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. Steel Partners Holdings LP's
Operating Income
for the
three
months ended in Sep. 2025 was $92 Mil. Steel Partners Holdings LP's Interest Expense for the
three
months ended in Sep. 2025 was $-22 Mil.
Steel Partners Holdings LP's interest coverage for the quarter that ended in Sep. 2025 was 4.19.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Steel Partners Holdings LP's Interest Coverage or its related term are showing as below:
SPLP'
s Interest Coverage Range Over the Past 10 Years
Min: 2.08 Med: 3.33 Max: 7.24
Current: 4.09
SPLP's Interest Coverage is not ranked
in the Conglomerates industry.
Industry Median: 5.29
vs SPLP: 4.09
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 .
Steel Partners Holdings LP Interest Coverage Related Terms
Steel Partners Holdings LP 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.
SPLP vs MATW, DLX, FIP: Interest Coverage Comparison
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP Interest Coverage vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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.
Steel Partners Holdings LP (SPLP) has a Interest Coverage of 4.19 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Steel Partners Holdings LP and its competitors. This is 26% above median its historical median of 3.33. Over the past decade, Steel Partners Holdings LP's Interest Coverage has ranged from 2.08 to 7.24.
Is Steel Partners Holdings LP's Interest Coverage too high?
Steel Partners Holdings LP's current Interest Coverage of 4.19 is 26% above median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 7.24. The Conglomerates industry median Interest Coverage is 5.29. Steel Partners Holdings LP's value of 4.19 is 20.8% below this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's Interest Coverage compare to MATW and DLX?
Steel Partners Holdings LP's Interest Coverage of 4.19 can be compared against companies in the Conglomerates industry. The industry median Interest Coverage is 5.29. Steel Partners Holdings LP's value of 4.19 is 20.8% below this benchmark. Historically, Steel Partners Holdings LP's own Interest Coverage has ranged from 2.08 to 7.24 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 5.29, Steel Partners Holdings LP has consistently been below 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.29, based on 427 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. Steel Partners Holdings LP's current Interest Coverage of 4.19 is 20.8% below 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 Steel Partners Holdings LP and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current Interest Coverage is 4.19, which is 26% above median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current Interest Coverage of 4.19. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current Interest Coverage is 4.19, which is 26% above median its 10-year median of 3.33 and 20.8% below the Conglomerates industry median of 5.29. Steel Partners Holdings LP's overall GF Score™ is 66/100 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 Steel Partners Holdings LP (SPLP), the current Interest Coverage is 4.19 as of Sep. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
Interest Coverage: 4.19 (26% above median its 10-year median of 3.33)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 20.8% below the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score
Get the complete analysis for SPLP
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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