Martinrea InternationalTSX:MRE +2.04%84 Interest Coverage is 4.46 as of Mar. 2026, which is 3% above its 10-year median of 4.32. GuruFocus rates TSX:MRE with a GF Score™ of 84/100 and a GF Value™ of C$10.75 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,067 Vehicles & Parts companies, Martinrea International ranks worse than 64.01% 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. Martinrea International's
Operating Income
for the
three
months ended in Mar. 2026 was C$62 Mil. Martinrea International's Interest Expense for the
three
months ended in Mar. 2026 was C$-14 Mil.
Martinrea International's interest coverage for the quarter that ended in Mar. 2026 was 4.46.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Martinrea International's Interest Coverage or its related term are showing as below:
TSX:MRE'
s Interest Coverage Range Over the Past 10 Years
Min: 2.11 Med: 4.32 Max: 10.42
Current: 4.39
TSX:MRE's Interest Coverage is ranked worse than 64.01% of 1067
companies
in the Vehicles & Parts industry
Industry Median: 8.31
vs TSX:MRE: 4.39
Martinrea International (TSX:MRE) 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 .
Martinrea International Interest Coverage Related Terms
Martinrea International Interest Coverage Historical Data
* Premium members only.
The historical data trend for Martinrea International'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:MRE vs ORLY, AZO, GPC: Interest Coverage Comparison
For the Auto Parts subindustry, Martinrea International'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.
Martinrea International Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Martinrea International's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Martinrea International's Interest Coverage falls into.
Martinrea International 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.
Martinrea International (TSX:MRE) has a Interest Coverage of 4.46 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Martinrea International and its competitors. This is near median its historical median of 4.32. Over the past decade, Martinrea International's Interest Coverage has ranged from 2.11 to 10.42. According to the industry distribution chart, Martinrea International ranks #683 out of 1067 companies in the Vehicles & Parts industry, placing it in the top 64%.
Is Martinrea International's Interest Coverage too high?
Martinrea International's current Interest Coverage of 4.46 is near median its 10-year median of 4.32. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 10.42. The Vehicles & Parts industry median Interest Coverage is 8.31. Martinrea International's value of 4.46 is 46.3% below this industry median. Based on the distribution chart, Martinrea International ranks #683 out of 1067 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Martinrea International has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Martinrea International's Interest Coverage compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Martinrea International ranks #683 out of 1067 companies for Interest Coverage. This places Martinrea International in the lower half of its industry. The industry median Interest Coverage is 8.31. Martinrea International's value of 4.46 is 46.3% below this benchmark. Historically, Martinrea International's own Interest Coverage has ranged from 2.11 to 10.42 over the past decade. While the company's 10-year median is 4.32 vs. the industry median of 8.31, Martinrea International 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 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. Martinrea International's current Interest Coverage of 4.46 is 46.3% 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 Martinrea International and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martinrea International's current Interest Coverage is 4.46, which is near median its own 10-year median of 4.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martinrea International stock overvalued right now?
Based on GuruFocus' analysis, Martinrea International (TSX:MRE) is currently considered Fairly Valued. The stock's GF Value™ is C$10.75, compared to a current price of C$10.01 — trading 6.9% below its estimated fair value. The current Interest Coverage is 4.46, which is near median its 10-year median of 4.32 and 46.3% below the Vehicles & Parts industry median of 8.31. Martinrea International's overall GF Score™ is 84/100 with 2 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 Martinrea International (TSX:MRE), the current Interest Coverage is 4.46 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 Martinrea International (TSX:MRE) Overvalued in 2026?
Based on GuruFocus' analysis, Martinrea International stock appears to be undervalued.
The current stock price of C$10.01 is trading 6.9% below its estimated GF Value™ of C$10.75.
GuruFocus considers Martinrea International to be Fairly Valued.
Key valuation signals for TSX:MRE:
Interest Coverage: 4.46 (near median its 10-year median of 4.32)
GF Value™: C$10.75 vs. price of C$10.01 (6.9% below fair value)
Industry Position: 46.3% below the Vehicles & Parts median (#683 of 1067)
No single metric tells the full story. See the TSX:MRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martinrea International Inc is a diversified and world-wide automotive supplier engaged in the design, development and manufacturing of engineered, value-added Lightweight Structures and Propulsion Systems. Its products are used in the automotive sector by the majority of vehicle manufacturers. The Company's offerings include products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The company also provides metal forming and welding solutions. The company operates in Canada, USA, Europe, and Other Countries.
84GF Score
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