SterisMEX:STE N 90 Interest Coverage is 20.96 as of Mar. 2026, which is 137% above its 10-year median of 8.86. GuruFocus rates MEX:STE N with a GF Score™ of 90/100 and a GF Value™ of MXN4,960.30. The stock has 1 warning sign investors should review. Among 468 Medical Devices & Instruments companies, Steris ranks better than 52.99% 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. Steris's
Operating Income
for the
three
months ended in Mar. 2026 was MXN5,707 Mil. Steris's Interest Expense for the
three
months ended in Mar. 2026 was MXN-272 Mil.
Steris's interest coverage for the quarter that ended in Mar. 2026 was 20.96.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Steris's Interest Coverage or its related term are showing as below:
MEX:STE N'
s Interest Coverage Range Over the Past 10 Years
Min: 5.34 Med: 8.86 Max: 18.22
Current: 18.19
MEX:STE N's Interest Coverage is ranked better than 52.99% of 468
companies
in the Medical Devices & Instruments industry
Industry Median: 15.71
vs MEX:STE N: 18.19
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 .
Steris Interest Coverage Related Terms
Steris Interest Coverage Historical Data
* Premium members only.
The historical data trend for Steris'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:STE N vs ZBH, GEHC, DXCM: Interest Coverage Comparison
For the Medical Devices subindustry, Steris'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.
Steris Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Steris's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Steris'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.
Steris (MEX:STE N) has a Interest Coverage of 20.96 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Steris and its competitors. This is 137% above median its historical median of 8.86. Over the past decade, Steris' Interest Coverage has ranged from 5.34 to 18.22. According to the industry distribution chart, Steris ranks #220 out of 468 companies in the Medical Devices & Instruments industry, placing it in the top 47%.
Is Steris' Interest Coverage too high?
Steris' current Interest Coverage of 20.96 is 137% above median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 5.34 to a high of 18.22. The Medical Devices & Instruments industry median Interest Coverage is 15.71. Steris' value of 20.96 is 33.4% above this industry median. Based on the distribution chart, Steris ranks #220 out of 468 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Steris has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Steris' Interest Coverage compare to ZBH and GEHC?
According to the Medical Devices & Instruments industry distribution chart, Steris ranks #220 out of 468 companies for Interest Coverage. This puts Steris in the upper half of its industry. The industry median Interest Coverage is 15.71. Steris' value of 20.96 is 33.4% above this benchmark. Historically, Steris' own Interest Coverage has ranged from 5.34 to 18.22 over the past decade. While the company's 10-year median is 8.86 vs. the industry median of 15.71, Steris has consistently been above 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. Steris's current Interest Coverage of 20.96 is 33.4% above 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 Steris 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. Steris's current Interest Coverage is 20.96, which is 137% above median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steris stock overvalued right now?
Steris (MEX:STE N) has a current Interest Coverage of 20.96. The stock's GF Value™ is MXN4,960.30, compared to a current price of MXN3,824.43 — trading 22.9% below its estimated fair value. The current Interest Coverage is 20.96, which is 137% above median its 10-year median of 8.86 and 33.4% above the Medical Devices & Instruments industry median of 15.71. Steris' overall GF Score™ is 90/100 with 1 warning sign 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 Steris (MEX:STE N), the current Interest Coverage is 20.96 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 Steris (MEX:STE N) Overvalued in 2026?
Based on GuruFocus' analysis, Steris stock appears to be undervalued.
The current stock price of MXN3,824.43 is trading 22.9% below its estimated GF Value™ of MXN4,960.30.
Key valuation signals for MEX:STE N:
Interest Coverage: 20.96 (137% above median its 10-year median of 8.86)
GF Value™: MXN4,960.30 vs. price of MXN3,824.43 (22.9% below fair value)
Industry Position: 33.4% above the Medical Devices & Instruments median (#220 of 468)
No single metric tells the full story. See the MEX:STE N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steris is an Ireland-domiciled medical technology company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Steris also sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its inversion to Ireland, the firm derives approximately 70% of its revenue from Healthcare Services, 20% from Applied Sterilization Technologies, or AST, and 10% from life sciences services after the divestment of its dental products business.
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