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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. Mermaid Maritime PCL's
Operating Income
for the
three
months ended in Jun. 2026 was S$-7.4 Mil. Mermaid Maritime PCL's Interest Expense for the
three
months ended in Jun. 2026 was S$-2.3 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Mermaid Maritime PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Mermaid Maritime PCL's Interest Coverage or its related term are showing as below:
SGX:DU4'
s Interest Coverage Range Over the Past 10 Years
Min: 0.01 Med: 1.16 Max: 2.07
Current: 0.98
SGX:DU4's Interest Coverage is ranked worse than 92.07% of 744
companies
in the Oil & Gas industry
Industry Median: 6.305
vs SGX:DU4: 0.98
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 .
Mermaid Maritime PCL Interest Coverage Related Terms
Mermaid Maritime PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL'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:DU4 vs SLB, BKR, FTI: Interest Coverage Comparison
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL'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:
Mermaid Maritime PCL did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
Mermaid Maritime PCL (SGX:DU4) has a Interest Coverage of 0 (At Loss) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mermaid Maritime PCL and its competitors. Over the past decade, Mermaid Maritime PCL's Interest Coverage has ranged from 0.01 to 2.07. According to the industry distribution chart, Mermaid Maritime PCL ranks #685 out of 744 companies in the Oil & Gas industry, placing it in the top 92.1%.
Is Mermaid Maritime PCL's Interest Coverage too high?
Mermaid Maritime PCL's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.07. Based on the distribution chart, Mermaid Maritime PCL ranks #685 out of 744 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #685 out of 744 companies for Interest Coverage. This places Mermaid Maritime PCL in the lower half of its industry. The industry median Interest Coverage is 6.31. Historically, Mermaid Maritime PCL's own Interest Coverage has ranged from 0.01 to 2.07 over the past decade. 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 6.31, based on 744 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. 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (SGX:DU4) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.10 — trading 13.3% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Mermaid Maritime PCL's overall GF Score™ is 47/100 with 8 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 Mermaid Maritime PCL (SGX:DU4), the current Interest Coverage is 0 (At Loss) as of Jun. 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 Mermaid Maritime PCL (SGX:DU4) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of S$0.10 is trading 13.3% above its estimated GF Value™ of S$0.09.
GuruFocus considers Mermaid Maritime PCL to be Modestly Overvalued.
Key valuation signals for SGX:DU4:
Interest Coverage: 0 (At Loss)
GF Value™: S$0.09 vs. price of S$0.10 (13.3% above fair value)
No single metric tells the full story. See the SGX:DU4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score
Get the complete analysis for SGX:DU4
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