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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. Ichigo Office REIT Investment's
Operating Income
for the
six
months ended in Apr. 2026 was $28.8 Mil. Ichigo Office REIT Investment's Interest Expense for the
six
months ended in Apr. 2026 was $-4.3 Mil.
Ichigo Office REIT Investment's interest coverage for the quarter that ended in Apr. 2026 was 6.76.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ichigo Office REIT Investment's Interest Coverage or its related term are showing as below:
FCRQF'
s Interest Coverage Range Over the Past 10 Years
Min: 5.8 Med: 8.17 Max: 11.46
Current: 7.33
FCRQF's Interest Coverage is ranked better than 74.05% of 682
companies
in the REITs industry
Industry Median: 3.07
vs FCRQF: 7.33
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 .
Ichigo Office REIT Investment Interest Coverage Related Terms
Ichigo Office REIT Investment Interest Coverage Historical Data
* 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.
FCRQF vs BXP, ARE, VNO: Interest Coverage Comparison
For the REIT - Office subindustry, Ichigo Office REIT Investment'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.
Ichigo Office REIT Investment Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ichigo Office REIT Investment'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.
Ichigo Office REIT Investment (FCRQF) has a Interest Coverage of 6.76 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ichigo Office REIT Investment and its competitors. This is 17% below median its historical median of 8.17. Over the past decade, Ichigo Office REIT Investment's Interest Coverage has ranged from 5.80 to 11.46. According to the industry distribution chart, Ichigo Office REIT Investment ranks #177 out of 682 companies in the REITs industry, placing it in the top 26%.
Is Ichigo Office REIT Investment's Interest Coverage too high?
Ichigo Office REIT Investment's current Interest Coverage of 6.76 is 17% below median its 10-year median of 8.17. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 11.46. The REITs industry median Interest Coverage is 3.07. Ichigo Office REIT Investment's value of 6.76 is 120.2% above this industry median. Based on the distribution chart, Ichigo Office REIT Investment ranks #177 out of 682 companies in the REITs industry, which is above the industry midpoint. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, Ichigo Office REIT Investment ranks #177 out of 682 companies for Interest Coverage. This puts Ichigo Office REIT Investment in the upper half of its industry. The industry median Interest Coverage is 3.07. Ichigo Office REIT Investment's value of 6.76 is 120.2% above this benchmark. Historically, Ichigo Office REIT Investment's own Interest Coverage has ranged from 5.80 to 11.46 over the past decade. While the company's 10-year median is 8.17 vs. the industry median of 3.07, Ichigo Office REIT Investment 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 REITs company?
The median Interest Coverage among REITs companies is 3.07, based on 682 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. Ichigo Office REIT Investment's current Interest Coverage of 6.76 is 120.2% 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 Ichigo Office REIT Investment and its competitors. For the REITs industry, the median Interest Coverage is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Office REIT Investment's current Interest Coverage is 6.76, which is 17% below median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Office REIT Investment stock overvalued right now?
Ichigo Office REIT Investment (FCRQF) has a current Interest Coverage of 6.76. The stock's GF Value™ is $547.59, compared to a current price of $585.00 — trading 6.8% above its estimated fair value. The current Interest Coverage is 6.76, which is 17% below median its 10-year median of 8.17 and 120.2% above the REITs industry median of 3.07. Ichigo Office REIT Investment's overall GF Score™ is 67/100 with 11 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 Ichigo Office REIT Investment (FCRQF), the current Interest Coverage is 6.76 as of Apr. 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.
Is Ichigo Office REIT Investment (FCRQF) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued.
The current stock price of $585.00 is trading 6.8% above its estimated GF Value™ of $547.59.
Key valuation signals for FCRQF:
Interest Coverage: 6.76 (17% below median its 10-year median of 8.17)
GF Value™: $547.59 vs. price of $585.00 (6.8% above fair value)
Industry Position: 120.2% above the REITs median (#177 of 682)
No single metric tells the full story. See the FCRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.
67GF Score
Get the complete analysis for FCRQF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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