Aker ASA (HAM:FKM) Interest Coverage: 3.72 (As of Dec. 2025) — 106% Above Median


HAM:FKM Aker ASA HAM:FKM
68 GF Score
Price €99.80
GF Value €79.24
! 5 Warning Signs
View Full Analysis

What is Aker ASA Interest Coverage?

Aker ASA HAM:FKM -2.92% 68 Interest Coverage is 3.72 as of Dec. 2025, which is 106% above its 10-year median of 1.81. GuruFocus rates HAM:FKM with a GF Score™ of 68/100 and a GF Value™ of €79.24. The stock has 5 warning signs investors should review. Among 426 Conglomerates companies, Aker ASA ranks worse than 75.82% 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. Aker ASA's Operating Income for the six months ended in Dec. 2025 was €426 Mil. Aker ASA's Interest Expense for the six months ended in Dec. 2025 was €-114 Mil. Aker ASA's interest coverage for the quarter that ended in Dec. 2025 was 3.72. The higher the ratio, the stronger the company's financial strength is.

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

HAM:FKM' s Interest Coverage Range Over the Past 10 Years
Min: 0.23   Med: 1.81   Max: 8.72
Current: 2.14


HAM:FKM's Interest Coverage is ranked worse than
75.82% of 426 companies
in the Conglomerates industry
Industry Median: 5.31 vs HAM:FKM: 2.14

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


Aker ASA  (HAM:FKM) 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 .


Aker ASA Interest Coverage Related Terms


Aker ASA Interest Coverage Historical Data

* Premium members only.

The historical data trend for Aker ASA'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.

Aker ASA Interest Coverage Chart

Aker ASA 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 8.72 0.00 0.23 1.62

Aker ASA 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 0.00 0.27 0.26 0.24 3.72

HAM:FKM vs HON, MMM: Interest Coverage Comparison

For the Conglomerates subindustry, Aker ASA'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.


Aker ASA Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aker ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aker ASA's Interest Coverage falls into.


HAM:FKM
68GF Score
Aker ASA HAM:FKM
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aker ASA 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.

Aker ASA'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, Aker ASA's Interest Expense was €-276 Mil. Its Operating Income was €448 Mil. And its Long-Term Debt & Capital Lease Obligation was €3,353 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*448.34/-276.473
=1.62

Aker ASA's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Aker ASA's Interest Expense was €-114 Mil. Its Operating Income was €426 Mil. And its Long-Term Debt & Capital Lease Obligation was €3,353 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*425.526/-114.24
=3.72

* 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 3.72 mean?
Aker ASA (HAM:FKM) has a Interest Coverage of 3.72 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Aker ASA and its competitors. This is 106% above median its historical median of 1.81. Over the past decade, Aker ASA's Interest Coverage has ranged from 0.23 to 8.72. According to the industry distribution chart, Aker ASA ranks #323 out of 426 companies in the Conglomerates industry, placing it in the top 75.8%.
Is Aker ASA's Interest Coverage too high?
Aker ASA's current Interest Coverage of 3.72 is 106% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 8.72. The Conglomerates industry median Interest Coverage is 5.31. Aker ASA's value of 3.72 is 29.9% below this industry median. Based on the distribution chart, Aker ASA ranks #323 out of 426 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Aker ASA has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Aker ASA's Interest Coverage compare to HON and MMM?
According to the Conglomerates industry distribution chart, Aker ASA ranks #323 out of 426 companies for Interest Coverage. This places Aker ASA in the lower half of its industry. The industry median Interest Coverage is 5.31. Aker ASA's value of 3.72 is 29.9% below this benchmark. Historically, Aker ASA's own Interest Coverage has ranged from 0.23 to 8.72 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 5.31, Aker ASA 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.31, based on 426 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. Aker ASA's current Interest Coverage of 3.72 is 29.9% 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 Aker ASA and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aker ASA's current Interest Coverage is 3.72, which is 106% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aker ASA stock overvalued right now?
Aker ASA (HAM:FKM) has a current Interest Coverage of 3.72. The stock's GF Value™ is €79.24, compared to a current price of €99.80 — trading 25.9% above its estimated fair value. The current Interest Coverage is 3.72, which is 106% above median its 10-year median of 1.81 and 29.9% below the Conglomerates industry median of 5.31. Aker ASA's overall GF Score™ is 68/100 with 5 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 Aker ASA (HAM:FKM), the current Interest Coverage is 3.72 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.

Is Aker ASA (HAM:FKM) Overvalued in 2026?

Based on GuruFocus' analysis, Aker ASA stock appears to be overvalued. The current stock price of €99.80 is trading 25.9% above its estimated GF Value™ of €79.24.

Key valuation signals for HAM:FKM:

  • Interest Coverage: 3.72 (106% above median its 10-year median of 1.81)
  • GF Value™: €79.24 vs. price of €99.80 (25.9% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 29.9% below the Conglomerates median (#323 of 426)

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


Aker ASA Business Description

Address Oksenoyveien 10, Lysaker, Oslo, NOR, 1326
Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. The company's investment portfolio comprises two segments: Industrial holdings and Financial investments. The primary focus for businesses within Industrial holdings is long-term value creation. Businesses within Financial investments are managed as a portfolio with a focus on financial and strategic opportunities. The company generates the majority of its revenue from Industrial holdings. Geographically, the company generates the majority of its revenue from Norway.
68GF Score

Get the complete analysis for HAM:FKM

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

€99.80
Price
€79.24
GF Value