NROM (Noble Roman's) Interest Coverage: 2.24 (As of Mar. 2026) — 13% Above Median


NROM Noble Roman's Inc NROM
31 GF Score
Price $0.54
GF Value $0.32
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Noble Roman's Interest Coverage?

Noble Roman's NROM +0.09% 31 Interest Coverage is 2.24 as of Mar. 2026, which is 13% above its 10-year median of 1.99. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 261 Restaurants companies, Noble Roman's ranks worse than 77.01% 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. Noble Roman's's Operating Income for the three months ended in Mar. 2026 was $0.55 Mil. Noble Roman's's Interest Expense for the three months ended in Mar. 2026 was $-0.25 Mil. Noble Roman's's interest coverage for the quarter that ended in Mar. 2026 was 2.24. The higher the ratio, the stronger the company's financial strength is.

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

NROM' s Interest Coverage Range Over the Past 10 Years
Min: 0.23   Med: 1.99   Max: 5
Current: 2.33


NROM's Interest Coverage is ranked worse than
77.01% of 261 companies
in the Restaurants industry
Industry Median: 6.46 vs NROM: 2.33

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


Noble Roman's  (OTCPK:NROM) 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 .


Noble Roman's Interest Coverage Related Terms


Noble Roman's Interest Coverage Historical Data

* Premium members only.

The historical data trend for Noble Roman's'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.

Noble Roman's Interest Coverage Chart

Noble Roman's 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 1.28 0.23 1.97 0.90 2.15

Noble Roman's Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.52 2.16 2.02 3.60 2.24

NROM vs GTIM, PETZ, CCHH: Interest Coverage Comparison

For the Restaurants subindustry, Noble Roman's'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.


Noble Roman's Interest Coverage vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Noble Roman's's Interest Coverage falls into.


NROM
31GF Score
Noble Roman's Inc NROM
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noble Roman's 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.

Noble Roman's'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, Noble Roman's's Interest Expense was $-1.34 Mil. Its Operating Income was $2.88 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.56 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*2.875/-1.337
=2.15

Noble Roman's's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Noble Roman's's Interest Expense was $-0.25 Mil. Its Operating Income was $0.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.32 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*0.55/-0.245
=2.24

* 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 2.24 mean?
Noble Roman's (NROM) has a Interest Coverage of 2.24 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Noble Roman's and its competitors. This is 13% above median its historical median of 1.99. Over the past decade, Noble Roman's' Interest Coverage has ranged from 0.23 to 5.00. According to the industry distribution chart, Noble Roman's ranks #201 out of 261 companies in the Restaurants industry, placing it in the top 77%.
Is Noble Roman's' Interest Coverage too high?
Noble Roman's' current Interest Coverage of 2.24 is 13% above median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 5.00. The Restaurants industry median Interest Coverage is 6.46. Noble Roman's' value of 2.24 is 65.3% below this industry median. Based on the distribution chart, Noble Roman's ranks #201 out of 261 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Noble Roman's has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noble Roman's' Interest Coverage compare to GTIM and PETZ?
According to the Restaurants industry distribution chart, Noble Roman's ranks #201 out of 261 companies for Interest Coverage. This places Noble Roman's in the lower half of its industry. The industry median Interest Coverage is 6.46. Noble Roman's' value of 2.24 is 65.3% below this benchmark. Historically, Noble Roman's' own Interest Coverage has ranged from 0.23 to 5.00 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 6.46, Noble Roman's 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 a Restaurants company?
The median Interest Coverage among Restaurants companies is 6.46, based on 261 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. Noble Roman's's current Interest Coverage of 2.24 is 65.3% 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 Noble Roman's and its competitors. For the Restaurants industry, the median Interest Coverage is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current Interest Coverage is 2.24, which is 13% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Roman's stock overvalued right now?
Based on GuruFocus' analysis, Noble Roman's (NROM) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.32, compared to a current price of $0.54 — trading 69.1% above its estimated fair value. The current Interest Coverage is 2.24, which is 13% above median its 10-year median of 1.99 and 65.3% below the Restaurants industry median of 6.46. Noble Roman's' overall GF Score™ is 31/100 with 2 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 Noble Roman's (NROM), the current Interest Coverage is 2.24 as of Mar. 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 Noble Roman's (NROM) Overvalued in 2026?

Based on GuruFocus' analysis, Noble Roman's stock appears to be overvalued. The current stock price of $0.54 is trading 69.1% above its estimated GF Value™ of $0.32. GuruFocus considers Noble Roman's to be Significantly Overvalued.

Key valuation signals for NROM:

  • Interest Coverage: 2.24 (13% above median its 10-year median of 1.99)
  • GF Value™: $0.32 vs. price of $0.54 (69.1% above fair value)
  • GF Score™: 31/100 with 2 warning signs
  • Industry Position: 65.3% below the Restaurants median (#201 of 261)

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


Noble Roman's Business Description

Address 6612 E. 75th Street, Suite 450, Indianapolis, IN, USA, 46250
Noble Roman's Inc is a restaurant operator. It sells and services franchises and licenses and operates Company-owned stand-alone restaurants and non-traditional foodservice operations under the trade names Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. The Company has two reportable operating segments: Franchising - Consists of franchise royalties, franchise fee revenue, manufacturer and distributor allowances, equipment commissions, and related support activities; and Company-Owned Restaurants - Consists of the operations of Company-owned Craft Pizza & Pub locations and Company-operated non-traditional restaurant locations.
31GF Score

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

$0.54
Price
$0.32
GF Value