First GenFSGCY 56 Interest Coverage is 2.79 as of Mar. 2026, which is 39% below its 10-year median of 4.56. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 320 Utilities - Independent Power Producers companies, First Gen ranks worse than 88.44% 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. First Gen's
Operating Income
for the
three
months ended in Mar. 2026 was $79.7 Mil. First Gen's Interest Expense for the
three
months ended in Mar. 2026 was $-28.6 Mil.
First Gen's interest coverage for the quarter that ended in Mar. 2026 was 2.79.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for First Gen's Interest Coverage or its related term are showing as below:
FSGCY'
s Interest Coverage Range Over the Past 10 Years
Min: 0.72 Med: 4.56 Max: 7.18
Current: 0.72
First Gen (OTCPK:FSGCY) 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 .
First Gen Interest Coverage Related Terms
First Gen Interest Coverage Historical Data
* Premium members only.
The historical data trend for First Gen'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.
For the Utilities - Renewable subindustry, First Gen'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.
First Gen Interest Coverage vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Interest Coverage distribution charts can be found below:
* The bar in red indicates where First Gen'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.
First Gen (FSGCY) has a Interest Coverage of 2.79 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Gen and its competitors. This is 39% below median its historical median of 4.56. Over the past decade, First Gen's Interest Coverage has ranged from 0.72 to 7.18. According to the industry distribution chart, First Gen ranks #283 out of 320 companies in the Utilities - Independent Power Producers industry, placing it in the top 88.4%.
Is First Gen's Interest Coverage too high?
First Gen's current Interest Coverage of 2.79 is 39% below median its 10-year median of 4.56. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 7.18. The Utilities - Independent Power Producers industry median Interest Coverage is 2.95. First Gen's value of 2.79 is 5.4% below this industry median. Based on the distribution chart, First Gen ranks #283 out of 320 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #283 out of 320 companies for Interest Coverage. This places First Gen in the lower half of its industry. The industry median Interest Coverage is 2.95. First Gen's value of 2.79 is 5.4% below this benchmark. Historically, First Gen's own Interest Coverage has ranged from 0.72 to 7.18 over the past decade. While the company's 10-year median is 4.56 vs. the industry median of 2.95, First Gen 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.95, based on 320 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. First Gen's current Interest Coverage of 2.79 is 5.4% 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 First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Interest Coverage is 2.79, which is 39% below median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current Interest Coverage is 2.79, which is 39% below median its 10-year median of 4.56 and 5.4% below the Utilities - Independent Power Producers industry median of 2.95. First Gen's overall GF Score™ is 56/100 with 9 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 First Gen (FSGCY), the current Interest Coverage is 2.79 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 First Gen (FSGCY) Overvalued in 2026?
Based on GuruFocus' analysis, First Gen stock appears to be overvalued.
The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05.
GuruFocus considers First Gen to be Significantly Overvalued.
Key valuation signals for FSGCY:
Interest Coverage: 2.79 (39% below median its 10-year median of 4.56)
GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
Industry Position: 5.4% below the Utilities - Independent Power Producers median (#283 of 320)
No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
56GF Score
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