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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. National Company KazMunayGaz JSC's
Operating Income
for the
three
months ended in Jun. 2026 was ₸363,310 Mil. National Company KazMunayGaz JSC's Interest Expense for the
three
months ended in Jun. 2026 was ₸0 Mil.
National Company KazMunayGaz JSC's interest coverage for the quarter that ended in Jun. 2026 was 5.54.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for National Company KazMunayGaz JSC's Interest Coverage or its related term are showing as below:
XKAZ:KMGZ'
s Interest Coverage Range Over the Past 10 Years
Min: 0.99 Med: 3.14 Max: 5.49
Current: 5.49
XKAZ:KMGZ's Interest Coverage is ranked worse than 53.71% of 741
companies
in the Oil & Gas industry
Industry Median: 6.43
vs XKAZ:KMGZ: 5.49
National Company KazMunayGaz JSC (XKAZ:KMGZ) 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 .
National Company KazMunayGaz JSC Interest Coverage Related Terms
National Company KazMunayGaz JSC Interest Coverage Historical Data
* 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.
National Company KazMunayGaz JSC Interest Coverage Chart
XKAZ:KMGZ vs MPC, VLO, PSX: Interest Coverage Comparison
For the Oil & Gas Refining & Marketing subindustry, National Company KazMunayGaz JSC'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.
National Company KazMunayGaz JSC Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Company KazMunayGaz JSC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where National Company KazMunayGaz JSC's Interest Coverage falls into.
National Company KazMunayGaz JSC 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.
National Company KazMunayGaz JSC (XKAZ:KMGZ) has a Interest Coverage of 5.54 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Company KazMunayGaz JSC and its competitors. This is 76% above median its historical median of 3.14. Over the past decade, National Company KazMunayGaz JSC's Interest Coverage has ranged from 0.99 to 5.49. According to the industry distribution chart, National Company KazMunayGaz JSC ranks #398 out of 741 companies in the Oil & Gas industry, placing it in the top 53.7%.
Is National Company KazMunayGaz JSC's Interest Coverage too high?
National Company KazMunayGaz JSC's current Interest Coverage of 5.54 is 76% above median its 10-year median of 3.14. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 5.49. The Oil & Gas industry median Interest Coverage is 6.43. National Company KazMunayGaz JSC's value of 5.54 is 13.8% below this industry median. Based on the distribution chart, National Company KazMunayGaz JSC ranks #398 out of 741 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Company KazMunayGaz JSC has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Company KazMunayGaz JSC's Interest Coverage compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, National Company KazMunayGaz JSC ranks #398 out of 741 companies for Interest Coverage. This places National Company KazMunayGaz JSC in the lower half of its industry. The industry median Interest Coverage is 6.43. National Company KazMunayGaz JSC's value of 5.54 is 13.8% below this benchmark. Historically, National Company KazMunayGaz JSC's own Interest Coverage has ranged from 0.99 to 5.49 over the past decade. While the company's 10-year median is 3.14 vs. the industry median of 6.43, National Company KazMunayGaz JSC 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.43, based on 741 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. National Company KazMunayGaz JSC's current Interest Coverage of 5.54 is 13.8% 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 National Company KazMunayGaz JSC and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Company KazMunayGaz JSC's current Interest Coverage is 5.54, which is 76% above median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Company KazMunayGaz JSC stock overvalued right now?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC (XKAZ:KMGZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₸19,777.96, compared to a current price of ₸35,560.00 — trading 79.8% above its estimated fair value. The current Interest Coverage is 5.54, which is 76% above median its 10-year median of 3.14 and 13.8% below the Oil & Gas industry median of 6.43. National Company KazMunayGaz JSC's overall GF Score™ is 65/100 with 7 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 National Company KazMunayGaz JSC (XKAZ:KMGZ), the current Interest Coverage is 5.54 as of Jun. 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 National Company KazMunayGaz JSC (XKAZ:KMGZ) Overvalued in 2026?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC stock appears to be overvalued.
The current stock price of ₸35,560.00 is trading 79.8% above its estimated GF Value™ of ₸19,777.96.
GuruFocus considers National Company KazMunayGaz JSC to be Significantly Overvalued.
Key valuation signals for XKAZ:KMGZ:
Interest Coverage: 5.54 (76% above median its 10-year median of 3.14)
GF Value™: ₸19,777.96 vs. price of ₸35,560.00 (79.8% above fair value)
Industry Position: 13.8% below the Oil & Gas median (#398 of 741)
No single metric tells the full story. See the XKAZ:KMGZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Company KazMunayGaz JSC Group's activities comprise the exploration and production of oil and gas, transportation, refining, and marketing of hydrocarbons and petroleum products, with trading activities carried out in the Republic of Kazakhstan. The Group's activity consists of three main operating segments: exploration and production of oil and gas, oil transportation, and refining and trading of crude oil and refined products, which generates maximum revenue. It operates in the UAE, which generates maximum revenue, as well as in Kazakhstan, Romania, Switzerland, the Netherlands, and other countries.
65GF Score
Get the complete analysis for XKAZ:KMGZ
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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