Boxer Retail (JSE:BOX) Interest Coverage: 6.21 (As of Feb. 2026) — 23% Above Median


JSE:BOX Boxer Retail Ltd JSE:BOX
18 GF Score
Price R83.41
! 4 Warning Signs
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What is Boxer Retail Interest Coverage?

Boxer Retail JSE:BOX -1.92% 18 Interest Coverage is 6.21 as of Feb. 2026, which is 23% above its 10-year median of 5.04. GuruFocus rates JSE:BOX with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 824 Retail - Cyclical companies, Boxer Retail ranks worse than 63.35% 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. Boxer Retail's Operating Income for the six months ended in Feb. 2026 was R1,707 Mil. Boxer Retail's Interest Expense for the six months ended in Feb. 2026 was R-275 Mil. Boxer Retail's interest coverage for the quarter that ended in Feb. 2026 was 6.21. The higher the ratio, the stronger the company's financial strength is.

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

JSE:BOX' s Interest Coverage Range Over the Past 10 Years
Min: 3.57   Med: 5.04   Max: 6.14
Current: 4.81


JSE:BOX's Interest Coverage is ranked worse than
63.35% of 824 companies
in the Retail - Cyclical industry
Industry Median: 7.94 vs JSE:BOX: 4.81

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


Boxer Retail  (JSE:BOX) 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 .


Boxer Retail Interest Coverage Related Terms


Boxer Retail Interest Coverage Historical Data

* Premium members only.

The historical data trend for Boxer Retail'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.

Boxer Retail Interest Coverage Chart

Boxer Retail Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Interest Coverage
3.57 5.47 6.14 5.04 4.81

Boxer Retail Semi-Annual Data
Feb22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Interest Coverage Get a 7-Day Free Trial 7.57 4.17 5.68 3.40 6.21

JSE:BOX vs DDS, M: Interest Coverage Comparison

For the Department Stores subindustry, Boxer Retail'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.


Boxer Retail Interest Coverage vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boxer Retail's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Boxer Retail's Interest Coverage falls into.


JSE:BOX
18GF Score
Boxer Retail Ltd JSE:BOX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Boxer Retail 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.

Boxer Retail's Interest Coverage for the fiscal year that ended in Feb. 2026 is calculated as

Here, for the fiscal year that ended in Feb. 2026, Boxer Retail's Interest Expense was R-549 Mil. Its Operating Income was R2,638 Mil. And its Long-Term Debt & Capital Lease Obligation was R4,833 Mil.

Interest Coverage=-1* Operating Income (A: Feb. 2026 )/Interest Expense (A: Feb. 2026 )
=-1*2638/-549
=4.81

Boxer Retail's Interest Coverage for the quarter that ended in Feb. 2026 is calculated as

Here, for the six months ended in Feb. 2026, Boxer Retail's Interest Expense was R-275 Mil. Its Operating Income was R1,707 Mil. And its Long-Term Debt & Capital Lease Obligation was R4,833 Mil.

Interest Coverage=-1* Operating Income (Q: Feb. 2026 )/Interest Expense (Q: Feb. 2026 )
=-1*1707/-275
=6.21

* 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 6.21 mean?
Boxer Retail (JSE:BOX) has a Interest Coverage of 6.21 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Boxer Retail and its competitors. This is 23% above median its historical median of 5.04. Over the past decade, Boxer Retail's Interest Coverage has ranged from 3.57 to 6.14. According to the industry distribution chart, Boxer Retail ranks #522 out of 824 companies in the Retail - Cyclical industry, placing it in the top 63.3%.
Is Boxer Retail's Interest Coverage too high?
Boxer Retail's current Interest Coverage of 6.21 is 23% above median its 10-year median of 5.04. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 6.14. The Retail - Cyclical industry median Interest Coverage is 7.94. Boxer Retail's value of 6.21 is 21.8% below this industry median. Based on the distribution chart, Boxer Retail ranks #522 out of 824 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Boxer Retail has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Boxer Retail's Interest Coverage compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Boxer Retail ranks #522 out of 824 companies for Interest Coverage. This places Boxer Retail in the lower half of its industry. The industry median Interest Coverage is 7.94. Boxer Retail's value of 6.21 is 21.8% below this benchmark. Historically, Boxer Retail's own Interest Coverage has ranged from 3.57 to 6.14 over the past decade. While the company's 10-year median is 5.04 vs. the industry median of 7.94, Boxer Retail 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 Retail - Cyclical company?
The median Interest Coverage among Retail - Cyclical companies is 7.94, based on 824 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. Boxer Retail's current Interest Coverage of 6.21 is 21.8% 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 Boxer Retail and its competitors. For the Retail - Cyclical industry, the median Interest Coverage is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boxer Retail's current Interest Coverage is 6.21, which is 23% above median its own 10-year median of 5.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boxer Retail stock overvalued right now?
Boxer Retail (JSE:BOX) has a current Interest Coverage of 6.21. The current Interest Coverage is 6.21, which is 23% above median its 10-year median of 5.04 and 21.8% below the Retail - Cyclical industry median of 7.94. Boxer Retail's overall GF Score™ is 18/100 with 4 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 Boxer Retail (JSE:BOX), the current Interest Coverage is 6.21 as of Feb. 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.

Boxer Retail Business Description

Address 41 The Boulevard, PO Box 370, Westend Office Park, Westville, NL, ZAF, 3630
Boxer Retail Ltd is engaged in the retail of food, health and beauty products, general merchandise and liquor, and additional value-added services, in South Africa and Eswatini. The group has one operating segment, namely Boxer Group which includes all retail operations under the Boxer Superstores, Boxer Build and Boxer Liquors brands selling products such as groceries, general merchandise and liquor.
18GF Score

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

R83.41
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