Meren EnergyMRNFF -0.62%22 Interest Coverage is 2.75 as of Mar. 2026. GuruFocus rates MRNFF with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 731 Oil & Gas companies, Meren Energy ranks worse than 95.76% 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. Meren Energy's
Operating Income
for the
three
months ended in Mar. 2026 was $28.1 Mil. Meren Energy's Interest Expense for the
three
months ended in Mar. 2026 was $-10.2 Mil.
Meren Energy's interest coverage for the quarter that ended in Mar. 2026 was 2.75.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Meren Energy's Interest Coverage or its related term are showing as below:
MRNFF'
s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.58
Current: 0.58
MRNFF's Interest Coverage is ranked worse than 95.76% of 731
companies
in the Oil & Gas industry
Industry Median: 5.89
vs MRNFF: 0.58
Meren Energy (OTCPK:MRNFF) Interest Coverage Explanation
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 .
Meren Energy Interest Coverage Related Terms
Meren Energy Interest Coverage Historical Data
* Premium members only.
The historical data trend for Meren Energy'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.
MRNFF vs COP, EOG, OXY: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Meren Energy'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.
Meren Energy Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Meren Energy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Meren Energy'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.
Meren Energy (MRNFF) has a Interest Coverage of 2.75 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Meren Energy and its competitors. According to the industry distribution chart, Meren Energy ranks #700 out of 731 companies in the Oil & Gas industry, placing it in the top 95.8%.
Is Meren Energy's Interest Coverage too high?
Meren Energy's current Interest Coverage is 2.75. The Oil & Gas industry median Interest Coverage is 5.89. Meren Energy's value of 2.75 is 53.3% below this industry median. Based on the distribution chart, Meren Energy ranks #700 out of 731 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Meren Energy has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Meren Energy's Interest Coverage compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Meren Energy ranks #700 out of 731 companies for Interest Coverage. This places Meren Energy in the lower half of its industry. The industry median Interest Coverage is 5.89. Meren Energy's value of 2.75 is 53.3% below this benchmark. 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 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. Meren Energy's current Interest Coverage of 2.75 is 53.3% 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 Meren Energy and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meren Energy's current Interest Coverage is 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meren Energy stock overvalued right now?
Meren Energy (MRNFF) has a current Interest Coverage of 2.75. The current Interest Coverage is 2.75 and 53.3% below the Oil & Gas industry median of 5.89. Meren Energy's overall GF Score™ is 22/100 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 Meren Energy (MRNFF), the current Interest Coverage is 2.75 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.
Meren Energy Inc is an Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. The development assets of the company are in deepwater Nigeria operated by Majors. The Company holds a forward position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
22GF Score
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