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. Norris Industries's
Operating Income
for the
three
months ended in Feb. 2026 was $-0.15 Mil. Norris Industries's Interest Expense for the
three
months ended in Feb. 2026 was $-0.03 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 Norris Industries's Interest Coverage or its related term are showing as below:
NRIS's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.89 * Ranked among companies with meaningful Interest Coverage only.
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 .
Norris Industries Interest Coverage Related Terms
Norris Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Norris Industries'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.
NRIS vs BRN, MXC, TPET: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Norris Industries'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.
Norris Industries Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Norris Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Norris Industries'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:
Norris Industries 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.
What does a Interest Coverage of 0 (At Loss) mean?
Norris Industries (NRIS) has a Interest Coverage of 0 (At Loss) as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Norris Industries and its competitors. According to the industry distribution chart, Norris Industries ranks #999999 out of 731 companies in the Oil & Gas industry.
Is Norris Industries' Interest Coverage too high?
Norris Industries' current Interest Coverage is 0 (At Loss). Based on the distribution chart, Norris Industries ranks #999999 out of 731 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Norris Industries has a GF Score™ of 15/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norris Industries' Interest Coverage compare to BRN and MXC?
According to the Oil & Gas industry distribution chart, Norris Industries ranks #999999 out of 731 companies for Interest Coverage. This places Norris Industries in the lower half of its industry. The industry median Interest Coverage is 5.89. 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 Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 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 Norris Industries and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norris Industries'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 Norris Industries stock overvalued right now?
Based on GuruFocus' analysis, Norris Industries (NRIS) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.04, compared to a current price of $0.13 — trading 227.8% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Norris Industries' overall GF Score™ is 15/100 with 6 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 Norris Industries (NRIS), the current Interest Coverage is 0 (At Loss) as of Feb. 2026. 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 Norris Industries (NRIS) Overvalued in 2026?
Based on GuruFocus' analysis, Norris Industries stock appears to be overvalued.
The current stock price of $0.13 is trading 227.8% above its estimated GF Value™ of $0.04.
GuruFocus considers Norris Industries to be Significantly Overvalued.
Key valuation signals for NRIS:
Interest Coverage: 0 (At Loss)
GF Value™: $0.04 vs. price of $0.13 (227.8% above fair value)
No single metric tells the full story. See the NRIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norris Industries Inc is an oil and gas exploration company managed by business and oil and gas exploration veterans specializing in the oil and gas acquisition and exploration markets of the Central West Texas region. The company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties. Its projects include Dawson in Permian Basin, Bend Arch Tiger in Central West Texas, Guadalupe in South Texas, Bend Arch Lion 1A, Bend Arch Lion 1B in Central West Texas, and Marshall Walden in East Texas.
15GF Score
Get the complete analysis for NRIS
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NRIS has been successfully added to your 
