Progen Holdings (SGX:583) Interest Coverage: 14.06 (As of Dec. 2025) — 522% Above Median


What is Progen Holdings Interest Coverage?

Progen Holdings SGX:583 +4.00% Interest Coverage is 14.06 as of Dec. 2025, which is 522% above its 10-year median of 2.26. The stock has 2 warning signs investors should review. Among 1,351 Construction companies, Progen Holdings ranks worse than 74019.17% 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. Progen Holdings's Operating Income for the six months ended in Dec. 2025 was S$0.45 Mil. Progen Holdings's Interest Expense for the six months ended in Dec. 2025 was S$-0.03 Mil. Progen Holdings's interest coverage for the quarter that ended in Dec. 2025 was 14.06. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Progen Holdings's Interest Coverage or its related term are showing as below:


SGX:583's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.81
* 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.


Progen Holdings  (SGX:583) 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 .


Progen Holdings Interest Coverage Related Terms


Progen Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Progen Holdings'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.

Progen Holdings Interest Coverage Chart

Progen Holdings 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 2.26 0.00 0.00 0.00

Progen Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 12.44 0.00 14.06

SGX:583 vs TT, JCI, CARR: Interest Coverage Comparison

For the Building Products & Equipment subindustry, Progen Holdings'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.


Progen Holdings Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Progen Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Progen Holdings's Interest Coverage falls into.



Progen Holdings 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.

Progen Holdings'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, Progen Holdings's Interest Expense was S$-0.06 Mil. Its Operating Income was S$-0.32 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1.73 Mil.

Progen Holdings did not have earnings to cover the interest expense.

Progen Holdings's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Progen Holdings's Interest Expense was S$-0.03 Mil. Its Operating Income was S$0.45 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1.73 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*0.45/-0.032
=14.06

* 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 14.06 mean?
Progen Holdings (SGX:583) has a Interest Coverage of 14.06 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Progen Holdings and its competitors. This is 522% above median its historical median of 2.26. According to the industry distribution chart, Progen Holdings ranks #999999 out of 1351 companies in the Construction industry.
Is Progen Holdings' Interest Coverage too high?
Progen Holdings' current Interest Coverage of 14.06 is 522% above median its 10-year median of 2.26. The Construction industry median Interest Coverage is 7.81. Progen Holdings' value of 14.06 is 80% above this industry median. Based on the distribution chart, Progen Holdings ranks #999999 out of 1351 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Progen Holdings' Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, Progen Holdings ranks #999999 out of 1351 companies for Interest Coverage. This places Progen Holdings in the lower half of its industry. The industry median Interest Coverage is 7.81. Progen Holdings' value of 14.06 is 80% above this benchmark. While the company's 10-year median is 2.26 vs. the industry median of 7.81, Progen Holdings 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 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. Progen Holdings's current Interest Coverage of 14.06 is 80% 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 Progen Holdings and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progen Holdings's current Interest Coverage is 14.06, which is 522% above median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progen Holdings stock overvalued right now?
Based on GuruFocus' analysis, Progen Holdings (SGX:583) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.04, compared to a current price of S$0.03 — trading 35% below its estimated fair value. The current Interest Coverage is 14.06, which is 522% above median its 10-year median of 2.26 and 80% above the Construction industry median of 7.81. 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 Progen Holdings (SGX:583), the current Interest Coverage is 14.06 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.

Progen Holdings Business Description

Address 28 Riverside Road, No. 04-01 Progen Building, Singapore, SGP, 739085
Progen Holdings Ltd is a Singapore-based investment holding company. Along with its subsidiaries, it is principally engaged in the business of design, supply, installation, and maintenance of air conditioners, cooling, and mechanical ventilation systems. The group's reportable segments are Products and installation, Servicing and maintenance, Rental, Property development, and Others. Majority of its revenue is generated from the Products and installation segment, which relates to the contracting of engineering works, cooling towers, air-conditioning, and mechanical ventilation systems. Geographically, it operates substantially in Singapore.