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GFL EnvironmentalTSX:GFL -0.47%69 Interest Coverage is 0.24 as of Mar. 2026, which is 47% below its 10-year median of 0.45. GuruFocus rates TSX:GFL with a GF Score™ of 69/100 and a GF Value™ of C$59.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 161 Waste Management companies, GFL Environmental ranks worse than 95.65% 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. GFL Environmental's
Operating Income
for the
three
months ended in Mar. 2026 was C$34 Mil. GFL Environmental's Interest Expense for the
three
months ended in Mar. 2026 was C$-140 Mil.
GFL Environmental's interest coverage for the quarter that ended in Mar. 2026 was 0.24.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for GFL Environmental's Interest Coverage or its related term are showing as below:
TSX:GFL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.09 Med: 0.45 Max: 0.81
Current: 0.81
TSX:GFL's Interest Coverage is ranked worse than 95.65% of 161
companies
in the Waste Management industry
Industry Median: 5.87
vs TSX:GFL: 0.81
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 .
GFL Environmental Interest Coverage Related Terms
GFL Environmental Interest Coverage Historical Data
* Premium members only.
The historical data trend for GFL Environmental'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.
TSX:GFL vs CLH, CWST, ONT: Interest Coverage Comparison
For the Waste Management subindustry, GFL Environmental'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.
GFL Environmental Interest Coverage vs Waste Management Industry
For the Waste Management industry and Industrials sector, GFL Environmental's Interest Coverage distribution charts can be found below:
* The bar in red indicates where GFL Environmental'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.
GFL Environmental (TSX:GFL) has a Interest Coverage of 0.24 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on GFL Environmental and its competitors. This is 47% below median its historical median of 0.45. Over the past decade, GFL Environmental's Interest Coverage has ranged from 0.09 to 0.81. According to the industry distribution chart, GFL Environmental ranks #154 out of 161 companies in the Waste Management industry, placing it in the top 95.7%.
Is GFL Environmental's Interest Coverage too high?
GFL Environmental's current Interest Coverage of 0.24 is 47% below median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.81. The Waste Management industry median Interest Coverage is 5.87. GFL Environmental's value of 0.24 is 95.9% below this industry median. Based on the distribution chart, GFL Environmental ranks #154 out of 161 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, GFL Environmental has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFL Environmental's Interest Coverage compare to CLH and CWST?
According to the Waste Management industry distribution chart, GFL Environmental ranks #154 out of 161 companies for Interest Coverage. This places GFL Environmental in the lower half of its industry. The industry median Interest Coverage is 5.87. GFL Environmental's value of 0.24 is 95.9% below this benchmark. Historically, GFL Environmental's own Interest Coverage has ranged from 0.09 to 0.81 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 5.87, GFL Environmental 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 Waste Management company?
The median Interest Coverage among Waste Management companies is 5.87, based on 161 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. GFL Environmental's current Interest Coverage of 0.24 is 95.9% 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 GFL Environmental and its competitors. For the Waste Management industry, the median Interest Coverage is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFL Environmental's current Interest Coverage is 0.24, which is 47% below median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFL Environmental stock overvalued right now?
Based on GuruFocus' analysis, GFL Environmental (TSX:GFL) is currently considered Fairly Valued. The stock's GF Value™ is C$59.35, compared to a current price of C$55.40 — trading 6.7% below its estimated fair value. The current Interest Coverage is 0.24, which is 47% below median its 10-year median of 0.45 and 95.9% below the Waste Management industry median of 5.87. GFL Environmental's overall GF Score™ is 69/100 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 GFL Environmental (TSX:GFL), the current Interest Coverage is 0.24 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 GFL Environmental (TSX:GFL) Overvalued in 2026?
Based on GuruFocus' analysis, GFL Environmental stock appears to be undervalued.
The current stock price of C$55.40 is trading 6.7% below its estimated GF Value™ of C$59.35.
GuruFocus considers GFL Environmental to be Fairly Valued.
Key valuation signals for TSX:GFL:
Interest Coverage: 0.24 (47% below median its 10-year median of 0.45)
GF Value™: C$59.35 vs. price of C$55.40 (6.7% below fair value)
Industry Position: 95.9% below the Waste Management median (#154 of 161)
No single metric tells the full story. See the TSX:GFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. The company's geographical segments are Canada and the United States. The company derives the majority of its revenue from the United States.
69GF Score
Get the complete analysis for TSX:GFL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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