National Gas CoOGMUS:NGCI +4.72%36 Interest Coverage is 0.34 as of Dec. 2025, which is 69% below its 10-year median of 1.11. GuruFocus rates MUS:NGCI with a GF Score™ of 36/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 449 Utilities - Regulated companies, National Gas CoOG ranks worse than 99.78% 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. National Gas CoOG's
Operating Income
for the
three
months ended in Dec. 2025 was ر.ع0.07 Mil. National Gas CoOG's Interest Expense for the
three
months ended in Dec. 2025 was ر.ع-0.20 Mil.
National Gas CoOG's interest coverage for the quarter that ended in Dec. 2025 was 0.34.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for National Gas CoOG's Interest Coverage or its related term are showing as below:
MUS:NGCI'
s Interest Coverage Range Over the Past 10 Years
Min: 0.07 Med: 1.11 Max: 5.43
Current: 0.07
MUS:NGCI's Interest Coverage is ranked worse than 99.78% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs MUS:NGCI: 0.07
National Gas CoOG (MUS:NGCI) 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 .
National Gas CoOG Interest Coverage Related Terms
National Gas CoOG Interest Coverage Historical Data
* Premium members only.
The historical data trend for National Gas CoOG'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.
MUS:NGCI vs ATO, NI, UGI: Interest Coverage Comparison
For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.
National Gas CoOG Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Interest Coverage distribution charts can be found below:
* The bar in red indicates where National Gas CoOG'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.
National Gas CoOG (MUS:NGCI) has a Interest Coverage of 0.34 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Gas CoOG and its competitors. This is 69% below median its historical median of 1.11. Over the past decade, National Gas CoOG's Interest Coverage has ranged from 0.07 to 5.43. According to the industry distribution chart, National Gas CoOG ranks #448 out of 449 companies in the Utilities - Regulated industry, placing it in the top 99.8%.
Is National Gas CoOG's Interest Coverage too high?
National Gas CoOG's current Interest Coverage of 0.34 is 69% below median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 5.43. The Utilities - Regulated industry median Interest Coverage is 3.78. National Gas CoOG's value of 0.34 is 91% below this industry median. Based on the distribution chart, National Gas CoOG ranks #448 out of 449 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, National Gas CoOG has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's Interest Coverage compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, National Gas CoOG ranks #448 out of 449 companies for Interest Coverage. This places National Gas CoOG in the lower half of its industry. The industry median Interest Coverage is 3.78. National Gas CoOG's value of 0.34 is 91% below this benchmark. Historically, National Gas CoOG's own Interest Coverage has ranged from 0.07 to 5.43 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 3.78, National Gas CoOG 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 an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 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. National Gas CoOG's current Interest Coverage of 0.34 is 91% 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 National Gas CoOG and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Gas CoOG's current Interest Coverage is 0.34, which is 69% below median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 23.3% above its estimated fair value. The current Interest Coverage is 0.34, which is 69% below median its 10-year median of 1.11 and 91% below the Utilities - Regulated industry median of 3.78. National Gas CoOG's overall GF Score™ is 36/100 with 7 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 National Gas CoOG (MUS:NGCI), the current Interest Coverage is 0.34 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 National Gas CoOG (MUS:NGCI) Overvalued in 2026?
Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued.
The current stock price of ر.ع0.11 is trading 23.3% above its estimated GF Value™ of ر.ع0.09.
GuruFocus considers National Gas CoOG to be Modestly Overvalued.
Key valuation signals for MUS:NGCI:
Interest Coverage: 0.34 (69% below median its 10-year median of 1.11)
GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (23.3% above fair value)
Industry Position: 91% below the Utilities - Regulated median (#448 of 449)
No single metric tells the full story. See the MUS:NGCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
36GF Score
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