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. Air Liquide's
Operating Income
for the
six
months ended in Dec. 2025 was CHF2,330 Mil. Air Liquide's Interest Expense for the
six
months ended in Dec. 2025 was CHF32 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 Air Liquide's Interest Coverage or its related term are showing as below:
XSWX:AI1'
s Interest Coverage Range Over the Past 10 Years
Min: 6.95 Med: 11.39 Max: 108.52
Current: 63.29
XSWX:AI1's Interest Coverage is ranked better than 80.36% of 1237
companies
in the Chemicals industry
Industry Median: 10.26
vs XSWX:AI1: 63.29
Air Liquide (XSWX:AI1) 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 .
Air Liquide Interest Coverage Related Terms
Air Liquide Interest Coverage Historical Data
* Premium members only.
The historical data trend for Air Liquide'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.
XSWX:AI1 vs LIN, SHW, ECL: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Air Liquide'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.
Air Liquide Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Air Liquide'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.
What does a Interest Coverage of 0 (At Loss) mean?
Air Liquide (XSWX:AI1) 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 Air Liquide and its competitors. Over the past decade, Air Liquide's Interest Coverage has ranged from 6.95 to 108.52. According to the industry distribution chart, Air Liquide ranks #243 out of 1237 companies in the Chemicals industry, placing it in the top 19.6%.
Is Air Liquide's Interest Coverage too high?
Air Liquide's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 6.95 to a high of 108.52. Based on the distribution chart, Air Liquide ranks #243 out of 1237 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Air Liquide has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #243 out of 1237 companies for Interest Coverage. This places Air Liquide in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 10.26. Historically, Air Liquide's own Interest Coverage has ranged from 6.95 to 108.52 over the past decade. 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.26, based on 1,237 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 Air Liquide and its competitors. For the Chemicals industry, the median Interest Coverage is 10.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide'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 Air Liquide stock overvalued right now?
Air Liquide (XSWX:AI1) has a current Interest Coverage of 0 (At Loss). The stock's GF Value™ is CHF140.88, compared to a current price of CHF157.66 — trading 11.9% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Air Liquide's overall GF Score™ is 98/100 with 5 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 Air Liquide (XSWX:AI1), 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 Air Liquide (XSWX:AI1) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of CHF157.66 is trading 11.9% above its estimated GF Value™ of CHF140.88.
Key valuation signals for XSWX:AI1:
Interest Coverage: 0 (At Loss)
GF Value™: CHF140.88 vs. price of CHF157.66 (11.9% above fair value)
No single metric tells the full story. See the XSWX:AI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score
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