BOC Kenya (NAI:BOC) Interest Coverage: 356.67 (As of Dec. 2025) — 141% Above Median

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NAI:BOC BOC Kenya PLC NAI:BOC
72 GF Score
Price KES171.00
GF Value KES90.18
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is BOC Kenya Interest Coverage?

BOC Kenya NAI:BOC +0.44% 72 Interest Coverage is 356.67 as of Dec. 2025, which is 141% above its 10-year median of 147.92. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,234 Chemicals companies, BOC Kenya ranks better than 92.06% 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. BOC Kenya's Operating Income for the six months ended in Dec. 2025 was KES351 Mil. BOC Kenya's Interest Expense for the six months ended in Dec. 2025 was KES-1 Mil. BOC Kenya's interest coverage for the quarter that ended in Dec. 2025 was 356.67. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. BOC Kenya PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for BOC Kenya's Interest Coverage or its related term are showing as below:

NAI:BOC' s Interest Coverage Range Over the Past 10 Years
Min: 17.05   Med: 147.92   Max: 356.67
Current: 356.67


NAI:BOC's Interest Coverage is ranked better than
92.06% of 1234 companies
in the Chemicals industry
Industry Median: 10.235 vs NAI:BOC: 356.67

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


BOC Kenya  (NAI:BOC) 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 .


BOC Kenya Interest Coverage Related Terms


BOC Kenya Interest Coverage Historical Data

* Premium members only.

The historical data trend for BOC Kenya'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.

BOC Kenya Interest Coverage Chart

BOC Kenya Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 123.96 178.49 297.90 259.54 356.67

BOC Kenya Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 123.96 178.49 297.90 259.54 356.67

NAI:BOC vs DOW: Interest Coverage Comparison

For the Chemicals subindustry, BOC Kenya'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.


BOC Kenya Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, BOC Kenya's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BOC Kenya's Interest Coverage falls into.


NAI:BOC
72GF Score
BOC Kenya PLC NAI:BOC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOC Kenya 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 Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income 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.

BOC Kenya'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, BOC Kenya's Interest Expense was KES-1 Mil. Its Operating Income was KES351 Mil. And its Long-Term Debt & Capital Lease Obligation was KES7 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*350.606/-0.983
=356.67

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

Here, for the six months ended in Dec. 2025, BOC Kenya's Interest Expense was KES-1 Mil. Its Operating Income was KES351 Mil. And its Long-Term Debt & Capital Lease Obligation was KES7 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*350.606/-0.983
=356.67

* 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 356.67 mean?
BOC Kenya (NAI:BOC) has a Interest Coverage of 356.67 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BOC Kenya and its competitors. This is 141% above median its historical median of 147.92. Over the past decade, BOC Kenya's Interest Coverage has ranged from 17.05 to 356.67. According to the industry distribution chart, BOC Kenya ranks #98 out of 1234 companies in the Chemicals industry, placing it in the top 7.9%.
Is BOC Kenya's Interest Coverage too high?
BOC Kenya's current Interest Coverage of 356.67 is 141% above median its 10-year median of 147.92. Over the past 10 years, this metric has ranged from a low of 17.05 to a high of 356.67. The Chemicals industry median Interest Coverage is 10.24. BOC Kenya's value of 356.67 is 3384.8% above this industry median. Based on the distribution chart, BOC Kenya ranks #98 out of 1234 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's Interest Coverage compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #98 out of 1234 companies for Interest Coverage. This places BOC Kenya in the top 8% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 10.24. BOC Kenya's value of 356.67 is 3384.8% above this benchmark. Historically, BOC Kenya's own Interest Coverage has ranged from 17.05 to 356.67 over the past decade. While the company's 10-year median is 147.92 vs. the industry median of 10.24, BOC Kenya 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.24, based on 1,234 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. BOC Kenya's current Interest Coverage of 356.67 is 3384.8% 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 BOC Kenya and its competitors. For the Chemicals industry, the median Interest Coverage is 10.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current Interest Coverage is 356.67, which is 141% above median its own 10-year median of 147.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current Interest Coverage is 356.67, which is 141% above median its 10-year median of 147.92 and 3384.8% above the Chemicals industry median of 10.24. BOC Kenya's overall GF Score™ is 72/100 with 3 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 BOC Kenya (NAI:BOC), the current Interest Coverage is 356.67 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 BOC Kenya (NAI:BOC) Overvalued in 2026?

Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued. The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18. GuruFocus considers BOC Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BOC:

  • Interest Coverage: 356.67 (141% above median its 10-year median of 147.92)
  • GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 3384.8% above the Chemicals median (#98 of 1234)

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


BOC Kenya Business Description

Address 14 Kitui Road, off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score

Get the complete analysis for NAI:BOC

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

KES171.00
Price
KES90.18
GF Value