Medinex (SGX:OTX) Interest Coverage: 98.73 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SGX:OTX Medinex Ltd SGX:OTX
58 GF Score
Price S$0.22
GF Value S$0.20
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Medinex Interest Coverage?

Medinex SGX:OTX 58 Interest Coverage is 98.73 as of Mar. 2026, which is 1% above its 10-year median of 97.58. GuruFocus rates SGX:OTX with a GF Score™ of 58/100 and a GF Value™ of S$0.20 (Fairly Valued). The stock has 7 warning signs investors should review. Among 450 Healthcare Providers & Services companies, Medinex ranks better than 84.67% 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. Medinex's Operating Income for the six months ended in Mar. 2026 was S$2.17 Mil. Medinex's Interest Expense for the six months ended in Mar. 2026 was S$-0.02 Mil. Medinex's interest coverage for the quarter that ended in Mar. 2026 was 98.73. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Medinex Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

SGX:OTX' s Interest Coverage Range Over the Past 10 Years
Min: 41.03   Med: 97.58   Max: No Debt
Current: 100.95


SGX:OTX's Interest Coverage is ranked better than
84.67% of 450 companies
in the Healthcare Providers & Services industry
Industry Median: 7.93 vs SGX:OTX: 100.95

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


Medinex  (SGX:OTX) 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 .


Medinex Interest Coverage Related Terms


Medinex Interest Coverage Historical Data

* Premium members only.

The historical data trend for Medinex'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.

Medinex Interest Coverage Chart

Medinex Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.03 56.99 69.00 92.91 102.24

Medinex Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 62.22 86.35 96.17 103.53 98.73

SGX:OTX vs HCA, THC, DVA: Interest Coverage Comparison

For the Medical Care Facilities subindustry, Medinex'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.


Medinex Interest Coverage vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Medinex's Interest Coverage distribution charts can be found below:

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


SGX:OTX
58GF Score
Medinex Ltd SGX:OTX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medinex 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.

Medinex's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Medinex's Interest Expense was S$-0.04 Mil. Its Operating Income was S$4.19 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.49 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*4.192/-0.041
=102.24

Medinex's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Medinex's Interest Expense was S$-0.02 Mil. Its Operating Income was S$2.17 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.49 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*2.172/-0.022
=98.73

* 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 98.73 mean?
Medinex (SGX:OTX) has a Interest Coverage of 98.73 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Medinex and its competitors. This is near median its historical median of 97.58. Over the past decade, Medinex's Interest Coverage has ranged from 41.03 to 10,000.00. According to the industry distribution chart, Medinex ranks #69 out of 450 companies in the Healthcare Providers & Services industry, placing it in the top 15.3%.
Is Medinex's Interest Coverage too high?
Medinex's current Interest Coverage of 98.73 is near median its 10-year median of 97.58. Over the past 10 years, this metric has ranged from a low of 41.03 to a high of 10,000.00. The Healthcare Providers & Services industry median Interest Coverage is 7.93. Medinex's value of 98.73 is 1145% above this industry median. Based on the distribution chart, Medinex ranks #69 out of 450 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Medinex has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medinex's Interest Coverage compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Medinex ranks #69 out of 450 companies for Interest Coverage. This places Medinex in the top 15% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.93. Medinex's value of 98.73 is 1145% above this benchmark. Historically, Medinex's own Interest Coverage has ranged from 41.03 to 10,000.00 over the past decade. While the company's 10-year median is 97.58 vs. the industry median of 7.93, Medinex 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 Healthcare Providers & Services company?
The median Interest Coverage among Healthcare Providers & Services companies is 7.93, based on 450 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. Medinex's current Interest Coverage of 98.73 is 1145% 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 Medinex and its competitors. For the Healthcare Providers & Services industry, the median Interest Coverage is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medinex's current Interest Coverage is 98.73, which is near median its own 10-year median of 97.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medinex stock overvalued right now?
Based on GuruFocus' analysis, Medinex (SGX:OTX) is currently considered Fairly Valued. The stock's GF Value™ is S$0.20, compared to a current price of S$0.22 — trading 10% above its estimated fair value. The current Interest Coverage is 98.73, which is near median its 10-year median of 97.58 and 1145% above the Healthcare Providers & Services industry median of 7.93. Medinex's overall GF Score™ is 58/100 with 7 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 Medinex (SGX:OTX), the current Interest Coverage is 98.73 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 Medinex (SGX:OTX) Overvalued in 2026?

Based on GuruFocus' analysis, Medinex stock appears to be overvalued. The current stock price of S$0.22 is trading 10% above its estimated GF Value™ of S$0.20. GuruFocus considers Medinex to be Fairly Valued.

Key valuation signals for SGX:OTX:

  • Interest Coverage: 98.73 (near median its 10-year median of 97.58)
  • GF Value™: S$0.20 vs. price of S$0.22 (10% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 1145% above the Healthcare Providers & Services median (#69 of 450)

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


Medinex Business Description

Address 111 North Bridge Road, No. 23-04, Peninsula Plaza, Singapore, SGP, 179098
Medinex Ltd is an investment holding company. The company has four business segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. The company generates maximum revenue from the Business Support Services segment. The Business support services business segment provides professional services to customer base who are outside from healthcare industry.
58GF Score

Get the complete analysis for SGX:OTX

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

S$0.22
Price
S$0.20
GF Value