Kernel HoldingWAR:KER -1.13%63 Interest Coverage is 6.02 as of Mar. 2026, which is 48% above its 10-year median of 4.06. GuruFocus rates WAR:KER with a GF Score™ of 63/100 and a GF Value™ of zł13.28 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 254 Retail - Defensive companies, Kernel Holding ranks worse than 64.96% 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. Kernel Holding's
Operating Income
for the
three
months ended in Mar. 2026 was zł459 Mil. Kernel Holding's Interest Expense for the
three
months ended in Mar. 2026 was zł-76 Mil.
Kernel Holding's interest coverage for the quarter that ended in Mar. 2026 was 6.02.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Kernel Holding's Interest Coverage or its related term are showing as below:
WAR:KER'
s Interest Coverage Range Over the Past 10 Years
Min: 2.34 Med: 4.06 Max: 5.37
Current: 5.18
WAR:KER's Interest Coverage is ranked worse than 64.96% of 254
companies
in the Retail - Defensive industry
Industry Median: 8.795
vs WAR:KER: 5.18
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 .
Kernel Holding Interest Coverage Related Terms
Kernel Holding Interest Coverage Historical Data
* Premium members only.
The historical data trend for Kernel 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:KER vs SYY, USFD, PFGC: Interest Coverage Comparison
For the Food Distribution subindustry, Kernel 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.
Kernel Holding Interest Coverage vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Kernel 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:
* 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.
Kernel Holding (WAR:KER) has a Interest Coverage of 6.02 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kernel Holding and its competitors. This is 48% above median its historical median of 4.06. Over the past decade, Kernel Holding's Interest Coverage has ranged from 2.34 to 5.37. According to the industry distribution chart, Kernel Holding ranks #165 out of 254 companies in the Retail - Defensive industry, placing it in the top 65%.
Is Kernel Holding's Interest Coverage too high?
Kernel Holding's current Interest Coverage of 6.02 is 48% above median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 5.37. The Retail - Defensive industry median Interest Coverage is 8.80. Kernel Holding's value of 6.02 is 31.6% below this industry median. Based on the distribution chart, Kernel Holding ranks #165 out of 254 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Kernel Holding has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's Interest Coverage compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #165 out of 254 companies for Interest Coverage. This places Kernel Holding in the lower half of its industry. The industry median Interest Coverage is 8.80. Kernel Holding's value of 6.02 is 31.6% below this benchmark. Historically, Kernel Holding's own Interest Coverage has ranged from 2.34 to 5.37 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 8.80, Kernel Holding 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 Retail - Defensive company?
The median Interest Coverage among Retail - Defensive companies is 8.80, based on 254 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. Kernel Holding's current Interest Coverage of 6.02 is 31.6% 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 Kernel Holding and its competitors. For the Retail - Defensive industry, the median Interest Coverage is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current Interest Coverage is 6.02, which is 48% above median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Based on GuruFocus' analysis, Kernel Holding (WAR:KER) is currently considered Significantly Overvalued. The stock's GF Value™ is zł13.28, compared to a current price of zł19.22 — trading 44.7% above its estimated fair value. The current Interest Coverage is 6.02, which is 48% above median its 10-year median of 4.06 and 31.6% below the Retail - Defensive industry median of 8.80. Kernel Holding's overall GF Score™ is 63/100 with 1 warning sign 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 Kernel Holding (WAR:KER), the current Interest Coverage is 6.02 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 Kernel Holding (WAR:KER) Overvalued in 2026?
Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued.
The current stock price of zł19.22 is trading 44.7% above its estimated GF Value™ of zł13.28.
GuruFocus considers Kernel Holding to be Significantly Overvalued.
Key valuation signals for WAR:KER:
Interest Coverage: 6.02 (48% above median its 10-year median of 4.06)
GF Value™: zł13.28 vs. price of zł19.22 (44.7% above fair value)
Industry Position: 31.6% below the Retail - Defensive median (#165 of 254)
No single metric tells the full story. See the WAR:KER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
63GF Score
Get the complete analysis for WAR:KER
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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