Macfarlane Group (LSE:MACF) Interest Coverage: 1.91 (As of Dec. 2025) — 82% Below Median


LSE:MACF Macfarlane Group PLC LSE:MACF
61 GF Score
Price £0.68
GF Value £1.18
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Macfarlane Group Interest Coverage?

Macfarlane Group LSE:MACF +2.88% 61 Interest Coverage is 1.91 as of Dec. 2025, which is 82% below its 10-year median of 10.41. GuruFocus rates LSE:MACF with a GF Score™ of 61/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 316 Packaging & Containers companies, Macfarlane Group ranks worse than 73.42% 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. Macfarlane Group's Operating Income for the six months ended in Dec. 2025 was £5.5 Mil. Macfarlane Group's Interest Expense for the six months ended in Dec. 2025 was £-2.9 Mil. Macfarlane Group's interest coverage for the quarter that ended in Dec. 2025 was 1.91. The higher the ratio, the stronger the company's financial strength is.

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

LSE:MACF' s Interest Coverage Range Over the Past 10 Years
Min: 2.52   Med: 10.41   Max: 14.86
Current: 2.52


LSE:MACF's Interest Coverage is ranked worse than
73.42% of 316 companies
in the Packaging & Containers industry
Industry Median: 6.055 vs LSE:MACF: 2.52

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


Macfarlane Group  (LSE:MACF) 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 .


Macfarlane Group Interest Coverage Related Terms


Macfarlane Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Macfarlane Group'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.

Macfarlane Group Interest Coverage Chart

Macfarlane Group 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 14.43 12.37 9.60 7.52 2.52

Macfarlane Group 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 9.10 9.45 6.44 3.33 1.91

LSE:MACF vs SW, PKG, AMCR: Interest Coverage Comparison

For the Packaging & Containers subindustry, Macfarlane Group'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.


Macfarlane Group Interest Coverage vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Macfarlane Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Macfarlane Group's Interest Coverage falls into.


LSE:MACF
61GF Score
Macfarlane Group PLC LSE:MACF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macfarlane Group 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.

Macfarlane Group'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, Macfarlane Group's Interest Expense was £-5.0 Mil. Its Operating Income was £12.5 Mil. And its Long-Term Debt & Capital Lease Obligation was £48.9 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*12.495/-4.968
=2.52

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

Here, for the six months ended in Dec. 2025, Macfarlane Group's Interest Expense was £-2.9 Mil. Its Operating Income was £5.5 Mil. And its Long-Term Debt & Capital Lease Obligation was £48.9 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*5.465/-2.855
=1.91

* 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 1.91 mean?
Macfarlane Group (LSE:MACF) has a Interest Coverage of 1.91 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Macfarlane Group and its competitors. This is 82% below median its historical median of 10.41. Over the past decade, Macfarlane Group's Interest Coverage has ranged from 2.52 to 14.86. According to the industry distribution chart, Macfarlane Group ranks #232 out of 316 companies in the Packaging & Containers industry, placing it in the top 73.4%.
Is Macfarlane Group's Interest Coverage too high?
Macfarlane Group's current Interest Coverage of 1.91 is 82% below median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 14.86. The Packaging & Containers industry median Interest Coverage is 6.06. Macfarlane Group's value of 1.91 is 68.5% below this industry median. Based on the distribution chart, Macfarlane Group ranks #232 out of 316 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Macfarlane Group has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macfarlane Group's Interest Coverage compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Macfarlane Group ranks #232 out of 316 companies for Interest Coverage. This places Macfarlane Group in the lower half of its industry. The industry median Interest Coverage is 6.06. Macfarlane Group's value of 1.91 is 68.5% below this benchmark. Historically, Macfarlane Group's own Interest Coverage has ranged from 2.52 to 14.86 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 6.06, Macfarlane Group 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 Packaging & Containers company?
The median Interest Coverage among Packaging & Containers companies is 6.06, based on 316 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. Macfarlane Group's current Interest Coverage of 1.91 is 68.5% 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 Macfarlane Group and its competitors. For the Packaging & Containers industry, the median Interest Coverage is 6.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macfarlane Group's current Interest Coverage is 1.91, which is 82% below median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macfarlane Group stock overvalued right now?
Based on GuruFocus' analysis, Macfarlane Group (LSE:MACF) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.68 — trading 42.5% below its estimated fair value. The current Interest Coverage is 1.91, which is 82% below median its 10-year median of 10.41 and 68.5% below the Packaging & Containers industry median of 6.06. Macfarlane Group's overall GF Score™ is 61/100 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 Macfarlane Group (LSE:MACF), the current Interest Coverage is 1.91 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 Macfarlane Group (LSE:MACF) Overvalued in 2026?

Based on GuruFocus' analysis, Macfarlane Group stock appears to be undervalued. The current stock price of £0.68 is trading 42.5% below its estimated GF Value™ of £1.18. GuruFocus considers Macfarlane Group to be Significantly Undervalued.

Key valuation signals for LSE:MACF:

  • Interest Coverage: 1.91 (82% below median its 10-year median of 10.41)
  • GF Value™: £1.18 vs. price of £0.68 (42.5% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 68.5% below the Packaging & Containers median (#232 of 316)

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


Macfarlane Group Business Description

Other Exchanges MACFl:UK5K6:Germany
Address 3 Park Gardens, First Floor, Glasgow, GBR, G3 7YE
Macfarlane Group PLC is a United Kingdom-based company that provides services for the packaging sector. It operates in two segments Packaging Distribution segment, which includes the distribution of packaging materials & supply of storage & warehousing services, & Manufacturing Operations comprises the manufacturing & supplying of self-adhesive labels to fast-moving consumer goods. The business operates Regional Distribution Centers, supplying customers with a range of packaging materials & services. It operates across a wide range of sectors such as Aerospace, Defense, Electronics, Medical General, Industrial food, health & beauty, household products, & beverages sectors. It derives key revenue from the Distribution segment. Geographically, it derives the majority revenue from the UK.
61GF Score

Get the complete analysis for LSE:MACF

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

£0.68
Price
£1.18
GF Value