IHS (IHS Holding) Interest Coverage: 0.98 (As of Jun. 2026) — 38% Below Median

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IHS IHS Holding Ltd IHS
54 GF Score
Price $8.31
GF Value $3.88
Valuation Significantly Overvalued
! 7 Warning Signs
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What is IHS Holding Interest Coverage?

IHS Holding IHS +0.12% 54 Interest Coverage is 0.98 as of Jun. 2026, which is 38% below its 10-year median of 1.58. GuruFocus rates IHS with a GF Score™ of 54/100 and a GF Value™ of $3.88 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,306 Real Estate companies, IHS Holding ranks worse than 72.43% 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. IHS Holding's Operating Income for the three months ended in Jun. 2026 was $82 Mil. IHS Holding's Interest Expense for the three months ended in Jun. 2026 was $-83 Mil. IHS Holding's interest coverage for the quarter that ended in Jun. 2026 was 0.98. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IHS Holding Ltd interest coverage is 1.73, which is low.

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

IHS' s Interest Coverage Range Over the Past 10 Years
Min: 1.17   Med: 1.58   Max: 2.05
Current: 1.73


IHS's Interest Coverage is ranked worse than
72.43% of 1306 companies
in the Real Estate industry
Industry Median: 4.26 vs IHS: 1.73

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


IHS Holding  (NYSE:IHS) 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 .


IHS Holding Interest Coverage Related Terms


IHS Holding Interest Coverage Historical Data

* Premium members only.

The historical data trend for IHS Holding'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.

IHS Holding Interest Coverage Chart

IHS Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial 2.05 1.54 1.58 1.38 1.81

IHS Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.93 1.49 5.81 1.43 0.98

IHS vs NMRK, CWK, OPEN: Interest Coverage Comparison

For the Real Estate Services subindustry, IHS Holding'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.


IHS Holding Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IHS Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IHS Holding's Interest Coverage falls into.


IHS
54GF Score
IHS Holding Ltd IHS
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IHS Holding 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.

IHS Holding'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, IHS Holding's Interest Expense was $-323 Mil. Its Operating Income was $586 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,154 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*585.7/-323.1
=1.81

IHS Holding's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, IHS Holding's Interest Expense was $-83 Mil. Its Operating Income was $82 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,100 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*81.5/-83.4
=0.98

* 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 0.98 mean?
IHS Holding (IHS) has a Interest Coverage of 0.98 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on IHS Holding and its competitors. This is 38% below median its historical median of 1.58. Over the past decade, IHS Holding's Interest Coverage has ranged from 1.17 to 2.05. According to the industry distribution chart, IHS Holding ranks #946 out of 1306 companies in the Real Estate industry, placing it in the top 72.4%.
Is IHS Holding's Interest Coverage too high?
IHS Holding's current Interest Coverage of 0.98 is 38% below median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.05. The Real Estate industry median Interest Coverage is 4.26. IHS Holding's value of 0.98 is 77% below this industry median. Based on the distribution chart, IHS Holding ranks #946 out of 1306 companies in the Real Estate industry, which is below the industry midpoint. Overall, IHS Holding has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHS Holding's Interest Coverage compare to NMRK and CWK?
According to the Real Estate industry distribution chart, IHS Holding ranks #946 out of 1306 companies for Interest Coverage. This places IHS Holding in the lower half of its industry. The industry median Interest Coverage is 4.26. IHS Holding's value of 0.98 is 77% below this benchmark. Historically, IHS Holding's own Interest Coverage has ranged from 1.17 to 2.05 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 4.26, IHS Holding 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.26, based on 1,306 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. IHS Holding's current Interest Coverage of 0.98 is 77% 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 IHS Holding and its competitors. For the Real Estate industry, the median Interest Coverage is 4.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IHS Holding's current Interest Coverage is 0.98, which is 38% below median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHS Holding stock overvalued right now?
Based on GuruFocus' analysis, IHS Holding (IHS) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.88, compared to a current price of $8.31 — trading 114.2% above its estimated fair value. The current Interest Coverage is 0.98, which is 38% below median its 10-year median of 1.58 and 77% below the Real Estate industry median of 4.26. IHS Holding's overall GF Score™ is 54/100 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 IHS Holding (IHS), the current Interest Coverage is 0.98 as of Jun. 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 IHS Holding (IHS) Overvalued in 2026?

Based on GuruFocus' analysis, IHS Holding stock appears to be overvalued. The current stock price of $8.31 is trading 114.2% above its estimated GF Value™ of $3.88. GuruFocus considers IHS Holding to be Significantly Overvalued.

Key valuation signals for IHS:

  • Interest Coverage: 0.98 (38% below median its 10-year median of 1.58)
  • GF Value™: $3.88 vs. price of $8.31 (114.2% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 77% below the Real Estate median (#946 of 1306)

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


IHS Holding Business Description

Other Exchanges 4JB:Germany
Address 123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria and Sub-Saharan Africa. The majority of its revenue is derived from Nigeria.
54GF Score

Get the complete analysis for IHS

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

$8.31
Price
$3.88
GF Value