Viet Nam Steel (HSTC:TVN) Interest Coverage: 1.49 (As of Mar. 2026) — 15% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HSTC:TVN Viet Nam Steel Corp HSTC:TVN
72 GF Score
Price ₫10,600.00
GF Value ₫10,506.30
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Viet Nam Steel Interest Coverage?

Viet Nam Steel HSTC:TVN -6.19% 72 Interest Coverage is 1.49 as of Mar. 2026, which is 15% above its 10-year median of 1.30. GuruFocus rates HSTC:TVN with a GF Score™ of 72/100 and a GF Value™ of ₫10,506.30 (Fairly Valued). The stock has 7 warning signs investors should review. Among 457 Steel companies, Viet Nam Steel ranks worse than 83.81% 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. Viet Nam Steel's Operating Income for the three months ended in Mar. 2026 was ₫202,766 Mil. Viet Nam Steel's Interest Expense for the three months ended in Mar. 2026 was ₫-135,864 Mil. Viet Nam Steel's interest coverage for the quarter that ended in Mar. 2026 was 1.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Viet Nam Steel's Interest Coverage or its related term are showing as below:

HSTC:TVN' s Interest Coverage Range Over the Past 10 Years
Min: 0.28   Med: 1.3   Max: 26.95
Current: 1.22


HSTC:TVN's Interest Coverage is ranked worse than
83.81% of 457 companies
in the Steel industry
Industry Median: 4.41 vs HSTC:TVN: 1.22

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


Viet Nam Steel  (HSTC:TVN) 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 .


Viet Nam Steel Interest Coverage Related Terms


Viet Nam Steel Interest Coverage Historical Data

* Premium members only.

The historical data trend for Viet Nam Steel'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.

Viet Nam Steel Interest Coverage Chart

Viet Nam Steel Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial 2.90 0.00 0.28 0.62 1.30

Viet Nam Steel 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 1.00 2.02 0.79 0.56 1.49

HSTC:TVN vs NUE, STLD, RS: Interest Coverage Comparison

For the Steel subindustry, Viet Nam Steel'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.


Viet Nam Steel Interest Coverage vs Steel Industry

For the Steel industry and Basic Materials sector, Viet Nam Steel's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Viet Nam Steel's Interest Coverage falls into.


HSTC:TVN
72GF Score
Viet Nam Steel Corp HSTC:TVN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viet Nam Steel 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.

Viet Nam Steel'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, Viet Nam Steel's Interest Expense was ₫-335,571 Mil. Its Operating Income was ₫435,564 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫1,824,302 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*435564.196/-335571.489
=1.30

Viet Nam Steel's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Viet Nam Steel's Interest Expense was ₫-135,864 Mil. Its Operating Income was ₫202,766 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫1,822,987 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*202766.088/-135864.06
=1.49

* 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 1.49 mean?
Viet Nam Steel (HSTC:TVN) has a Interest Coverage of 1.49 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Viet Nam Steel and its competitors. This is 15% above median its historical median of 1.30. Over the past decade, Viet Nam Steel's Interest Coverage has ranged from 0.28 to 26.95. According to the industry distribution chart, Viet Nam Steel ranks #383 out of 457 companies in the Steel industry, placing it in the top 83.8%.
Is Viet Nam Steel's Interest Coverage too high?
Viet Nam Steel's current Interest Coverage of 1.49 is 15% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 26.95. The Steel industry median Interest Coverage is 4.41. Viet Nam Steel's value of 1.49 is 66.2% below this industry median. Based on the distribution chart, Viet Nam Steel ranks #383 out of 457 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Viet Nam Steel has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Steel's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Viet Nam Steel ranks #383 out of 457 companies for Interest Coverage. This places Viet Nam Steel in the lower half of its industry. The industry median Interest Coverage is 4.41. Viet Nam Steel's value of 1.49 is 66.2% below this benchmark. Historically, Viet Nam Steel's own Interest Coverage has ranged from 0.28 to 26.95 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 4.41, Viet Nam Steel 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 Steel company?
The median Interest Coverage among Steel companies is 4.41, based on 457 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. Viet Nam Steel's current Interest Coverage of 1.49 is 66.2% 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 Viet Nam Steel and its competitors. For the Steel industry, the median Interest Coverage is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Steel's current Interest Coverage is 1.49, which is 15% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Steel stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Steel (HSTC:TVN) is currently considered Fairly Valued. The stock's GF Value™ is ₫10,506.30, compared to a current price of ₫10,600.00 — trading 0.9% above its estimated fair value. The current Interest Coverage is 1.49, which is 15% above median its 10-year median of 1.30 and 66.2% below the Steel industry median of 4.41. Viet Nam Steel's overall GF Score™ is 72/100 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 Viet Nam Steel (HSTC:TVN), the current Interest Coverage is 1.49 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 Viet Nam Steel (HSTC:TVN) Overvalued in 2026?

Based on GuruFocus' analysis, Viet Nam Steel stock appears to be overvalued. The current stock price of ₫10,600.00 is trading 0.9% above its estimated GF Value™ of ₫10,506.30. GuruFocus considers Viet Nam Steel to be Fairly Valued.

Key valuation signals for HSTC:TVN:

  • Interest Coverage: 1.49 (15% above median its 10-year median of 1.30)
  • GF Value™: ₫10,506.30 vs. price of ₫10,600.00 (0.9% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 66.2% below the Steel median (#383 of 457)

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


Viet Nam Steel Business Description

Address No. 91 Lang Ha, Dong Da District, Hanoi, VNM
Viet Nam Steel Corp is engaged units in the steel production and metal trading industry. The Corporation's main mission is to build and develop a multi-sector business model with the core activity being the production and trading of steel products.
72GF Score

Get the complete analysis for HSTC:TVN

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

₫10,600.00
Price
₫10,506.30
GF Value