SINGY (Singapore Airlines) Interest Coverage: 10.19 (As of Mar. 2026) — 39% Above Median

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Director of Data and Quant Analytics at GuruFocus
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SINGY Singapore Airlines Ltd SINGY
69 GF Score
Price $10.16
GF Value $21.54
Valuation Possible Value Trap
! 5 Warning Signs
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What is Singapore Airlines Interest Coverage?

Singapore Airlines SINGY -1.74% 69 Interest Coverage is 10.19 as of Mar. 2026, which is 39% above its 10-year median of 7.34. GuruFocus rates SINGY with a GF Score™ of 69/100 and a GF Value™ of $21.54 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 856 Transportation companies, Singapore Airlines ranks worse than 116822.31% 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. Singapore Airlines's Operating Income for the six months ended in Mar. 2026 was $1,222 Mil. Singapore Airlines's Interest Expense for the six months ended in Mar. 2026 was $0 Mil. Singapore Airlines's interest coverage for the quarter that ended in Mar. 2026 was 10.19. The higher the ratio, the stronger the company's financial strength is.

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


SINGY's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.635
* Ranked among companies with meaningful Interest Coverage only.

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


Singapore Airlines  (OTCPK:SINGY) 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 .


Singapore Airlines Interest Coverage Related Terms


Singapore Airlines Interest Coverage Historical Data

* Premium members only.

The historical data trend for Singapore Airlines'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.

Singapore Airlines Interest Coverage Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.93 5.40 4.43 6.80

Singapore Airlines Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 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 Premium Member Only Premium Member Only 5.04 3.73 5.14 4.91 10.19

SINGY vs DAL, UAL, LUV: Interest Coverage Comparison

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Interest Coverage distribution charts can be found below:

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


SINGY
69GF Score
Singapore Airlines Ltd SINGY
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Singapore Airlines 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.

Singapore Airlines'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, Singapore Airlines's Interest Expense was $-248 Mil. Its Operating Income was $1,764 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,426 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1763.5220223729/-248.046
=7.11

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

Here, for the six months ended in Mar. 2026, Singapore Airlines's Interest Expense was $0 Mil. Its Operating Income was $1,222 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,426 Mil.

GuruFocus does not calculate Singapore Airlines's interest coverage with the available 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.

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 10.19 mean?
Singapore Airlines (SINGY) has a Interest Coverage of 10.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Singapore Airlines and its competitors. This is 39% above median its historical median of 7.34. Over the past decade, Singapore Airlines' Interest Coverage has ranged from 3.77 to 18.04. According to the industry distribution chart, Singapore Airlines ranks #999999 out of 856 companies in the Transportation industry.
Is Singapore Airlines' Interest Coverage too high?
Singapore Airlines' current Interest Coverage of 10.19 is 39% above median its 10-year median of 7.34. Over the past 10 years, this metric has ranged from a low of 3.77 to a high of 18.04. The Transportation industry median Interest Coverage is 5.64. Singapore Airlines' value of 10.19 is 80.8% above this industry median. Based on the distribution chart, Singapore Airlines ranks #999999 out of 856 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Singapore Airlines has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Interest Coverage compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #999999 out of 856 companies for Interest Coverage. This places Singapore Airlines in the lower half of its industry. The industry median Interest Coverage is 5.64. Singapore Airlines' value of 10.19 is 80.8% above this benchmark. Historically, Singapore Airlines' own Interest Coverage has ranged from 3.77 to 18.04 over the past decade. While the company's 10-year median is 7.34 vs. the industry median of 5.64, Singapore Airlines 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 Transportation company?
The median Interest Coverage among Transportation companies is 5.64, based on 856 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. Singapore Airlines's current Interest Coverage of 10.19 is 80.8% 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 Singapore Airlines and its competitors. For the Transportation industry, the median Interest Coverage is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Interest Coverage is 10.19, which is 39% above median its own 10-year median of 7.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGY) is currently considered Possible Value Trap. The stock's GF Value™ is $21.54, compared to a current price of $10.16 — trading 52.8% below its estimated fair value. The current Interest Coverage is 10.19, which is 39% above median its 10-year median of 7.34 and 80.8% above the Transportation industry median of 5.64. Singapore Airlines' overall GF Score™ is 69/100 with 5 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 Singapore Airlines (SINGY), the current Interest Coverage is 10.19 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 Singapore Airlines (SINGY) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Airlines stock appears to be undervalued. The current stock price of $10.16 is trading 52.8% below its estimated GF Value™ of $21.54. GuruFocus considers Singapore Airlines to be Possible Value Trap.

Key valuation signals for SINGY:

  • Interest Coverage: 10.19 (39% above median its 10-year median of 7.34)
  • GF Value™: $21.54 vs. price of $10.16 (52.8% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 80.8% above the Transportation median (#999999 of 856)

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


Singapore Airlines Business Description

Address 25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
69GF Score

Get the complete analysis for SINGY

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

$10.16
Price
$21.54
GF Value