MedlineMDLN +2.79%16 Interest Coverage is 2.56 as of Mar. 2026, which is 36% above its 10-year median of 1.88. GuruFocus rates MDLN with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 468 Medical Devices & Instruments companies, Medline ranks worse than 86.32% 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. Medline's
Operating Income
for the
three
months ended in Mar. 2026 was $422 Mil. Medline's Interest Expense for the
three
months ended in Mar. 2026 was $-165 Mil.
Medline's interest coverage for the quarter that ended in Mar. 2026 was 2.56.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Medline's Interest Coverage or its related term are showing as below:
MDLN'
s Interest Coverage Range Over the Past 10 Years
Min: 0.99 Med: 1.88 Max: 2.72
Current: 2.69
MDLN's Interest Coverage is ranked worse than 86.32% of 468
companies
in the Medical Devices & Instruments industry
Industry Median: 15.71
vs MDLN: 2.69
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 .
Medline Interest Coverage Related Terms
Medline Interest Coverage Historical Data
* Premium members only.
The historical data trend for Medline'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.
MDLN vs RMD, WST, BDX: Interest Coverage Comparison
For the Medical Instruments & Supplies subindustry, Medline'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.
Medline Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medline's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Medline'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.
Medline (MDLN) has a Interest Coverage of 2.56 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Medline and its competitors. This is 36% above median its historical median of 1.88. Over the past decade, Medline's Interest Coverage has ranged from 0.99 to 2.72. According to the industry distribution chart, Medline ranks #404 out of 468 companies in the Medical Devices & Instruments industry, placing it in the top 86.3%.
Is Medline's Interest Coverage too high?
Medline's current Interest Coverage of 2.56 is 36% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 2.72. The Medical Devices & Instruments industry median Interest Coverage is 15.71. Medline's value of 2.56 is 83.7% below this industry median. Based on the distribution chart, Medline ranks #404 out of 468 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Medline has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Medline's Interest Coverage compare to RMD and WST?
According to the Medical Devices & Instruments industry distribution chart, Medline ranks #404 out of 468 companies for Interest Coverage. This places Medline in the lower half of its industry. The industry median Interest Coverage is 15.71. Medline's value of 2.56 is 83.7% below this benchmark. Historically, Medline's own Interest Coverage has ranged from 0.99 to 2.72 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 15.71, Medline 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 Medical Devices & Instruments company?
The median Interest Coverage among Medical Devices & Instruments companies is 15.71, based on 468 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. Medline's current Interest Coverage of 2.56 is 83.7% 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 Medline and its competitors. For the Medical Devices & Instruments industry, the median Interest Coverage is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medline's current Interest Coverage is 2.56, which is 36% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medline stock overvalued right now?
Medline (MDLN) has a current Interest Coverage of 2.56. The current Interest Coverage is 2.56, which is 36% above median its 10-year median of 1.88 and 83.7% below the Medical Devices & Instruments industry median of 15.71. Medline's overall GF Score™ is 16/100 with 3 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 Medline (MDLN), the current Interest Coverage is 2.56 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.
Medline is the largest provider of medical-surgical products and supply chain solutions in the US. The company generates over 90% of its revenue domestically and serves some of the largest US health systems. Medline offers approximately 190,000 Medline-branded products across more than 250 product families—including front-line care, surgical solutions, and laboratory and diagnostics—as well as roughly 150,000 third-party products sourced from over 1,250 vendors. The company maintains prime vendor relationships with many customers, acting as the primary consolidated logistics partner for their medical-surgical needs. Medline has significant scale, supported by more than 30 manufacturing facilities and a fleet of over 2,000 owned delivery trucks. Medline went public in December 2025.
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