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.
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.
HG Metal ManufacturingSGX:BTG 44 Interest Coverage is 38.83 as of Mar. 2026, which is 771% above its 10-year median of 4.46. GuruFocus rates SGX:BTG with a GF Score™ of 44/100 and a GF Value™ of S$0.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 459 Steel companies, HG Metal Manufacturing ranks better than 79.52% 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. HG Metal Manufacturing's
Operating Income
for the
six
months ended in Mar. 2026 was S$7.3 Mil. HG Metal Manufacturing's Interest Expense for the
six
months ended in Mar. 2026 was S$-0.2 Mil.
HG Metal Manufacturing's interest coverage for the quarter that ended in Mar. 2026 was 38.83.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for HG Metal Manufacturing's Interest Coverage or its related term are showing as below:
SGX:BTG'
s Interest Coverage Range Over the Past 10 Years
Min: 0.39 Med: 4.46 Max: 26.78
Current: 26.78
SGX:BTG's Interest Coverage is ranked better than 79.52% of 459
companies
in the Steel industry
Industry Median: 4.41
vs SGX:BTG: 26.78
HG Metal Manufacturing (SGX:BTG) 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 .
HG Metal Manufacturing Interest Coverage Related Terms
HG Metal Manufacturing Interest Coverage Historical Data
* Premium members only.
The historical data trend for HG Metal Manufacturing'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.
SGX:BTG vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, HG Metal Manufacturing'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.
HG Metal Manufacturing Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, HG Metal Manufacturing's Interest Coverage distribution charts can be found below:
* The bar in red indicates where HG Metal Manufacturing's Interest Coverage falls into.
HG Metal Manufacturing 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:
* 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.
HG Metal Manufacturing (SGX:BTG) has a Interest Coverage of 38.83 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HG Metal Manufacturing and its competitors. This is 771% above median its historical median of 4.46. Over the past decade, HG Metal Manufacturing's Interest Coverage has ranged from 0.39 to 26.78. According to the industry distribution chart, HG Metal Manufacturing ranks #94 out of 459 companies in the Steel industry, placing it in the top 20.5%.
Is HG Metal Manufacturing's Interest Coverage too high?
HG Metal Manufacturing's current Interest Coverage of 38.83 is 771% above median its 10-year median of 4.46. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 26.78. The Steel industry median Interest Coverage is 4.41. HG Metal Manufacturing's value of 38.83 is 780.5% above this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #94 out of 459 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, HG Metal Manufacturing has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #94 out of 459 companies for Interest Coverage. This places HG Metal Manufacturing in the top 21% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.41. HG Metal Manufacturing's value of 38.83 is 780.5% above this benchmark. Historically, HG Metal Manufacturing's own Interest Coverage has ranged from 0.39 to 26.78 over the past decade. While the company's 10-year median is 4.46 vs. the industry median of 4.41, HG Metal Manufacturing 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 Steel company?
The median Interest Coverage among Steel companies is 4.41, based on 459 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. HG Metal Manufacturing's current Interest Coverage of 38.83 is 780.5% 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 HG Metal Manufacturing and its competitors. For the Steel industry, the median Interest Coverage is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HG Metal Manufacturing's current Interest Coverage is 38.83, which is 771% above median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.17, compared to a current price of S$0.49 — trading 188.2% above its estimated fair value. The current Interest Coverage is 38.83, which is 771% above median its 10-year median of 4.46 and 780.5% above the Steel industry median of 4.41. HG Metal Manufacturing's overall GF Score™ is 44/100 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 HG Metal Manufacturing (SGX:BTG), the current Interest Coverage is 38.83 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?
Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued.
The current stock price of S$0.49 is trading 188.2% above its estimated GF Value™ of S$0.17.
GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.
Key valuation signals for SGX:BTG:
Interest Coverage: 38.83 (771% above median its 10-year median of 4.46)
GF Value™: S$0.17 vs. price of S$0.49 (188.2% above fair value)
Industry Position: 780.5% above the Steel median (#94 of 459)
No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
44GF Score
Get the complete analysis for SGX:BTG
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:BTG has been successfully added to your 
