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. Swan Defence and Heavy Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-2,679 Mil. Swan Defence and Heavy Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-48 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 Swan Defence and Heavy Industries's Interest Coverage or its related term are showing as below:
NSE:SWANDEF's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 8.69 * Ranked among companies with meaningful Interest Coverage only.
Swan Defence and Heavy Industries (NSE:SWANDEF) 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 .
Swan Defence and Heavy Industries Interest Coverage Related Terms
Swan Defence and Heavy Industries Interest Coverage Historical 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.
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.
Swan Defence and Heavy Industries Interest Coverage Chart
NSE:SWANDEF vs GE, RTX, BA: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Swan Defence and Heavy 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.
Swan Defence and Heavy Industries Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Swan Defence and Heavy Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Swan Defence and Heavy Industries's Interest Coverage falls into.
Swan Defence and Heavy Industries 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:
Swan Defence and Heavy 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?
Swan Defence and Heavy Industries (NSE:SWANDEF) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Swan Defence and Heavy Industries and its competitors. According to the industry distribution chart, Swan Defence and Heavy Industries ranks #999999 out of 241 companies in the Aerospace & Defense industry.
Is Swan Defence and Heavy Industries' Interest Coverage too high?
Swan Defence and Heavy Industries' current Interest Coverage is 0 (At Loss). Based on the distribution chart, Swan Defence and Heavy Industries ranks #999999 out of 241 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Swan Defence and Heavy Industries has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Swan Defence and Heavy Industries' Interest Coverage compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Swan Defence and Heavy Industries ranks #999999 out of 241 companies for Interest Coverage. This places Swan Defence and Heavy Industries in the lower half of its industry. The industry median Interest Coverage is 8.69. 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 Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 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 Swan Defence and Heavy Industries and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swan Defence and Heavy 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 Swan Defence and Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Swan Defence and Heavy Industries (NSE:SWANDEF) is currently considered Possible Value Trap. The stock's GF Value™ is ₹11,933.34, compared to a current price of ₹2,215.60 — trading 81.4% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Swan Defence and Heavy Industries' overall GF Score™ is 31/100 with 5 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 Swan Defence and Heavy Industries (NSE:SWANDEF), the current Interest Coverage is 0 (At Loss) 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 Swan Defence and Heavy Industries (NSE:SWANDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Swan Defence and Heavy Industries stock appears to be undervalued.
The current stock price of ₹2,215.60 is trading 81.4% below its estimated GF Value™ of ₹11,933.34.
GuruFocus considers Swan Defence and Heavy Industries to be Possible Value Trap.
Key valuation signals for NSE:SWANDEF:
Interest Coverage: 0 (At Loss)
GF Value™: ₹11,933.34 vs. price of ₹2,215.60 (81.4% below fair value)
No single metric tells the full story. See the NSE:SWANDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swan Defence and Heavy Industries Business Description
Swan Defence and Heavy Industries Ltd is mainly engaged in the construction of vessels, repairs, and refits of ships and rigs, and heavy engineering. The company has developed an integrated shipbuilding, ship and rig repair and conversion, ship production, offshore construction, and heavy engineering facility in Gujarat. The company has a large shipbuilding/repair infrastructure in India including the Dry Dock.
31GF Score
Get the complete analysis for NSE:SWANDEF
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