Iwatani (FRA:IWA) Interest Coverage: 21.02 (As of Mar. 2026) — 24% Below Median


FRA:IWA Iwatani Corp FRA:IWA
73 GF Score
Price €10.20
GF Value €9.99
Valuation Fairly Valued
! 7 Warning Signs
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What is Iwatani Interest Coverage?

Iwatani FRA:IWA +0.99% 73 Interest Coverage is 21.02 as of Mar. 2026, which is 24% below its 10-year median of 27.50. GuruFocus rates FRA:IWA with a GF Score™ of 73/100 and a GF Value™ of €9.99 (Fairly Valued). The stock has 7 warning signs investors should review. Among 426 Conglomerates companies, Iwatani ranks better than 68.31% 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. Iwatani's Operating Income for the three months ended in Mar. 2026 was €97 Mil. Iwatani's Interest Expense for the three months ended in Mar. 2026 was €-5 Mil. Iwatani's interest coverage for the quarter that ended in Mar. 2026 was 21.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Iwatani's Interest Coverage or its related term are showing as below:

FRA:IWA' s Interest Coverage Range Over the Past 10 Years
Min: 12.26   Med: 27.5   Max: 48.12
Current: 12.26


FRA:IWA's Interest Coverage is ranked better than
68.31% of 426 companies
in the Conglomerates industry
Industry Median: 5.31 vs FRA:IWA: 12.26

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


Iwatani  (FRA:IWA) 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 .


Iwatani Interest Coverage Related Terms


Iwatani Interest Coverage Historical Data

* Premium members only.

The historical data trend for Iwatani'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.

Iwatani Interest Coverage Chart

Iwatani Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.12 33.62 27.48 16.74 12.26

Iwatani Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 25.34 8.53 5.77 12.58 21.02

FRA:IWA vs HON, MMM: Interest Coverage Comparison

For the Conglomerates subindustry, Iwatani'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.


Iwatani Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Iwatani's Interest Coverage distribution charts can be found below:

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


FRA:IWA
73GF Score
Iwatani Corp FRA:IWA
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iwatani 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.

Iwatani's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Iwatani's Interest Expense was €-17 Mil. Its Operating Income was €209 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,045 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*208.909/-17.046
=12.26

Iwatani's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Iwatani's Interest Expense was €-5 Mil. Its Operating Income was €97 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,045 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*97.161/-4.623
=21.02

* 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 21.02 mean?
Iwatani (FRA:IWA) has a Interest Coverage of 21.02 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Iwatani and its competitors. This is 24% below median its historical median of 27.50. Over the past decade, Iwatani's Interest Coverage has ranged from 12.26 to 48.12. According to the industry distribution chart, Iwatani ranks #135 out of 426 companies in the Conglomerates industry, placing it in the top 31.7%.
Is Iwatani's Interest Coverage too high?
Iwatani's current Interest Coverage of 21.02 is 24% below median its 10-year median of 27.50. Over the past 10 years, this metric has ranged from a low of 12.26 to a high of 48.12. The Conglomerates industry median Interest Coverage is 5.31. Iwatani's value of 21.02 is 295.9% above this industry median. Based on the distribution chart, Iwatani ranks #135 out of 426 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Iwatani has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iwatani's Interest Coverage compare to HON and MMM?
According to the Conglomerates industry distribution chart, Iwatani ranks #135 out of 426 companies for Interest Coverage. This puts Iwatani in the upper half of its industry. The industry median Interest Coverage is 5.31. Iwatani's value of 21.02 is 295.9% above this benchmark. Historically, Iwatani's own Interest Coverage has ranged from 12.26 to 48.12 over the past decade. While the company's 10-year median is 27.50 vs. the industry median of 5.31, Iwatani 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.31, based on 426 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. Iwatani's current Interest Coverage of 21.02 is 295.9% 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 Iwatani and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iwatani's current Interest Coverage is 21.02, which is 24% below median its own 10-year median of 27.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iwatani stock overvalued right now?
Based on GuruFocus' analysis, Iwatani (FRA:IWA) is currently considered Fairly Valued. The stock's GF Value™ is €9.99, compared to a current price of €10.20 — trading 2.1% above its estimated fair value. The current Interest Coverage is 21.02, which is 24% below median its 10-year median of 27.50 and 295.9% above the Conglomerates industry median of 5.31. Iwatani's overall GF Score™ is 73/100 with 7 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 Iwatani (FRA:IWA), the current Interest Coverage is 21.02 as of Mar. 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 Iwatani (FRA:IWA) Overvalued in 2026?

Based on GuruFocus' analysis, Iwatani stock appears to be overvalued. The current stock price of €10.20 is trading 2.1% above its estimated GF Value™ of €9.99. GuruFocus considers Iwatani to be Fairly Valued.

Key valuation signals for FRA:IWA:

  • Interest Coverage: 21.02 (24% below median its 10-year median of 27.50)
  • GF Value™: €9.99 vs. price of €10.20 (2.1% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 295.9% above the Conglomerates median (#135 of 426)

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


Iwatani Business Description

Other Exchanges IWTNF:USA8088:Japan
Address 3-6-4 Honmachi, Chuo-ku, Osaka, JPN, 541-0053
Iwatani Corp is engaged in the comprehensive energy, industrial gases and machinery, and materials businesses. The Comprehensive Energy Business provides LPG for home, commercial, and industrial use, liquefied natural gas, petroleum products, and home-related equipment such as ENE-FARM and GHP. The Industrial Gases and Machinery Business supplies hydrogen, helium, and other specialty gases, along with gas supply equipment, welding materials, and machinery. The Materials Business handles PET resin, biomass fuel, secondary battery materials, rare earths, semiconductor materials, stainless steel, aluminum, and display films.
73GF Score

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

€10.20
Price
€9.99
GF Value