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Nigerian BreweriesNSA:NB -2.10%77 Interest Coverage is 15.92 as of Jun. 2026, which is 305% above its 10-year median of 3.93. GuruFocus rates NSA:NB with a GF Score™ of 77/100 and a GF Value™ of ₦42.81 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 157 Beverages - Alcoholic companies, Nigerian Breweries ranks worse than 53.5% 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. Nigerian Breweries's
Operating Income
for the
three
months ended in Jun. 2026 was ₦161,870 Mil. Nigerian Breweries's Interest Expense for the
three
months ended in Jun. 2026 was ₦-10,165 Mil.
Nigerian Breweries's interest coverage for the quarter that ended in Jun. 2026 was 15.92.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nigerian Breweries's Interest Coverage or its related term are showing as below:
NSA:NB'
s Interest Coverage Range Over the Past 10 Years
Min: 0.69 Med: 3.93 Max: 9.93
Current: 8.09
NSA:NB's Interest Coverage is ranked worse than 53.5% of 157
companies
in the Beverages - Alcoholic industry
Industry Median: 8.56
vs NSA:NB: 8.09
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 .
Nigerian Breweries Interest Coverage Related Terms
Nigerian Breweries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nigerian Breweries'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.
For the Beverages - Brewers subindustry, Nigerian Breweries'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.
Nigerian Breweries Interest Coverage vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries'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:
* 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.
Nigerian Breweries (NSA:NB) has a Interest Coverage of 15.92 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nigerian Breweries and its competitors. This is 305% above median its historical median of 3.93. Over the past decade, Nigerian Breweries' Interest Coverage has ranged from 0.69 to 9.93. According to the industry distribution chart, Nigerian Breweries ranks #84 out of 157 companies in the Beverages - Alcoholic industry, placing it in the top 53.5%.
Is Nigerian Breweries' Interest Coverage too high?
Nigerian Breweries' current Interest Coverage of 15.92 is 305% above median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 9.93. The Beverages - Alcoholic industry median Interest Coverage is 8.56. Nigerian Breweries' value of 15.92 is 86% above this industry median. Based on the distribution chart, Nigerian Breweries ranks #84 out of 157 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Nigerian Breweries has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' Interest Coverage compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #84 out of 157 companies for Interest Coverage. This places Nigerian Breweries in the lower half of its industry. The industry median Interest Coverage is 8.56. Nigerian Breweries' value of 15.92 is 86% above this benchmark. Historically, Nigerian Breweries' own Interest Coverage has ranged from 0.69 to 9.93 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 8.56, Nigerian Breweries 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 Beverages - Alcoholic company?
The median Interest Coverage among Beverages - Alcoholic companies is 8.56, based on 157 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. Nigerian Breweries's current Interest Coverage of 15.92 is 86% 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 Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Interest Coverage is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Interest Coverage is 15.92, which is 305% above median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Breweries stock overvalued right now?
Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦42.81, compared to a current price of ₦70.00 — trading 63.5% above its estimated fair value. The current Interest Coverage is 15.92, which is 305% above median its 10-year median of 3.93 and 86% above the Beverages - Alcoholic industry median of 8.56. Nigerian Breweries' overall GF Score™ is 77/100 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 Nigerian Breweries (NSA:NB), the current Interest Coverage is 15.92 as of Jun. 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 Nigerian Breweries (NSA:NB) Overvalued in 2026?
Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued.
The current stock price of ₦70.00 is trading 63.5% above its estimated GF Value™ of ₦42.81.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Interest Coverage: 15.92 (305% above median its 10-year median of 3.93)
GF Value™: ₦42.81 vs. price of ₦70.00 (63.5% above fair value)
Industry Position: 86% above the Beverages - Alcoholic median (#84 of 157)
No single metric tells the full story. See the NSA:NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
77GF Score
Get the complete analysis for NSA:NB
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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