Northern Solar Holdings Bhd (XKLS:0340) Interest Coverage: 28.31 (As of Mar. 2026) — Near Median


XKLS:0340 Northern Solar Holdings Bhd XKLS:0340
19 GF Score
Price RM0.68
! 4 Warning Signs
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What is Northern Solar Holdings Bhd Interest Coverage?

Northern Solar Holdings Bhd XKLS:0340 +0.75% 19 Interest Coverage is 28.31 as of Mar. 2026, which is 1% above its 10-year median of 27.95. GuruFocus rates XKLS:0340 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 635 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 56.85% 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. Northern Solar Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM3.6 Mil. Northern Solar Holdings Bhd's Interest Expense for the three months ended in Mar. 2026 was RM-0.1 Mil. Northern Solar Holdings Bhd's interest coverage for the quarter that ended in Mar. 2026 was 28.31. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Northern Solar Holdings Bhd's Interest Coverage or its related term are showing as below:

XKLS:0340' s Interest Coverage Range Over the Past 10 Years
Min: 20.01   Med: 27.95   Max: 54.16
Current: 33.35


XKLS:0340's Interest Coverage is ranked better than
56.85% of 635 companies
in the Semiconductors industry
Industry Median: 20.32 vs XKLS:0340: 33.35

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Northern Solar Holdings Bhd  (XKLS:0340) 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 .


Northern Solar Holdings Bhd Interest Coverage Related Terms


Northern Solar Holdings Bhd Interest Coverage Historical Data

* Premium members only.

The historical data trend for Northern Solar Holdings Bhd'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.

Northern Solar Holdings Bhd Interest Coverage Chart

Northern Solar Holdings Bhd Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
54.16 20.01 27.95 21.69 33.68

Northern Solar Holdings Bhd Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.78 36.55 31.80 35.74 28.31

XKLS:0340 vs FSLR, NXT, ENPH: Interest Coverage Comparison

For the Solar subindustry, Northern Solar Holdings Bhd'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.


Northern Solar Holdings Bhd Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Northern Solar Holdings Bhd's Interest Coverage falls into.


XKLS:0340
19GF Score
Northern Solar Holdings Bhd XKLS:0340
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Solar Holdings Bhd 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northern Solar Holdings Bhd's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Northern Solar Holdings Bhd's Interest Expense was RM-0.6 Mil. Its Operating Income was RM19.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.2 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*19.872/-0.59
=33.68

Northern Solar Holdings Bhd's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Northern Solar Holdings Bhd's Interest Expense was RM-0.1 Mil. Its Operating Income was RM3.6 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3.595/-0.127
=28.31

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 28.31 mean?
Northern Solar Holdings Bhd (XKLS:0340) has a Interest Coverage of 28.31 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Northern Solar Holdings Bhd and its competitors. This is near median its historical median of 27.95. Over the past decade, Northern Solar Holdings Bhd's Interest Coverage has ranged from 20.01 to 54.16. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #274 out of 635 companies in the Semiconductors industry, placing it in the top 43.1%.
Is Northern Solar Holdings Bhd's Interest Coverage too high?
Northern Solar Holdings Bhd's current Interest Coverage of 28.31 is near median its 10-year median of 27.95. Over the past 10 years, this metric has ranged from a low of 20.01 to a high of 54.16. The Semiconductors industry median Interest Coverage is 20.32. Northern Solar Holdings Bhd's value of 28.31 is 39.3% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #274 out of 635 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #274 out of 635 companies for Interest Coverage. This puts Northern Solar Holdings Bhd in the upper half of its industry. The industry median Interest Coverage is 20.32. Northern Solar Holdings Bhd's value of 28.31 is 39.3% above this benchmark. Historically, Northern Solar Holdings Bhd's own Interest Coverage has ranged from 20.01 to 54.16 over the past decade. While the company's 10-year median is 27.95 vs. the industry median of 20.32, Northern Solar Holdings Bhd has consistently been above 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.32, based on 635 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. Northern Solar Holdings Bhd's current Interest Coverage of 28.31 is 39.3% above 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Interest Coverage is 28.31, which is near median its own 10-year median of 27.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Interest Coverage of 28.31. The current Interest Coverage is 28.31, which is near median its 10-year median of 27.95 and 39.3% above the Semiconductors industry median of 20.32. Northern Solar Holdings Bhd's overall GF Score™ is 19/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Interest Coverage is 28.31 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.

Northern Solar Holdings Bhd Business Description

Address No. 3, Jalan SS20/27, Units 8-01 and 8-02, Level 8, Menara Lagenda, Petaling Jaya, SGR, MYS, 47400
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
19GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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