MainfreightNZSE:MFT +1.22%96 Interest Coverage is 66.01 as of Mar. 2026, which is 36% above its 10-year median of 48.68. GuruFocus rates NZSE:MFT with a GF Score™ of 96/100 and a GF Value™ of NZ$70.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 838 Transportation companies, Mainfreight ranks better than 87.71% 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. Mainfreight's
Operating Income
for the
six
months ended in Mar. 2026 was NZ$250 Mil. Mainfreight's Interest Expense for the
six
months ended in Mar. 2026 was NZ$-4 Mil.
Mainfreight's interest coverage for the quarter that ended in Mar. 2026 was 66.01.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mainfreight's Interest Coverage or its related term are showing as below:
NZSE:MFT'
s Interest Coverage Range Over the Past 10 Years
Min: 19.93 Med: 48.68 Max: 96.09
Current: 49.75
NZSE:MFT's Interest Coverage is ranked better than 87.71% of 838
companies
in the Transportation industry
Industry Median: 5.72
vs NZSE:MFT: 49.75
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 .
Mainfreight Interest Coverage Related Terms
Mainfreight Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mainfreight'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.
NZSE:MFT vs UPS, FDX, JBHT: Interest Coverage Comparison
For the Integrated Freight & Logistics subindustry, Mainfreight'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.
Mainfreight Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Mainfreight's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mainfreight'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.
Mainfreight (NZSE:MFT) has a Interest Coverage of 66.01 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mainfreight and its competitors. This is 36% above median its historical median of 48.68. Over the past decade, Mainfreight's Interest Coverage has ranged from 19.93 to 96.09. According to the industry distribution chart, Mainfreight ranks #103 out of 838 companies in the Transportation industry, placing it in the top 12.3%.
Is Mainfreight's Interest Coverage too high?
Mainfreight's current Interest Coverage of 66.01 is 36% above median its 10-year median of 48.68. Over the past 10 years, this metric has ranged from a low of 19.93 to a high of 96.09. The Transportation industry median Interest Coverage is 5.72. Mainfreight's value of 66.01 is 1054% above this industry median. Based on the distribution chart, Mainfreight ranks #103 out of 838 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Mainfreight has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainfreight's Interest Coverage compare to UPS and FDX?
According to the Transportation industry distribution chart, Mainfreight ranks #103 out of 838 companies for Interest Coverage. This places Mainfreight in the top 12% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.72. Mainfreight's value of 66.01 is 1054% above this benchmark. Historically, Mainfreight's own Interest Coverage has ranged from 19.93 to 96.09 over the past decade. While the company's 10-year median is 48.68 vs. the industry median of 5.72, Mainfreight 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 Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 838 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. Mainfreight's current Interest Coverage of 66.01 is 1054% 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 Mainfreight and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainfreight's current Interest Coverage is 66.01, which is 36% above median its own 10-year median of 48.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainfreight stock overvalued right now?
Based on GuruFocus' analysis, Mainfreight (NZSE:MFT) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$70.80, compared to a current price of NZ$62.05 — trading 12.4% below its estimated fair value. The current Interest Coverage is 66.01, which is 36% above median its 10-year median of 48.68 and 1054% above the Transportation industry median of 5.72. Mainfreight's overall GF Score™ is 96/100 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 Mainfreight (NZSE:MFT), the current Interest Coverage is 66.01 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 Mainfreight (NZSE:MFT) Overvalued in 2026?
Based on GuruFocus' analysis, Mainfreight stock appears to be undervalued.
The current stock price of NZ$62.05 is trading 12.4% below its estimated GF Value™ of NZ$70.80.
GuruFocus considers Mainfreight to be Modestly Undervalued.
Key valuation signals for NZSE:MFT:
Interest Coverage: 66.01 (36% above median its 10-year median of 48.68)
GF Value™: NZ$70.80 vs. price of NZ$62.05 (12.4% below fair value)
Industry Position: 1054% above the Transportation median (#103 of 838)
No single metric tells the full story. See the NZSE:MFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and others.
96GF Score
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