Nordic Group (SGX:MR7) Interest Coverage: 22.34 (As of Dec. 2025) — 126% Above Median


SGX:MR7 Nordic Group Ltd SGX:MR7
68 GF Score
Price S$0.53
GF Value S$0.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Nordic Group Interest Coverage?

Nordic Group SGX:MR7 -3.64% 68 Interest Coverage is 22.34 as of Dec. 2025, which is 126% above its 10-year median of 9.88. GuruFocus rates SGX:MR7 with a GF Score™ of 68/100 and a GF Value™ of S$0.36 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,359 Construction companies, Nordic Group ranks better than 64.83% 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. Nordic Group's Operating Income for the six months ended in Dec. 2025 was S$12.9 Mil. Nordic Group's Interest Expense for the six months ended in Dec. 2025 was S$-0.6 Mil. Nordic Group's interest coverage for the quarter that ended in Dec. 2025 was 22.34. The higher the ratio, the stronger the company's financial strength is.

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

SGX:MR7' s Interest Coverage Range Over the Past 10 Years
Min: 5.42   Med: 9.88   Max: 25.58
Current: 16.18


SGX:MR7's Interest Coverage is ranked better than
64.83% of 1359 companies
in the Construction industry
Industry Median: 7.81 vs SGX:MR7: 16.18

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


Nordic Group  (SGX:MR7) 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 .


Nordic Group Interest Coverage Related Terms


Nordic Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Nordic Group'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.

Nordic Group Interest Coverage Chart

Nordic Group 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 25.58 11.62 5.49 5.42 16.20

Nordic Group 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 3.52 5.08 5.81 12.42 22.34

SGX:MR7 vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Nordic Group'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.


Nordic Group Interest Coverage vs Construction Industry

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

* The bar in red indicates where Nordic Group's Interest Coverage falls into.


SGX:MR7
68GF Score
Nordic Group Ltd SGX:MR7
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordic Group 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.

Nordic Group'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, Nordic Group's Interest Expense was S$-1.5 Mil. Its Operating Income was S$24.6 Mil. And its Long-Term Debt & Capital Lease Obligation was S$8.7 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*24.635/-1.521
=16.20

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

Here, for the six months ended in Dec. 2025, Nordic Group's Interest Expense was S$-0.6 Mil. Its Operating Income was S$12.9 Mil. And its Long-Term Debt & Capital Lease Obligation was S$8.7 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*12.865/-0.576
=22.34

* 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 22.34 mean?
Nordic Group (SGX:MR7) has a Interest Coverage of 22.34 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nordic Group and its competitors. This is 126% above median its historical median of 9.88. Over the past decade, Nordic Group's Interest Coverage has ranged from 5.42 to 25.58. According to the industry distribution chart, Nordic Group ranks #478 out of 1359 companies in the Construction industry, placing it in the top 35.2%.
Is Nordic Group's Interest Coverage too high?
Nordic Group's current Interest Coverage of 22.34 is 126% above median its 10-year median of 9.88. Over the past 10 years, this metric has ranged from a low of 5.42 to a high of 25.58. The Construction industry median Interest Coverage is 7.81. Nordic Group's value of 22.34 is 186% above this industry median. Based on the distribution chart, Nordic Group ranks #478 out of 1359 companies in the Construction industry, which is above the industry midpoint. Overall, Nordic Group has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic Group's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Nordic Group ranks #478 out of 1359 companies for Interest Coverage. This puts Nordic Group in the upper half of its industry. The industry median Interest Coverage is 7.81. Nordic Group's value of 22.34 is 186% above this benchmark. Historically, Nordic Group's own Interest Coverage has ranged from 5.42 to 25.58 over the past decade. While the company's 10-year median is 9.88 vs. the industry median of 7.81, Nordic Group 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 1,359 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. Nordic Group's current Interest Coverage of 22.34 is 186% 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 Nordic Group 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. Nordic Group's current Interest Coverage is 22.34, which is 126% above median its own 10-year median of 9.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Group stock overvalued right now?
Based on GuruFocus' analysis, Nordic Group (SGX:MR7) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.36, compared to a current price of S$0.53 — trading 47.2% above its estimated fair value. The current Interest Coverage is 22.34, which is 126% above median its 10-year median of 9.88 and 186% above the Construction industry median of 7.81. Nordic Group's overall GF Score™ is 68/100 with 1 warning sign 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 Nordic Group (SGX:MR7), the current Interest Coverage is 22.34 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.

Is Nordic Group (SGX:MR7) Overvalued in 2026?

Based on GuruFocus' analysis, Nordic Group stock appears to be overvalued. The current stock price of S$0.53 is trading 47.2% above its estimated GF Value™ of S$0.36. GuruFocus considers Nordic Group to be Significantly Overvalued.

Key valuation signals for SGX:MR7:

  • Interest Coverage: 22.34 (126% above median its 10-year median of 9.88)
  • GF Value™: S$0.36 vs. price of S$0.53 (47.2% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 186% above the Construction median (#478 of 1359)

No single metric tells the full story. See the SGX:MR7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nordic Group Business Description

Address 2 Tuas Avenue 10, Singapore, SGP, 639126
Nordic Group Ltd is an investment holding company. Its operating business segments include i) Project Services: It includes projects that requires engineering, design, fabrication, procurement, construction, machining, scaffolding works, insulation services and passive fireproofing services, ii) Maintenance Services: It includes maintenance and repair services, including trading and supply of material, spare parts and components, and iii) Others. The majority of the company's revenue is derived from the Project Services segment. Geographically, the maximum revenue is generated from Singapore, and the rest from China, Malaysia, the Middle East and the United States.
68GF Score

Get the complete analysis for SGX:MR7

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

S$0.53
Price
S$0.36
GF Value