FSLUF (First Ship Lease Trust) Interest Coverage: 11.87 (As of Dec. 2025) — 252% Above Median


What is First Ship Lease Trust Interest Coverage?

First Ship Lease Trust FSLUF Interest Coverage is 11.87 as of Dec. 2025, which is 252% above its 10-year median of 3.37. The stock has 2 warning signs investors should review. Among 812 Business Services companies, First Ship Lease Trust ranks worse than 58.99% 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 Ship Lease Trust's Operating Income for the six months ended in Dec. 2025 was $1.01 Mil. First Ship Lease Trust's Interest Expense for the six months ended in Dec. 2025 was $-0.09 Mil. First Ship Lease Trust's interest coverage for the quarter that ended in Dec. 2025 was 11.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for First Ship Lease Trust's Interest Coverage or its related term are showing as below:

FSLUF' s Interest Coverage Range Over the Past 10 Years
Min: 1.18   Med: 3.37   Max: 9.24
Current: 7.99

FSLUF's Interest Coverage is ranked worse than
58.99% of 812 companies
in the Business Services industry
Industry Median: 12.98 vs FSLUF: 7.99

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

First Ship Lease Trust  (OTCPK:FSLUF) 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 Ship Lease Trust Interest Coverage Related Terms

First Ship Lease Trust Interest Coverage Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust'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.

First Ship Lease Trust Interest Coverage Chart

First Ship Lease Trust 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 1.62 6.73 3.12 4.76 9.24

First Ship Lease Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.99 3.61 5.24 5.88 11.87

FSLUF vs URI, SUNB, AER: Interest Coverage Comparison

For the Rental & Leasing Services subindustry, First Ship Lease Trust'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 Ship Lease Trust Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's Interest Coverage falls into.


First Ship Lease Trust 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.

First Ship Lease Trust'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, First Ship Lease Trust's Interest Expense was $-0.21 Mil. Its Operating Income was $1.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1.932/-0.209
=9.24

First Ship Lease Trust's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, First Ship Lease Trust's Interest Expense was $-0.09 Mil. Its Operating Income was $1.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*1.009/-0.085
=11.87

* 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 11.87 mean?
First Ship Lease Trust (FSLUF) has a Interest Coverage of 11.87 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Ship Lease Trust and its competitors. This is 252% above median its historical median of 3.37. Over the past decade, First Ship Lease Trust's Interest Coverage has ranged from 1.18 to 9.24. According to the industry distribution chart, First Ship Lease Trust ranks #479 out of 812 companies in the Business Services industry, placing it in the top 59%.
Is First Ship Lease Trust's Interest Coverage too high?
First Ship Lease Trust's current Interest Coverage of 11.87 is 252% above median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 9.24. The Business Services industry median Interest Coverage is 12.98. First Ship Lease Trust's value of 11.87 is 8.6% below this industry median. Based on the distribution chart, First Ship Lease Trust ranks #479 out of 812 companies in the Business Services industry, which is below the industry midpoint.
How does First Ship Lease Trust's Interest Coverage compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #479 out of 812 companies for Interest Coverage. This places First Ship Lease Trust in the lower half of its industry. The industry median Interest Coverage is 12.98. First Ship Lease Trust's value of 11.87 is 8.6% below this benchmark. Historically, First Ship Lease Trust's own Interest Coverage has ranged from 1.18 to 9.24 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 12.98, First Ship Lease Trust 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 Business Services company?
The median Interest Coverage among Business Services companies is 12.98, based on 812 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 Ship Lease Trust's current Interest Coverage of 11.87 is 8.6% 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 Ship Lease Trust and its competitors. For the Business Services industry, the median Interest Coverage is 12.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current Interest Coverage is 11.87, which is 252% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current Interest Coverage of 11.87. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current Interest Coverage is 11.87, which is 252% above median its 10-year median of 3.37 and 8.6% below the Business Services industry median of 12.98. 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 Ship Lease Trust (FSLUF), the current Interest Coverage is 11.87 as of Dec. 2025. 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.

First Ship Lease Trust Business Description

Other Exchanges D8DU:Singapore
Address 7 Temasek Boulevard, No. 26-02 Suntec Tower One, Singapore, SGP, 038987
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.