Dolphin Drilling ASOSL:DDRIL -2.41%61 Interest Coverage is 0.28 as of Mar. 2026, which is 94% below its 10-year median of 4.85. GuruFocus rates OSL:DDRIL with a GF Score™ of 61/100 and a GF Value™ of kr4.07 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 728 Oil & Gas companies, Dolphin Drilling AS ranks worse than 137362.5% 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. Dolphin Drilling AS's
Operating Income
for the
three
months ended in Mar. 2026 was kr18 Mil. Dolphin Drilling AS's Interest Expense for the
three
months ended in Mar. 2026 was kr-65 Mil.
Dolphin Drilling AS's interest coverage for the quarter that ended in Mar. 2026 was 0.28.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Dolphin Drilling AS's Interest Coverage or its related term are showing as below:
OSL:DDRIL's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.84 * Ranked among companies with meaningful Interest Coverage only.
Dolphin Drilling AS (OSL:DDRIL) 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 .
Dolphin Drilling AS Interest Coverage Related Terms
Dolphin Drilling AS Interest Coverage Historical Data
* Premium members only.
The historical data trend for Dolphin Drilling AS'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.
OSL:DDRIL vs NE, RIG, VAL: Interest Coverage Comparison
For the Oil & Gas Drilling subindustry, Dolphin Drilling AS'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.
Dolphin Drilling AS Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dolphin Drilling AS's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Dolphin Drilling AS'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.
Dolphin Drilling AS (OSL:DDRIL) has a Interest Coverage of 0.28 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dolphin Drilling AS and its competitors. This is 94% below median its historical median of 4.85. According to the industry distribution chart, Dolphin Drilling AS ranks #999999 out of 728 companies in the Oil & Gas industry.
Is Dolphin Drilling AS's Interest Coverage too high?
Dolphin Drilling AS's current Interest Coverage of 0.28 is 94% below median its 10-year median of 4.85. The Oil & Gas industry median Interest Coverage is 5.84. Dolphin Drilling AS's value of 0.28 is 95.2% below this industry median. Based on the distribution chart, Dolphin Drilling AS ranks #999999 out of 728 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Dolphin Drilling AS has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dolphin Drilling AS's Interest Coverage compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Dolphin Drilling AS ranks #999999 out of 728 companies for Interest Coverage. This places Dolphin Drilling AS in the lower half of its industry. The industry median Interest Coverage is 5.84. Dolphin Drilling AS's value of 0.28 is 95.2% below this benchmark. While the company's 10-year median is 4.85 vs. the industry median of 5.84, Dolphin Drilling AS 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.84, based on 728 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. Dolphin Drilling AS's current Interest Coverage of 0.28 is 95.2% 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 Dolphin Drilling AS and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolphin Drilling AS's current Interest Coverage is 0.28, which is 94% below median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolphin Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, Dolphin Drilling AS (OSL:DDRIL) is currently considered Possible Value Trap. The stock's GF Value™ is kr4.07, compared to a current price of kr2.43 — trading 40.3% below its estimated fair value. The current Interest Coverage is 0.28, which is 94% below median its 10-year median of 4.85 and 95.2% below the Oil & Gas industry median of 5.84. Dolphin Drilling AS's overall GF Score™ is 61/100 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 Dolphin Drilling AS (OSL:DDRIL), the current Interest Coverage is 0.28 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 Dolphin Drilling AS (OSL:DDRIL) Overvalued in 2026?
Based on GuruFocus' analysis, Dolphin Drilling AS stock appears to be undervalued.
The current stock price of kr2.43 is trading 40.3% below its estimated GF Value™ of kr4.07.
GuruFocus considers Dolphin Drilling AS to be Possible Value Trap.
Key valuation signals for OSL:DDRIL:
Interest Coverage: 0.28 (94% below median its 10-year median of 4.85)
GF Value™: kr4.07 vs. price of kr2.43 (40.3% below fair value)
Industry Position: 95.2% below the Oil & Gas median (#999999 of 728)
No single metric tells the full story. See the OSL:DDRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dolphin Drilling AS is organised into one segment; drilling services to the offshore oil and gas offshore industry. The company has presence in United Kingdom, India, Nigeria, Norway, and Others. The company generates majority of revenue from India.
61GF Score
Get the complete analysis for OSL:DDRIL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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