Cardeon AB (NGM:CARDEO) Interest Coverage: 0 (At Loss) (As of Dec. 2025)


What is Cardeon AB Interest Coverage?

Cardeon AB NGM:CARDEO +30.00% Interest Coverage is 0 (At Loss) as of Dec. 2025. The stock has 5 warning signs investors should review. Among 475 Asset Management companies, Cardeon AB ranks worse than 210526.11% 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. Cardeon AB's Operating Income for the three months ended in Dec. 2025 was kr-8.97 Mil. Cardeon AB's Interest Expense for the three months ended in Dec. 2025 was kr-0.09 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 Cardeon AB's Interest Coverage or its related term are showing as below:


NGM:CARDEO's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 42.97
* 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.

Cardeon AB  (NGM:CARDEO) 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 .

Cardeon AB Interest Coverage Related Terms

Cardeon AB Interest Coverage Historical Data

* Premium members only.

The historical data trend for Cardeon AB'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.

Cardeon AB Interest Coverage Chart

Cardeon AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 356.94 No Debt 0.00 0.00 0.00

Cardeon AB Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.00 0.00 0.00 0.00 0.00

NGM:CARDEO vs BLK, BX, KKR: Interest Coverage Comparison

For the Asset Management subindustry, Cardeon AB'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.

Cardeon AB Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Cardeon AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cardeon AB's Interest Coverage falls into.


Cardeon AB 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.

Cardeon AB'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, Cardeon AB's Interest Expense was kr-0.27 Mil. Its Operating Income was kr-13.88 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Cardeon AB did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2025, Cardeon AB's Interest Expense was kr-0.09 Mil. Its Operating Income was kr-8.97 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Cardeon AB did not have earnings to cover the 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.

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?
Cardeon AB (NGM:CARDEO) 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 Cardeon AB and its competitors. According to the industry distribution chart, Cardeon AB ranks #999999 out of 475 companies in the Asset Management industry.
Is Cardeon AB's Interest Coverage too high?
Cardeon AB's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Cardeon AB ranks #999999 out of 475 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does Cardeon AB's Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, Cardeon AB ranks #999999 out of 475 companies for Interest Coverage. This places Cardeon AB in the lower half of its industry. The industry median Interest Coverage is 42.97. 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 Asset Management company?
The median Interest Coverage among Asset Management companies is 42.97, based on 475 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 Cardeon AB and its competitors. For the Asset Management industry, the median Interest Coverage is 42.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cardeon AB'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 Cardeon AB stock overvalued right now?
Based on GuruFocus' analysis, Cardeon AB (NGM:CARDEO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.01, compared to a current price of kr0.07 — trading 550% above its estimated fair value. The current Interest Coverage is 0 (At Loss). 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 Cardeon AB (NGM:CARDEO), 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.

Cardeon AB Business Description

Address Gasverksgatan 3, Lund, SWE, SE-222 29
Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.