NorcrosLSE:NXR +0.33%75 Interest Coverage is 2.03 as of Mar. 2026, which is 63% below its 10-year median of 5.49. GuruFocus rates LSE:NXR with a GF Score™ of 75/100 and a GF Value™ of £2.52 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,349 Construction companies, Norcros ranks worse than 72.79% 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. Norcros's
Operating Income
for the
six
months ended in Mar. 2026 was £7.9 Mil. Norcros's Interest Expense for the
six
months ended in Mar. 2026 was £-3.9 Mil.
Norcros's interest coverage for the quarter that ended in Mar. 2026 was 2.03.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Norcros's Interest Coverage or its related term are showing as below:
LSE:NXR'
s Interest Coverage Range Over the Past 10 Years
Min: 1.43 Med: 5.49 Max: 12.48
Current: 3.13
LSE:NXR's Interest Coverage is ranked worse than 72.79% of 1349
companies
in the Construction industry
Industry Median: 7.92
vs LSE:NXR: 3.13
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 .
Norcros Interest Coverage Related Terms
Norcros Interest Coverage Historical Data
* Premium members only.
The historical data trend for Norcros'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.
LSE:NXR vs TT, JCI, CARR: Interest Coverage Comparison
For the Building Products & Equipment subindustry, Norcros'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.
Norcros Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Norcros's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Norcros's Interest Coverage falls into.
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:
* 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.
Norcros (LSE:NXR) has a Interest Coverage of 2.03 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Norcros and its competitors. This is 63% below median its historical median of 5.49. Over the past decade, Norcros' Interest Coverage has ranged from 1.43 to 12.48. According to the industry distribution chart, Norcros ranks #982 out of 1349 companies in the Construction industry, placing it in the top 72.8%.
Is Norcros' Interest Coverage too high?
Norcros' current Interest Coverage of 2.03 is 63% below median its 10-year median of 5.49. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 12.48. The Construction industry median Interest Coverage is 7.92. Norcros' value of 2.03 is 74.4% below this industry median. Based on the distribution chart, Norcros ranks #982 out of 1349 companies in the Construction industry, which is below the industry midpoint. Overall, Norcros has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcros' Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, Norcros ranks #982 out of 1349 companies for Interest Coverage. This places Norcros in the lower half of its industry. The industry median Interest Coverage is 7.92. Norcros' value of 2.03 is 74.4% below this benchmark. Historically, Norcros' own Interest Coverage has ranged from 1.43 to 12.48 over the past decade. While the company's 10-year median is 5.49 vs. the industry median of 7.92, Norcros 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 Construction company?
The median Interest Coverage among Construction companies is 7.92, based on 1,349 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. Norcros's current Interest Coverage of 2.03 is 74.4% 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 Norcros and its competitors. For the Construction industry, the median Interest Coverage is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcros's current Interest Coverage is 2.03, which is 63% below median its own 10-year median of 5.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcros stock overvalued right now?
Based on GuruFocus' analysis, Norcros (LSE:NXR) is currently considered Modestly Overvalued. The stock's GF Value™ is £2.52, compared to a current price of £3.01 — trading 19.4% above its estimated fair value. The current Interest Coverage is 2.03, which is 63% below median its 10-year median of 5.49 and 74.4% below the Construction industry median of 7.92. Norcros' overall GF Score™ is 75/100 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 Norcros (LSE:NXR), the current Interest Coverage is 2.03 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 Norcros (LSE:NXR) Overvalued in 2026?
Based on GuruFocus' analysis, Norcros stock appears to be overvalued.
The current stock price of £3.01 is trading 19.4% above its estimated GF Value™ of £2.52.
GuruFocus considers Norcros to be Modestly Overvalued.
Key valuation signals for LSE:NXR:
Interest Coverage: 2.03 (63% below median its 10-year median of 5.49)
GF Value™: £2.52 vs. price of £3.01 (19.4% above fair value)
Industry Position: 74.4% below the Construction median (#982 of 1349)
No single metric tells the full story. See the LSE:NXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norcros PLC manufactures and markets showers, taps, bathroom accessories, tiles, and adhesives. The company has complementary UK businesses: Triton Showers, Merlyn, Vado, Croydex, Abode, Johnson Tiles, and Norcros Adhesives both for domestic and commercial applications, and three complementary businesses in South Africa: Johnson Tiles South Africa, TAL, and Tile Africa. The Group operates in two main geographical areas: the UK and Ireland and South Africa. The maximum revenue is generated from its business in the United Kingdom.
75GF Score
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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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