NZXNZSE:NZX +2.76%92 Interest Coverage is 8.57 as of Dec. 2025, which is 16% below its 10-year median of 10.22. GuruFocus rates NZSE:NZX with a GF Score™ of 92/100 and a GF Value™ of NZ$1.55 (Fairly Valued). The stock has 3 warning signs investors should review. Among 429 Capital Markets companies, NZX ranks worse than 61.31% 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. NZX's
Operating Income
for the
six
months ended in Dec. 2025 was NZ$16.8 Mil. NZX's Interest Expense for the
six
months ended in Dec. 2025 was NZ$-2.0 Mil.
NZX's interest coverage for the quarter that ended in Dec. 2025 was 8.57.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for NZX's Interest Coverage or its related term are showing as below:
NZSE:NZX'
s Interest Coverage Range Over the Past 10 Years
Min: 4.49 Med: 10.22 Max: 16.55
Current: 7.77
NZSE:NZX's Interest Coverage is ranked worse than 61.31% of 429
companies
in the Capital Markets industry
Industry Median: 19.63
vs NZSE:NZX: 7.77
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 .
NZX Interest Coverage Related Terms
NZX Interest Coverage Historical Data
* Premium members only.
The historical data trend for NZX'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:NZX vs SPGI, CME, MCO: Interest Coverage Comparison
For the Financial Data & Stock Exchanges subindustry, NZX'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.
NZX Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, NZX's Interest Coverage distribution charts can be found below:
* The bar in red indicates where NZX'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.
NZX (NZSE:NZX) has a Interest Coverage of 8.57 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on NZX and its competitors. This is 16% below median its historical median of 10.22. Over the past decade, NZX's Interest Coverage has ranged from 4.49 to 16.55. According to the industry distribution chart, NZX ranks #263 out of 429 companies in the Capital Markets industry, placing it in the top 61.3%.
Is NZX's Interest Coverage too high?
NZX's current Interest Coverage of 8.57 is 16% below median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 4.49 to a high of 16.55. The Capital Markets industry median Interest Coverage is 19.63. NZX's value of 8.57 is 56.3% below this industry median. Based on the distribution chart, NZX ranks #263 out of 429 companies in the Capital Markets industry, which is below the industry midpoint. Overall, NZX has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NZX's Interest Coverage compare to SPGI and CME?
According to the Capital Markets industry distribution chart, NZX ranks #263 out of 429 companies for Interest Coverage. This places NZX in the lower half of its industry. The industry median Interest Coverage is 19.63. NZX's value of 8.57 is 56.3% below this benchmark. Historically, NZX's own Interest Coverage has ranged from 4.49 to 16.55 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 19.63, NZX 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.63, based on 429 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. NZX's current Interest Coverage of 8.57 is 56.3% 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 NZX and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NZX's current Interest Coverage is 8.57, which is 16% below median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSE:NZX) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.55, compared to a current price of NZ$1.49 — trading 3.9% below its estimated fair value. The current Interest Coverage is 8.57, which is 16% below median its 10-year median of 10.22 and 56.3% below the Capital Markets industry median of 19.63. NZX's overall GF Score™ is 92/100 with 3 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 NZX (NZSE:NZX), the current Interest Coverage is 8.57 as of Dec. 2025. 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 NZX (NZSE:NZX) Overvalued in 2026?
Based on GuruFocus' analysis, NZX stock appears to be undervalued.
The current stock price of NZ$1.49 is trading 3.9% below its estimated GF Value™ of NZ$1.55.
GuruFocus considers NZX to be Fairly Valued.
Key valuation signals for NZSE:NZX:
Interest Coverage: 8.57 (16% below median its 10-year median of 10.22)
GF Value™: NZ$1.55 vs. price of NZ$1.49 (3.9% below fair value)
Industry Position: 56.3% below the Capital Markets median (#263 of 429)
No single metric tells the full story. See the NZSE:NZX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
92GF Score
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