NICO Holdings (MSW:NICO) Interest Coverage: 0 (At Loss) (As of Dec. 2025)


MSW:NICO NICO Holdings PLC MSW:NICO
57 GF Score
Price MWK1,599.23
GF Value MWK728.63
Valuation Significantly Overvalued
! 2 Warning Signs
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What is NICO Holdings Interest Coverage?

NICO Holdings MSW:NICO -0.06% 57 Interest Coverage is 0 (At Loss) as of Dec. 2025. GuruFocus rates MSW:NICO with a GF Score™ of 57/100 and a GF Value™ of MWK728.63 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 351 Insurance companies, NICO Holdings ranks worse than 284900% 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 EBIT by its Interest Expense. NICO Holdings's EBIT for the six months ended in Dec. 2025 was MWK0 Mil. NICO Holdings's Interest Expense for the six months ended in Dec. 2025 was MWK-9,879 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 NICO Holdings's Interest Coverage or its related term are showing as below:


MSW:NICO's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 16.23
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NICO Holdings  (MSW:NICO) 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 .

NICO Holdings Interest Coverage Related Terms

NICO Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for NICO Holdings'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.

NICO Holdings Interest Coverage Chart

NICO Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
Interest Coverage
2.79 1.96 2.22 0.00 0.00

NICO Holdings Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
Interest Coverage 2.79 1.96 2.22 0.00 0.00

MSW:NICO vs BRK.A, AIG, HIG: Interest Coverage Comparison

For the Insurance - Diversified subindustry, NICO Holdings'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.

NICO Holdings Interest Coverage vs Insurance Industry

For the Insurance industry and Financial Services sector, NICO Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where NICO Holdings's Interest Coverage falls into.


MSW:NICO
57GF Score
NICO Holdings PLC MSW:NICO
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NICO Holdings Interest Coverage Calculation

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:

If Interest Expense is negative and EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NICO Holdings's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, NICO Holdings's Interest Expense was MWK-9,879 Mil. Its EBIT was MWK0 Mil. And its Long-Term Debt & Capital Lease Obligation was MWK55,026 Mil.

NICO Holdings's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, NICO Holdings's Interest Expense was MWK-9,879 Mil. Its EBIT was MWK0 Mil. And its Long-Term Debt & Capital Lease Obligation was MWK55,026 Mil.

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
NICO Holdings (MSW:NICO) has a Interest Coverage of 0 (At Loss) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on NICO Holdings and its competitors. According to the industry distribution chart, NICO Holdings ranks #999999 out of 351 companies in the Insurance industry.
Is NICO Holdings' Interest Coverage too high?
NICO Holdings' current Interest Coverage is 0 (At Loss). Based on the distribution chart, NICO Holdings ranks #999999 out of 351 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NICO Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Interest Coverage compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #999999 out of 351 companies for Interest Coverage. This places NICO Holdings in the lower half of its industry. The industry median Interest Coverage is 16.23. 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 Insurance company?
The median Interest Coverage among Insurance companies is 16.23, based on 351 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 NICO Holdings and its competitors. For the Insurance industry, the median Interest Coverage is 16.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings'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 NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Significantly Overvalued. The stock's GF Value™ is MWK728.63, compared to a current price of MWK1,599.23 — trading 119.5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). NICO Holdings' overall GF Score™ is 57/100 with 2 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 NICO Holdings (MSW:NICO), the current Interest Coverage is 0 (At Loss) as of Dec. 2025. 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 NICO Holdings (MSW:NICO) Overvalued in 2026?

Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued. The current stock price of MWK1,599.23 is trading 119.5% above its estimated GF Value™ of MWK728.63. GuruFocus considers NICO Holdings to be Significantly Overvalued.

Key valuation signals for MSW:NICO:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: MWK728.63 vs. price of MWK1,599.23 (119.5% above fair value)
  • GF Score™: 57/100 with 2 warning signs

No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NICO Holdings Business Description

Address Chibisa House-19 Glyn Jones Road, PO Box 501, Blantyre, MWI
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
57GF Score

Get the complete analysis for MSW:NICO

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MWK1,599.23
Price
MWK728.63
GF Value