Pan American SilverTSX:PAAS +1.09%81 Interest Coverage is 23.33 as of Mar. 2026, which is 13% above its 10-year median of 20.69. GuruFocus rates TSX:PAAS with a GF Score™ of 81/100 and a GF Value™ of C$45.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,319 Metals & Mining companies, Pan American Silver ranks worse than 73.46% 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. Pan American Silver's
Operating Income
for the
three
months ended in Mar. 2026 was C$768 Mil. Pan American Silver's Interest Expense for the
three
months ended in Mar. 2026 was C$-33 Mil.
Pan American Silver's interest coverage for the quarter that ended in Mar. 2026 was 23.33.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Pan American Silver's Interest Coverage or its related term are showing as below:
TSX:PAAS'
s Interest Coverage Range Over the Past 10 Years
Min: 1.61 Med: 20.69 Max: 76.96
Current: 22.17
TSX:PAAS's Interest Coverage is ranked worse than 73.46% of 1319
companies
in the Metals & Mining industry
Industry Median: No Debt
vs TSX:PAAS: 22.17
Pan American Silver (TSX:PAAS) 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 .
Pan American Silver Interest Coverage Related Terms
Pan American Silver Interest Coverage Historical Data
* Premium members only.
The historical data trend for Pan American Silver'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:PAAS vs NEM, AU, CDE: Interest Coverage Comparison
For the Gold subindustry, Pan American Silver'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.
Pan American Silver Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Pan American Silver'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.
Pan American Silver (TSX:PAAS) has a Interest Coverage of 23.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Pan American Silver and its competitors. This is 13% above median its historical median of 20.69. Over the past decade, Pan American Silver's Interest Coverage has ranged from 1.61 to 76.96. According to the industry distribution chart, Pan American Silver ranks #969 out of 1319 companies in the Metals & Mining industry, placing it in the top 73.5%.
Is Pan American Silver's Interest Coverage too high?
Pan American Silver's current Interest Coverage of 23.33 is 13% above median its 10-year median of 20.69. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 76.96. The Metals & Mining industry median Interest Coverage is 10,000.00. Pan American Silver's value of 23.33 is 99.8% below this industry median. Based on the distribution chart, Pan American Silver ranks #969 out of 1319 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Pan American Silver has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Interest Coverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #969 out of 1319 companies for Interest Coverage. This places Pan American Silver in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Pan American Silver's value of 23.33 is 99.8% below this benchmark. Historically, Pan American Silver's own Interest Coverage has ranged from 1.61 to 76.96 over the past decade. While the company's 10-year median is 20.69 vs. the industry median of 10,000.00, Pan American Silver 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 Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,319 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. Pan American Silver's current Interest Coverage of 23.33 is 99.8% 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 Pan American Silver and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Interest Coverage is 23.33, which is 13% above median its own 10-year median of 20.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan American Silver stock overvalued right now?
Based on GuruFocus' analysis, Pan American Silver (TSX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$45.90, compared to a current price of C$63.84 — trading 39.1% above its estimated fair value. The current Interest Coverage is 23.33, which is 13% above median its 10-year median of 20.69 and 99.8% below the Metals & Mining industry median of 10,000.00. Pan American Silver's overall GF Score™ is 81/100 with 3 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 Pan American Silver (TSX:PAAS), the current Interest Coverage is 23.33 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 Pan American Silver (TSX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of C$63.84 is trading 39.1% above its estimated GF Value™ of C$45.90.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for TSX:PAAS:
Interest Coverage: 23.33 (13% above median its 10-year median of 20.69)
GF Value™: C$45.90 vs. price of C$63.84 (39.1% above fair value)
Industry Position: 99.8% below the Metals & Mining median (#969 of 1319)
No single metric tells the full story. See the TSX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
81GF Score
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