Kenya Airways (NAI:KQ) Interest Coverage: N/A (As of Dec. 2025)


NAI:KQ Kenya Airways Plc NAI:KQ
62 GF Score
Price KES5.92
GF Value KES3.71
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Kenya Airways Interest Coverage?

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. Kenya Airways's Operating Income for the six months ended in Dec. 2025 was KES0 Mil. Kenya Airways's Interest Expense for the six months ended in Dec. 2025 was KES0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kenya Airways Plcs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

NAI:KQ' s Interest Coverage Range Over the Past 10 Years
Min: 0.01   Med: 0.91   Max: 1.06
Current: 0.91

NAI:KQ's Interest Coverage is ranked worse than
93.21% of 839 companies
in the Transportation industry
Industry Median: 5.68 vs NAI:KQ: 0.91

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

Kenya Airways  (NAI:KQ) 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 .

Kenya Airways Interest Coverage Related Terms

Kenya Airways Interest Coverage Historical Data

* Premium members only.

The historical data trend for Kenya Airways'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.

Kenya Airways Interest Coverage Chart

Kenya Airways Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.06 0.91 0.00

Kenya Airways Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 2.06 0.21 1.58 N/A

NAI:KQ vs DAL, UAL, LUV: Interest Coverage Comparison

For the Airlines subindustry, Kenya Airways'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.

Kenya Airways Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Kenya Airways's Interest Coverage distribution charts can be found below:

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


NAI:KQ
62GF Score
Kenya Airways Plc NAI:KQ
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kenya Airways 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.

Kenya Airways'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, Kenya Airways's Interest Expense was KES-11,092 Mil. Its Operating Income was KES-5,345 Mil. And its Long-Term Debt & Capital Lease Obligation was KES166,700 Mil.

Kenya Airways did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2025, Kenya Airways's Interest Expense was KES0 Mil. Its Operating Income was KES0 Mil. And its Long-Term Debt & Capital Lease Obligation was KES166,700 Mil.

GuruFocus does not calculate Kenya Airways's interest coverage with the available data.

* 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.

Is Kenya Airways (NAI:KQ) Overvalued in 2026?

Based on GuruFocus' analysis, Kenya Airways stock appears to be overvalued. The current stock price of KES5.92 is trading 59.6% above its estimated GF Value™ of KES3.71. GuruFocus considers Kenya Airways to be Significantly Overvalued.

Key valuation signals for NAI:KQ:

  • Interest Coverage: N/A
  • GF Value™: KES3.71 vs. price of KES5.92 (59.6% above fair value)
  • GF Score™: 62/100 with 7 warning signs

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

Kenya Airways Business Description

Address Airport North Road, P.O Box 19002, Embakasi, Nairobi, KEN, 00501
Kenya Airways Plc is engaged in the international, regional, and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines, and the handling of import and export cargo. The company's segments include passengers, freight, mail, handling, and others. It operates domestic flights and flies to Africa, the Middle East, Asia, America, and Europe. The company is engaged in four business segments: Passenger, Freight and Mail, Handling, and Other revenue. Key revenue is generated from the Passenger segment.
62GF Score

Get the complete analysis for NAI:KQ

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

KES5.92
Price
KES3.71
GF Value