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. Offshore Oil Engineering Co's
Operating Income
for the
three
months ended in Mar. 2026 was ¥454 Mil. Offshore Oil Engineering Co's Interest Expense for the
three
months ended in Mar. 2026 was ¥-5 Mil.
Offshore Oil Engineering Co's interest coverage for the quarter that ended in Mar. 2026 was 85.22.
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. Offshore Oil Engineering Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Offshore Oil Engineering Co's Interest Coverage or its related term are showing as below:
SHSE:600583'
s Interest Coverage Range Over the Past 10 Years
Min: 11.96 Med: 105.47 Max: 716.26
Current: 97.74
SHSE:600583's Interest Coverage is ranked better than 85.07% of 730
companies
in the Oil & Gas industry
Industry Median: 5.89
vs SHSE:600583: 97.74
Offshore Oil Engineering Co (SHSE:600583) 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 .
Offshore Oil Engineering Co Interest Coverage Related Terms
Offshore Oil Engineering Co Interest Coverage Historical Data
* 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.
Offshore Oil Engineering Co Interest Coverage Chart
SHSE:600583 vs SLB, BKR, HAL: Interest Coverage Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering Co'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.
Offshore Oil Engineering Co Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Interest Coverage falls into.
Offshore Oil Engineering Co 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.
Offshore Oil Engineering Co (SHSE:600583) has a Interest Coverage of 85.22 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Offshore Oil Engineering Co and its competitors. This is 19% below median its historical median of 105.47. Over the past decade, Offshore Oil Engineering Co's Interest Coverage has ranged from 11.96 to 716.26. According to the industry distribution chart, Offshore Oil Engineering Co ranks #109 out of 730 companies in the Oil & Gas industry, placing it in the top 14.9%.
Is Offshore Oil Engineering Co's Interest Coverage too high?
Offshore Oil Engineering Co's current Interest Coverage of 85.22 is 19% below median its 10-year median of 105.47. Over the past 10 years, this metric has ranged from a low of 11.96 to a high of 716.26. The Oil & Gas industry median Interest Coverage is 5.89. Offshore Oil Engineering Co's value of 85.22 is 1346.9% above this industry median. Based on the distribution chart, Offshore Oil Engineering Co ranks #109 out of 730 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Offshore Oil Engineering Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Offshore Oil Engineering Co ranks #109 out of 730 companies for Interest Coverage. This places Offshore Oil Engineering Co in the top 15% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.89. Offshore Oil Engineering Co's value of 85.22 is 1346.9% above this benchmark. Historically, Offshore Oil Engineering Co's own Interest Coverage has ranged from 11.96 to 716.26 over the past decade. While the company's 10-year median is 105.47 vs. the industry median of 5.89, Offshore Oil Engineering Co 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 730 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. Offshore Oil Engineering Co's current Interest Coverage of 85.22 is 1346.9% 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 Offshore Oil Engineering Co and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current Interest Coverage is 85.22, which is 19% below median its own 10-year median of 105.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.57, compared to a current price of ¥5.19 — trading 6.8% below its estimated fair value. The current Interest Coverage is 85.22, which is 19% below median its 10-year median of 105.47 and 1346.9% above the Oil & Gas industry median of 5.89. Offshore Oil Engineering Co's overall GF Score™ is 86/100 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 Offshore Oil Engineering Co (SHSE:600583), the current Interest Coverage is 85.22 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be undervalued.
The current stock price of ¥5.19 is trading 6.8% below its estimated GF Value™ of ¥5.57.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Interest Coverage: 85.22 (19% below median its 10-year median of 105.47)
GF Value™: ¥5.57 vs. price of ¥5.19 (6.8% below fair value)
Industry Position: 1346.9% above the Oil & Gas median (#109 of 730)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
86GF Score
Get the complete analysis for SHSE:600583
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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