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Fortress MineralsSGX:OAJ -6.00%55 Interest Coverage is 17.40 as of May. 2026, which is 26% below its 10-year median of 23.37. GuruFocus rates SGX:OAJ with a GF Score™ of 55/100 and a GF Value™ of S$0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 460 Steel companies, Fortress Minerals ranks better than 76.74% 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. Fortress Minerals's
Operating Income
for the
three
months ended in May. 2026 was S$6.40 Mil. Fortress Minerals's Interest Expense for the
three
months ended in May. 2026 was S$-0.37 Mil.
Fortress Minerals's interest coverage for the quarter that ended in May. 2026 was 17.40.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Fortress Minerals's Interest Coverage or its related term are showing as below:
SGX:OAJ'
s Interest Coverage Range Over the Past 10 Years
Min: 15.72 Med: 23.37 Max: 1025.22
Current: 20.32
SGX:OAJ's Interest Coverage is ranked better than 76.74% of 460
companies
in the Steel industry
Industry Median: 4.53
vs SGX:OAJ: 20.32
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 .
Fortress Minerals Interest Coverage Related Terms
Fortress Minerals Interest Coverage Historical Data
* Premium members only.
The historical data trend for Fortress Minerals'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:OAJ vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Fortress Minerals'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.
Fortress Minerals Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Fortress Minerals'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:
* 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.
Fortress Minerals (SGX:OAJ) has a Interest Coverage of 17.40 as of May. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fortress Minerals and its competitors. This is 26% below median its historical median of 23.37. Over the past decade, Fortress Minerals' Interest Coverage has ranged from 15.72 to 1,025.22. According to the industry distribution chart, Fortress Minerals ranks #107 out of 460 companies in the Steel industry, placing it in the top 23.3%.
Is Fortress Minerals' Interest Coverage too high?
Fortress Minerals' current Interest Coverage of 17.40 is 26% below median its 10-year median of 23.37. Over the past 10 years, this metric has ranged from a low of 15.72 to a high of 1,025.22. The Steel industry median Interest Coverage is 4.53. Fortress Minerals' value of 17.40 is 284.1% above this industry median. Based on the distribution chart, Fortress Minerals ranks #107 out of 460 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Fortress Minerals has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #107 out of 460 companies for Interest Coverage. This places Fortress Minerals in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.53. Fortress Minerals' value of 17.40 is 284.1% above this benchmark. Historically, Fortress Minerals' own Interest Coverage has ranged from 15.72 to 1,025.22 over the past decade. While the company's 10-year median is 23.37 vs. the industry median of 4.53, Fortress Minerals 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 4.53, based on 460 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. Fortress Minerals's current Interest Coverage of 17.40 is 284.1% 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 Fortress Minerals and its competitors. For the Steel industry, the median Interest Coverage is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current Interest Coverage is 17.40, which is 26% below median its own 10-year median of 23.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.24 — trading 28.8% below its estimated fair value. The current Interest Coverage is 17.40, which is 26% below median its 10-year median of 23.37 and 284.1% above the Steel industry median of 4.53. Fortress Minerals' overall GF Score™ is 55/100 with 4 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 Fortress Minerals (SGX:OAJ), the current Interest Coverage is 17.40 as of May. 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 Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be undervalued.
The current stock price of S$0.24 is trading 28.8% below its estimated GF Value™ of S$0.33.
GuruFocus considers Fortress Minerals to be Modestly Undervalued.
Key valuation signals for SGX:OAJ:
Interest Coverage: 17.40 (26% below median its 10-year median of 23.37)
GF Value™: S$0.33 vs. price of S$0.24 (28.8% below fair value)
Industry Position: 284.1% above the Steel median (#107 of 460)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
55GF Score
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