TELNF (Telenor ASA) Interest Coverage: 5.52 (As of Mar. 2026) — 28% Below Median


TELNF Telenor ASA TELNF
58 GF Score
Price $16.11
GF Value $14.32
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Telenor ASA Interest Coverage?

Telenor ASA TELNF 58 Interest Coverage is 5.52 as of Mar. 2026, which is 28% below its 10-year median of 7.72. GuruFocus rates TELNF with a GF Score™ of 58/100 and a GF Value™ of $14.32 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 286 Telecommunication Services companies, Telenor ASA ranks better than 55.24% 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. Telenor ASA's Operating Income for the three months ended in Mar. 2026 was $426 Mil. Telenor ASA's Interest Expense for the three months ended in Mar. 2026 was $-77 Mil. Telenor ASA's interest coverage for the quarter that ended in Mar. 2026 was 5.52. The higher the ratio, the stronger the company's financial strength is.

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

TELNF' s Interest Coverage Range Over the Past 10 Years
Min: 4.51   Med: 7.72   Max: 11.35
Current: 5.52


TELNF's Interest Coverage is ranked better than
55.24% of 286 companies
in the Telecommunication Services industry
Industry Median: 4.715 vs TELNF: 5.52

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


Telenor ASA  (OTCPK:TELNF) 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 .


Telenor ASA Interest Coverage Related Terms


Telenor ASA Interest Coverage Historical Data

* Premium members only.

The historical data trend for Telenor ASA'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.

Telenor ASA Interest Coverage Chart

Telenor ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.81 9.09 5.29 4.51 5.44

Telenor ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 4.86 5.00 6.45 5.26 5.52

TELNF vs TMUS, VZ, T: Interest Coverage Comparison

For the Telecom Services subindustry, Telenor ASA'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.


Telenor ASA Interest Coverage vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telenor ASA's Interest Coverage distribution charts can be found below:

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


TELNF
58GF Score
Telenor ASA TELNF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telenor ASA 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.

Telenor ASA's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Telenor ASA's Interest Expense was $-330 Mil. Its Operating Income was $1,796 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,357 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1795.902/-329.973
=5.44

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

Here, for the three months ended in Mar. 2026, Telenor ASA's Interest Expense was $-77 Mil. Its Operating Income was $426 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,485 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*426.045/-77.237
=5.52

* 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 5.52 mean?
Telenor ASA (TELNF) has a Interest Coverage of 5.52 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Telenor ASA and its competitors. This is 28% below median its historical median of 7.72. Over the past decade, Telenor ASA's Interest Coverage has ranged from 4.51 to 11.35. According to the industry distribution chart, Telenor ASA ranks #128 out of 286 companies in the Telecommunication Services industry, placing it in the top 44.8%.
Is Telenor ASA's Interest Coverage too high?
Telenor ASA's current Interest Coverage of 5.52 is 28% below median its 10-year median of 7.72. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 11.35. The Telecommunication Services industry median Interest Coverage is 4.72. Telenor ASA's value of 5.52 is 17.1% above this industry median. Based on the distribution chart, Telenor ASA ranks #128 out of 286 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telenor ASA has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telenor ASA's Interest Coverage compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telenor ASA ranks #128 out of 286 companies for Interest Coverage. This puts Telenor ASA in the upper half of its industry. The industry median Interest Coverage is 4.72. Telenor ASA's value of 5.52 is 17.1% above this benchmark. Historically, Telenor ASA's own Interest Coverage has ranged from 4.51 to 11.35 over the past decade. While the company's 10-year median is 7.72 vs. the industry median of 4.72, Telenor ASA 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 Telecommunication Services company?
The median Interest Coverage among Telecommunication Services companies is 4.72, based on 286 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. Telenor ASA's current Interest Coverage of 5.52 is 17.1% 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 Telenor ASA and its competitors. For the Telecommunication Services industry, the median Interest Coverage is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telenor ASA's current Interest Coverage is 5.52, which is 28% below median its own 10-year median of 7.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telenor ASA stock overvalued right now?
Based on GuruFocus' analysis, Telenor ASA (TELNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.32, compared to a current price of $16.11 — trading 12.5% above its estimated fair value. The current Interest Coverage is 5.52, which is 28% below median its 10-year median of 7.72 and 17.1% above the Telecommunication Services industry median of 4.72. Telenor ASA's overall GF Score™ is 58/100 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 Telenor ASA (TELNF), the current Interest Coverage is 5.52 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 Telenor ASA (TELNF) Overvalued in 2026?

Based on GuruFocus' analysis, Telenor ASA stock appears to be overvalued. The current stock price of $16.11 is trading 12.5% above its estimated GF Value™ of $14.32. GuruFocus considers Telenor ASA to be Modestly Overvalued.

Key valuation signals for TELNF:

  • Interest Coverage: 5.52 (28% below median its 10-year median of 7.72)
  • GF Value™: $14.32 vs. price of $16.11 (12.5% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 17.1% above the Telecommunication Services median (#128 of 286)

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


Telenor ASA Business Description

Address Snaroyveien 30, Fornebu, NOR, N-1360
Telenor is an international provider of telecommunications services. It is the incumbent dominant telecom operator in Norway, and the Norwegian government holds a stake of more than 50% in the firm. Telenor also operates in other Nordic countries like Sweden, Denmark, and Finland, and owns several businesses in Asia. Most of Telenor's operations are mobile businesses, although it also has some fixed-line operations in Nordic European countries.
58GF Score

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

$16.11
Price
$14.32
GF Value