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. Cognor Holding's
Operating Income
for the
three
months ended in Mar. 2026 was zł-12 Mil. Cognor Holding's Interest Expense for the
three
months ended in Mar. 2026 was zł-19 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Cognor Holding's Interest Coverage or its related term are showing as below:
WAR:COG's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.445 * Ranked among companies with meaningful Interest Coverage only.
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 .
Cognor Holding Interest Coverage Related Terms
Cognor Holding Interest Coverage Historical Data
* Premium members only.
The historical data trend for Cognor Holding'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.
WAR:COG vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Cognor Holding'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.
Cognor Holding Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Cognor Holding'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:
Cognor Holding did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
Cognor Holding (WAR:COG) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cognor Holding and its competitors. According to the industry distribution chart, Cognor Holding ranks #999999 out of 458 companies in the Steel industry.
Is Cognor Holding's Interest Coverage too high?
Cognor Holding's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Cognor Holding ranks #999999 out of 458 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Cognor Holding has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cognor Holding's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Cognor Holding ranks #999999 out of 458 companies for Interest Coverage. This places Cognor Holding in the lower half of its industry. The industry median Interest Coverage is 4.45. 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 458 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. 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 Cognor Holding and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognor Holding's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognor Holding stock overvalued right now?
Based on GuruFocus' analysis, Cognor Holding (WAR:COG) is currently considered Fairly Valued. The stock's GF Value™ is zł5.62, compared to a current price of zł5.90 — trading 5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Cognor Holding's overall GF Score™ is 68/100 with 6 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 Cognor Holding (WAR:COG), the current Interest Coverage is 0 (At Loss) 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 Cognor Holding (WAR:COG) Overvalued in 2026?
Based on GuruFocus' analysis, Cognor Holding stock appears to be overvalued.
The current stock price of zł5.90 is trading 5% above its estimated GF Value™ of zł5.62.
GuruFocus considers Cognor Holding to be Fairly Valued.
Key valuation signals for WAR:COG:
Interest Coverage: 0 (At Loss)
GF Value™: zł5.62 vs. price of zł5.90 (5% above fair value)
No single metric tells the full story. See the WAR:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries.
68GF Score
Get the complete analysis for WAR:COG
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