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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. Granit AD's
Operating Income
for the
three
months ended in Mar. 2025 was MKD1 Mil. Granit AD's Interest Expense for the
three
months ended in Mar. 2025 was MKD-0 Mil.
Granit AD's interest coverage for the quarter that ended in Mar. 2025 was 17.63.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Granit AD's Interest Coverage or its related term are showing as below:
XMAE:GRNT's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 8 * Ranked among companies with meaningful Interest Coverage only.
Granit AD (XMAE:GRNT) 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 .
Granit AD Interest Coverage Related Terms
Granit AD Interest Coverage Historical Data
* Premium members only.
The historical data trend for Granit AD'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.
XMAE:GRNT vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Granit AD'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.
Granit AD Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Granit AD's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Granit AD'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.
Granit AD (XMAE:GRNT) has a Interest Coverage of 17.63 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Granit AD and its competitors.
Is Granit AD's Interest Coverage too high?
Granit AD's current Interest Coverage is 17.63. The Construction industry median Interest Coverage is 8.00. Granit AD's value of 17.63 is 120.4% above this industry median. Overall, Granit AD has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Granit AD's Interest Coverage compare to PWR and FIX?
Granit AD's Interest Coverage of 17.63 can be compared against companies in the Construction industry. The industry median Interest Coverage is 8.00. Granit AD's value of 17.63 is 120.4% above this benchmark. 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 Construction company?
The median Interest Coverage among Construction companies is 8.00, based on 1,361 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. Granit AD's current Interest Coverage of 17.63 is 120.4% 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 Granit AD and its competitors. For the Construction industry, the median Interest Coverage is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granit AD's current Interest Coverage is 17.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granit AD stock overvalued right now?
Granit AD (XMAE:GRNT) has a current Interest Coverage of 17.63. The current Interest Coverage is 17.63 and 120.4% above the Construction industry median of 8.00. Granit AD's overall GF Score™ is 59/100. 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 Granit AD (XMAE:GRNT), the current Interest Coverage is 17.63 as of Mar. 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.
Granit AD is engaged in the construction of buildings and infrastructure outside Macedonian borders. The company has been active in Libya, Kuwait, Iraq, Russia, Ukraine, Germany, Albania, Bulgaria, Croatia, Bosnia and Herzegovina, Serbia, among others.
59GF Score
Get the complete analysis for XMAE:GRNT
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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