Meyer

Meyer Interest Coverage

The Interest Coverage Ratio of Meyer (MEYER.NL) as of Oct 16, 2026 is 0.79. In the previous year, Interest Coverage Ratio was 1.23 — a change of -35.81% (lower).

Interest Coverage

0.79

YoY

-35.81%

Last updated:

Interest Coverage Ratio of Meyer is 2024 0.79 . Interest Coverage Ratio of Meyer was 2023 1.23 . It decreases by -35.81% lower compared to the previous year.

The Meyer Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
-4.13 NGN
Jan 1, 2018
-2.04 NGN
Jan 1, 2019
-1.08 NGN
Jan 1, 2020
-3.37 NGN
Jan 1, 2021
-0.29 NGN
Jan 1, 2022
-1.52 NGN
Jan 1, 2023
1.23 NGN
Jan 1, 2024
0.79 NGN
The Meyer Interest Coverage history
YEARInterest CoverageYoY
0.79-35.81%
1.23-180.55%
-1.52+427.98%
-0.29-91.45%
-3.37+211.45%
-1.08-47.02%
-2.04-50.52%
-4.13-27.14%
-5.67-440.01%
1.67—

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Meyer Stock analysis

What does Meyer do? Meyer PLC is a company based in Lagos, Nigeria, operating within the Materials sector, specifically in the Chemicals industry. The company has been publicly traded since its IPO on December 21, 1995, and its stock is listed under the ticker MEYER.NL with ISIN NGMEYER00006. Meyer PLC manufactures and markets paints and allied products, including coatings, adhesives, and flooring solutions. The company employs 74 full-time staff members. Meyer PLC operates through two business segments: Paints and Painting Services. The Paints segment focuses on producing a variety of paint products across different categories, while the Painting Services segment provides application services for paints on completed buildings according to architectural designs. The company’s product portfolio encompasses several categories: Decorative paints, which include Wall Satin, Velvet Matt, and Imperial Gloss; Industrial & Marine paints, featuring Meyer Chlorinated Rubber Paint and Meyer Chlorinated Anti-Fouling Paint; Auto Refinishes, such as Meyerflex Finish Solid and Autobase; and Wood Finishes, including Wood Guard and Wood Varnish. Meyer PLC’s website is www.meyerpaints.com, and it serves the Nigerian market with its range of paint and coating solutions. The company’s operations are centered in Lagos, Nigeria, with no additional details provided on its founding year, specific acquisitions, or financial figures beyond the IPO date and employee count. Meyer is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Meyer stock

Interest Coverage Ratio of Meyer is 0.79 in 2024.

Interest Coverage Ratio of Meyer changed from 1.23 to 0.79, representing a -35.81% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Meyer since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Meyer with sector peers and the industry average to assess whether it is attractive.

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Leverage — Meyer

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