Pakistan National Shipping (KAR:PNSC) Interest Coverage: 1.70 (As of Mar. 2026) — 57% Below Median


KAR:PNSC Pakistan National Shipping Corp Ltd KAR:PNSC
81 GF Score
Price ₨613.04
GF Value ₨300.41
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Pakistan National Shipping Interest Coverage?

Pakistan National Shipping KAR:PNSC 81 Interest Coverage is 1.70 as of Mar. 2026, which is 57% below its 10-year median of 3.93. GuruFocus rates KAR:PNSC with a GF Score™ of 81/100 and a GF Value™ of ₨300.41 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 838 Transportation companies, Pakistan National Shipping ranks better than 59.79% 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. Pakistan National Shipping's Operating Income for the three months ended in Mar. 2026 was ₨1,497 Mil. Pakistan National Shipping's Interest Expense for the three months ended in Mar. 2026 was ₨-879 Mil. Pakistan National Shipping's interest coverage for the quarter that ended in Mar. 2026 was 1.70. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Pakistan National Shipping's Interest Coverage or its related term are showing as below:

KAR:PNSC' s Interest Coverage Range Over the Past 10 Years
Min: 2.04   Med: 3.93   Max: 25.27
Current: 8


KAR:PNSC's Interest Coverage is ranked better than
59.79% of 838 companies
in the Transportation industry
Industry Median: 5.72 vs KAR:PNSC: 8.00

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


Pakistan National Shipping  (KAR:PNSC) 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 .


Pakistan National Shipping Interest Coverage Related Terms


Pakistan National Shipping Interest Coverage Historical Data

* Premium members only.

The historical data trend for Pakistan National Shipping'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.

Pakistan National Shipping Interest Coverage Chart

Pakistan National Shipping Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.20 12.53 17.03 16.18 25.27

Pakistan National Shipping 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 22.50 32.65 51.55 21.01 1.70

Pakistan National Shipping Interest Coverage Competitor Comparison

For the Marine Shipping subindustry, Pakistan National Shipping'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.


Pakistan National Shipping Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Pakistan National Shipping's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pakistan National Shipping's Interest Coverage falls into.


KAR:PNSC
81GF Score
Pakistan National Shipping Corp Ltd KAR:PNSC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan National Shipping 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.

Pakistan National Shipping's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Pakistan National Shipping's Interest Expense was ₨-418 Mil. Its Operating Income was ₨10,551 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨1,095 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*10551.134/-417.605
=25.27

Pakistan National Shipping's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Pakistan National Shipping's Interest Expense was ₨-879 Mil. Its Operating Income was ₨1,497 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨42,633 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1497.38/-878.854
=1.70

* 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 1.70 mean?
Pakistan National Shipping (KAR:PNSC) has a Interest Coverage of 1.70 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Pakistan National Shipping and its competitors. This is 57% below median its historical median of 3.93. Over the past decade, Pakistan National Shipping's Interest Coverage has ranged from 2.04 to 25.27. According to the industry distribution chart, Pakistan National Shipping ranks #337 out of 838 companies in the Transportation industry, placing it in the top 40.2%.
Is Pakistan National Shipping's Interest Coverage too high?
Pakistan National Shipping's current Interest Coverage of 1.70 is 57% below median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 25.27. The Transportation industry median Interest Coverage is 5.72. Pakistan National Shipping's value of 1.70 is 70.3% below this industry median. Based on the distribution chart, Pakistan National Shipping ranks #337 out of 838 companies in the Transportation industry, which is above the industry midpoint. Overall, Pakistan National Shipping has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan National Shipping's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Pakistan National Shipping ranks #337 out of 838 companies for Interest Coverage. This puts Pakistan National Shipping in the upper half of its industry. The industry median Interest Coverage is 5.72. Pakistan National Shipping's value of 1.70 is 70.3% below this benchmark. Historically, Pakistan National Shipping's own Interest Coverage has ranged from 2.04 to 25.27 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 5.72, Pakistan National Shipping 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 Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 838 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. Pakistan National Shipping's current Interest Coverage of 1.70 is 70.3% 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 Pakistan National Shipping and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan National Shipping's current Interest Coverage is 1.70, which is 57% below median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan National Shipping stock overvalued right now?
Based on GuruFocus' analysis, Pakistan National Shipping (KAR:PNSC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨300.41, compared to a current price of ₨613.04 — trading 104.1% above its estimated fair value. The current Interest Coverage is 1.70, which is 57% below median its 10-year median of 3.93 and 70.3% below the Transportation industry median of 5.72. Pakistan National Shipping's overall GF Score™ is 81/100 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 Pakistan National Shipping (KAR:PNSC), the current Interest Coverage is 1.70 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 Pakistan National Shipping (KAR:PNSC) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan National Shipping stock appears to be overvalued. The current stock price of ₨613.04 is trading 104.1% above its estimated GF Value™ of ₨300.41. GuruFocus considers Pakistan National Shipping to be Significantly Overvalued.

Key valuation signals for KAR:PNSC:

  • Interest Coverage: 1.70 (57% below median its 10-year median of 3.93)
  • GF Value™: ₨300.41 vs. price of ₨613.04 (104.1% above fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 70.3% below the Transportation median (#337 of 838)

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


Pakistan National Shipping Business Description

Address PNSC Building, Moulvi Tamizuddin Khan Road, P.O. BOX No. 5350, Karachi, SD, PAK, 74000
Pakistan National Shipping Corp Ltd, the Holding Company, its subsidiary, and an associate operate in Pakistan's maritime industry. The Group focuses on shipping, vessel chartering, cargo transportation, and property leasing. As the national flag carrier, the company operates a varied fleet, including tankers for energy transport and bulk carriers for transporting a wide range of dry commodities such as iron, fertilizers, coal, and grain. The company also provides comprehensive services such as ocean freight, container shipping, marine and port services, technical support, and leasing solutions. Its key business segments include dry cargo, liquid cargo, and slot charter/break bulk.
81GF Score

Get the complete analysis for KAR:PNSC

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

₨613.04
Price
₨300.41
GF Value