North Energy ASA (OSTO:NORTHO) Interest Coverage: 3.67 (As of Mar. 2026) — 80% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:NORTHO North Energy ASA OSTO:NORTHO
58 GF Score
Price kr2.60
GF Value kr8.13
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is North Energy ASA Interest Coverage?

North Energy ASA OSTO:NORTHO 58 Interest Coverage is 3.67 as of Mar. 2026, which is 80% below its 10-year median of 18.18. GuruFocus rates OSTO:NORTHO with a GF Score™ of 58/100 and a GF Value™ of kr8.13 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 483 Asset Management companies, North Energy ASA ranks worse than 207039.13% 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. North Energy ASA's Operating Income for the three months ended in Mar. 2026 was kr3.92 Mil. North Energy ASA's Interest Expense for the three months ended in Mar. 2026 was kr-1.07 Mil. North Energy ASA's interest coverage for the quarter that ended in Mar. 2026 was 3.67. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for North Energy ASA's Interest Coverage or its related term are showing as below:


OSTO:NORTHO's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 45.22
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


North Energy ASA  (OSTO:NORTHO) 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 .


North Energy ASA Interest Coverage Related Terms


North Energy ASA Interest Coverage Historical Data

* Premium members only.

The historical data trend for North Energy ASA'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.

North Energy ASA Interest Coverage Chart

North Energy ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 13.95 0.00

North Energy ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.93 0.00 0.00 3.67

OSTO:NORTHO vs BLK, BX, KKR: Interest Coverage Comparison

For the Asset Management subindustry, North Energy ASA'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.


North Energy ASA Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North Energy ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where North Energy ASA's Interest Coverage falls into.


OSTO:NORTHO
58GF Score
North Energy ASA OSTO:NORTHO
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Energy ASA 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

North Energy ASA's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, North Energy ASA's Interest Expense was kr-3.32 Mil. Its Operating Income was kr-42.72 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.42 Mil.

North Energy ASA did not have earnings to cover the interest expense.

North Energy ASA's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, North Energy ASA's Interest Expense was kr-1.07 Mil. Its Operating Income was kr3.92 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3.922/-1.068
=3.67

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 3.67 mean?
North Energy ASA (OSTO:NORTHO) has a Interest Coverage of 3.67 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on North Energy ASA and its competitors. This is 80% below median its historical median of 18.18. According to the industry distribution chart, North Energy ASA ranks #999999 out of 483 companies in the Asset Management industry.
Is North Energy ASA's Interest Coverage too high?
North Energy ASA's current Interest Coverage of 3.67 is 80% below median its 10-year median of 18.18. The Asset Management industry median Interest Coverage is 45.22. North Energy ASA's value of 3.67 is 91.9% below this industry median. Based on the distribution chart, North Energy ASA ranks #999999 out of 483 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, North Energy ASA has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North Energy ASA's Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, North Energy ASA ranks #999999 out of 483 companies for Interest Coverage. This places North Energy ASA in the lower half of its industry. The industry median Interest Coverage is 45.22. North Energy ASA's value of 3.67 is 91.9% below this benchmark. While the company's 10-year median is 18.18 vs. the industry median of 45.22, North Energy ASA 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 Asset Management company?
The median Interest Coverage among Asset Management companies is 45.22, based on 483 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. North Energy ASA's current Interest Coverage of 3.67 is 91.9% 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 North Energy ASA and its competitors. For the Asset Management industry, the median Interest Coverage is 45.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Energy ASA's current Interest Coverage is 3.67, which is 80% below median its own 10-year median of 18.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, North Energy ASA (OSTO:NORTHO) is currently considered Possible Value Trap. The stock's GF Value™ is kr8.13, compared to a current price of kr2.60 — trading 68% below its estimated fair value. The current Interest Coverage is 3.67, which is 80% below median its 10-year median of 18.18 and 91.9% below the Asset Management industry median of 45.22. North Energy ASA's overall GF Score™ is 58/100 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 North Energy ASA (OSTO:NORTHO), the current Interest Coverage is 3.67 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 North Energy ASA (OSTO:NORTHO) Overvalued in 2026?

Based on GuruFocus' analysis, North Energy ASA stock appears to be undervalued. The current stock price of kr2.60 is trading 68% below its estimated GF Value™ of kr8.13. GuruFocus considers North Energy ASA to be Possible Value Trap.

Key valuation signals for OSTO:NORTHO:

  • Interest Coverage: 3.67 (80% below median its 10-year median of 18.18)
  • GF Value™: kr8.13 vs. price of kr2.60 (68% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 91.9% below the Asset Management median (#999999 of 483)

No single metric tells the full story. See the OSTO:NORTHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Energy ASA Business Description

Address Tjuvholmen alle 19, Oslo, NOR, 0252
North Energy ASA is an industrial holding company with a portfolio of independent investments, both listed and unlisted. The Group reports only one business segment, the investment activities. The Company evaluates companies both within the traditional energy industry, as well as emerging sectors such as renewable energy production and related activities.
58GF Score

Get the complete analysis for OSTO:NORTHO

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr2.60
Price
kr8.13
GF Value