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. Polaris's
Operating Income
for the
three
months ended in Mar. 2026 was MXN-135 Mil. Polaris's Interest Expense for the
three
months ended in Mar. 2026 was MXN-548 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Polaris's Interest Coverage or its related term are showing as below:
MEX:PII'
s Interest Coverage Range Over the Past 10 Years
Min: 0.26 Med: 8.71 Max: 21.46
Current: 0.49
MEX:PII's Interest Coverage is ranked worse than 96.81% of 1066
companies
in the Vehicles & Parts industry
Industry Median: 8.295
vs MEX:PII: 0.49
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 .
Polaris Interest Coverage Related Terms
Polaris Interest Coverage Historical Data
* Premium members only.
The historical data trend for Polaris'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:PII vs THO, PATK, LCII: Interest Coverage Comparison
For the Recreational Vehicles subindustry, Polaris'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.
Polaris Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Polaris'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:
Polaris did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
Polaris (MEX:PII) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Polaris and its competitors. Over the past decade, Polaris' Interest Coverage has ranged from 0.26 to 21.46. According to the industry distribution chart, Polaris ranks #1032 out of 1066 companies in the Vehicles & Parts industry, placing it in the top 96.8%.
Is Polaris' Interest Coverage too high?
Polaris' current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 21.46. Based on the distribution chart, Polaris ranks #1032 out of 1066 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Polaris has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Polaris' Interest Coverage compare to THO and PATK?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #1032 out of 1066 companies for Interest Coverage. This places Polaris in the lower half of its industry. The industry median Interest Coverage is 8.30. Historically, Polaris' own Interest Coverage has ranged from 0.26 to 21.46 over the past decade. 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.30, based on 1,066 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. 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 Polaris and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris stock overvalued right now?
Polaris (MEX:PII) has a current Interest Coverage of 0 (At Loss). The stock's GF Value™ is MXN1,160.38, compared to a current price of MXN1,213.00 — trading 4.5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Polaris' overall GF Score™ is 74/100 with 10 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 Polaris (MEX:PII), the current Interest Coverage is 0 (At Loss) 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 Polaris (MEX:PII) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris stock appears to be overvalued.
The current stock price of MXN1,213.00 is trading 4.5% above its estimated GF Value™ of MXN1,160.38.
Key valuation signals for MEX:PII:
Interest Coverage: 0 (At Loss)
GF Value™: MXN1,160.38 vs. price of MXN1,213.00 (4.5% above fair value)
No single metric tells the full story. See the MEX:PII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to pontoon and deck boat users. It is slated to divest its Indian motorcycle brand to Carolwood in the first quarter of 2026. Polaris products are retailed through more than 2,500 dealers in North America and 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.
74GF Score
Get the complete analysis for MEX:PII
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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