Tubos Reunidos (XMAD:TRG) Interest Coverage: 0 (At Loss) (As of Dec. 2025)


XMAD:TRG Tubos Reunidos SA XMAD:TRG
17 GF Score
Price €0.14
GF Value €0.49
Valuation Possible Value Trap
! 4 Warning Signs
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What is Tubos Reunidos Interest Coverage?

Tubos Reunidos XMAD:TRG 17 Interest Coverage is 0 (At Loss) as of Dec. 2025. GuruFocus rates XMAD:TRG with a GF Score™ of 17/100 and a GF Value™ of €0.49 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 456 Steel companies, Tubos Reunidos ranks worse than 219298.03% 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. Tubos Reunidos's Operating Income for the six months ended in Dec. 2025 was €-30.8 Mil. Tubos Reunidos's Interest Expense for the six months ended in Dec. 2025 was €-11.9 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 Tubos Reunidos's Interest Coverage or its related term are showing as below:


XMAD:TRG's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.445
* Ranked among companies with meaningful Interest Coverage only.

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


Tubos Reunidos  (XMAD:TRG) 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 .


Tubos Reunidos Interest Coverage Related Terms


Tubos Reunidos Interest Coverage Historical Data

* Premium members only.

The historical data trend for Tubos Reunidos'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.

Tubos Reunidos Interest Coverage Chart

Tubos Reunidos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.25 3.18 0.00 0.00

Tubos Reunidos Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.00 0.00 0.00 0.00

XMAD:TRG vs NUE, STLD, RS: Interest Coverage Comparison

For the Steel subindustry, Tubos Reunidos'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.


Tubos Reunidos Interest Coverage vs Steel Industry

For the Steel industry and Basic Materials sector, Tubos Reunidos's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tubos Reunidos's Interest Coverage falls into.


XMAD:TRG
17GF Score
Tubos Reunidos SA XMAD:TRG
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tubos Reunidos 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.

Tubos Reunidos's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Tubos Reunidos's Interest Expense was €-23.1 Mil. Its Operating Income was €-39.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €280.0 Mil.

Tubos Reunidos did not have earnings to cover the interest expense.

Tubos Reunidos's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Tubos Reunidos's Interest Expense was €-11.9 Mil. Its Operating Income was €-30.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €280.0 Mil.

Tubos Reunidos 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.

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 0 (At Loss) mean?
Tubos Reunidos (XMAD:TRG) has a Interest Coverage of 0 (At Loss) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tubos Reunidos and its competitors. According to the industry distribution chart, Tubos Reunidos ranks #999999 out of 456 companies in the Steel industry.
Is Tubos Reunidos' Interest Coverage too high?
Tubos Reunidos' current Interest Coverage is 0 (At Loss). Based on the distribution chart, Tubos Reunidos ranks #999999 out of 456 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tubos Reunidos has a GF Score™ of 17/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tubos Reunidos' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Tubos Reunidos ranks #999999 out of 456 companies for Interest Coverage. This places Tubos Reunidos 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 456 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 Tubos Reunidos 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. Tubos Reunidos'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 Tubos Reunidos stock overvalued right now?
Based on GuruFocus' analysis, Tubos Reunidos (XMAD:TRG) is currently considered Possible Value Trap. The stock's GF Value™ is €0.49, compared to a current price of €0.14 — trading 70.7% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Tubos Reunidos' overall GF Score™ is 17/100 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 Tubos Reunidos (XMAD:TRG), the current Interest Coverage is 0 (At Loss) as of Dec. 2025. 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 Tubos Reunidos (XMAD:TRG) Overvalued in 2026?

Based on GuruFocus' analysis, Tubos Reunidos stock appears to be undervalued. The current stock price of €0.14 is trading 70.7% below its estimated GF Value™ of €0.49. GuruFocus considers Tubos Reunidos to be Possible Value Trap.

Key valuation signals for XMAD:TRG:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: €0.49 vs. price of €0.14 (70.7% below fair value)
  • GF Score™: 17/100 with 4 warning signs

No single metric tells the full story. See the XMAD:TRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tubos Reunidos Business Description

Other Exchanges 0KD2:UKTU1:Germany
Address Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.
17GF Score

Get the complete analysis for XMAD:TRG

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

€0.14
Price
€0.49
GF Value