IngevityMEX:NGVT 65 Interest Coverage is 4.06 as of Mar. 2026, which is 29% below its 10-year median of 5.73. GuruFocus rates MEX:NGVT with a GF Score™ of 65/100 and a GF Value™ of MXN866.44. The stock has 6 warning signs investors should review. Among 1,237 Chemicals companies, Ingevity ranks worse than 73.4% 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. Ingevity's
Operating Income
for the
three
months ended in Mar. 2026 was MXN1,244 Mil. Ingevity's Interest Expense for the
three
months ended in Mar. 2026 was MXN-307 Mil.
Ingevity's interest coverage for the quarter that ended in Mar. 2026 was 4.06.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ingevity's Interest Coverage or its related term are showing as below:
MEX:NGVT'
s Interest Coverage Range Over the Past 10 Years
Min: 2.78 Med: 5.73 Max: 11.2
Current: 3.77
MEX:NGVT's Interest Coverage is ranked worse than 73.4% of 1237
companies
in the Chemicals industry
Industry Median: 10.21
vs MEX:NGVT: 3.77
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 .
Ingevity Interest Coverage Related Terms
Ingevity Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ingevity'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.
MEX:NGVT vs MTX, KWR, ASH: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Ingevity'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.
Ingevity Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ingevity's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ingevity'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.
Ingevity (MEX:NGVT) has a Interest Coverage of 4.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ingevity and its competitors. This is 29% below median its historical median of 5.73. Over the past decade, Ingevity's Interest Coverage has ranged from 2.78 to 11.20. According to the industry distribution chart, Ingevity ranks #908 out of 1237 companies in the Chemicals industry, placing it in the top 73.4%.
Is Ingevity's Interest Coverage too high?
Ingevity's current Interest Coverage of 4.06 is 29% below median its 10-year median of 5.73. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 11.20. The Chemicals industry median Interest Coverage is 10.21. Ingevity's value of 4.06 is 60.2% below this industry median. Based on the distribution chart, Ingevity ranks #908 out of 1237 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ingevity has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Ingevity's Interest Coverage compare to MTX and KWR?
According to the Chemicals industry distribution chart, Ingevity ranks #908 out of 1237 companies for Interest Coverage. This places Ingevity in the lower half of its industry. The industry median Interest Coverage is 10.21. Ingevity's value of 4.06 is 60.2% below this benchmark. Historically, Ingevity's own Interest Coverage has ranged from 2.78 to 11.20 over the past decade. While the company's 10-year median is 5.73 vs. the industry median of 10.21, Ingevity 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.21, based on 1,237 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. Ingevity's current Interest Coverage of 4.06 is 60.2% 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 Ingevity and its competitors. For the Chemicals industry, the median Interest Coverage is 10.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingevity's current Interest Coverage is 4.06, which is 29% below median its own 10-year median of 5.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingevity stock overvalued right now?
Ingevity (MEX:NGVT) has a current Interest Coverage of 4.06. The stock's GF Value™ is MXN866.44, compared to a current price of MXN1,430.00 — trading 65% above its estimated fair value. The current Interest Coverage is 4.06, which is 29% below median its 10-year median of 5.73 and 60.2% below the Chemicals industry median of 10.21. Ingevity's overall GF Score™ is 65/100 with 6 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 Ingevity (MEX:NGVT), the current Interest Coverage is 4.06 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 Ingevity (MEX:NGVT) Overvalued in 2026?
Based on GuruFocus' analysis, Ingevity stock appears to be overvalued.
The current stock price of MXN1,430.00 is trading 65% above its estimated GF Value™ of MXN866.44.
Key valuation signals for MEX:NGVT:
Interest Coverage: 4.06 (29% below median its 10-year median of 5.73)
GF Value™: MXN866.44 vs. price of MXN1,430.00 (65% above fair value)
Industry Position: 60.2% below the Chemicals median (#908 of 1237)
No single metric tells the full story. See the MEX:NGVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through three segments, namely Performance Chemicals, Advanced Polymer Technologies, and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals that find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focuses on automotive carbon products used in automobiles. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers. The company generates the majority of its revenue from North America.
65GF Score
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