZVR

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

€23.90
Price
€37.85
GF Value