Internet Initiative JapanIIJIF -3.09%94 Interest Coverage is 32.78 as of Mar. 2026, which is 33% above its 10-year median of 24.64. GuruFocus rates IIJIF with a GF Score™ of 94/100 and a GF Value™ of $19.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 284 Telecommunication Services companies, Internet Initiative Japan ranks better than 82.39% 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. Internet Initiative Japan's
Operating Income
for the
three
months ended in Mar. 2026 was $66 Mil. Internet Initiative Japan's Interest Expense for the
three
months ended in Mar. 2026 was $-2 Mil.
Internet Initiative Japan's interest coverage for the quarter that ended in Mar. 2026 was 32.78.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Internet Initiative Japan's Interest Coverage or its related term are showing as below:
IIJIF'
s Interest Coverage Range Over the Past 10 Years
Min: 13.48 Med: 24.64 Max: 49.31
Current: 24.78
IIJIF's Interest Coverage is ranked better than 82.39% of 284
companies
in the Telecommunication Services industry
Industry Median: 4.685
vs IIJIF: 24.78
Internet Initiative Japan (OTCPK:IIJIF) 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 .
Internet Initiative Japan Interest Coverage Related Terms
Internet Initiative Japan 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.
IIJIF vs TMUS, VZ, T: Interest Coverage Comparison
For the Telecom Services subindustry, Internet Initiative Japan'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.
Internet Initiative Japan Interest Coverage vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Internet Initiative Japan's Interest Coverage falls into.
Internet Initiative Japan 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:
* 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.
Internet Initiative Japan (IIJIF) has a Interest Coverage of 32.78 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Internet Initiative Japan and its competitors. This is 33% above median its historical median of 24.64. Over the past decade, Internet Initiative Japan's Interest Coverage has ranged from 13.48 to 49.31. According to the industry distribution chart, Internet Initiative Japan ranks #50 out of 284 companies in the Telecommunication Services industry, placing it in the top 17.6%.
Is Internet Initiative Japan's Interest Coverage too high?
Internet Initiative Japan's current Interest Coverage of 32.78 is 33% above median its 10-year median of 24.64. Over the past 10 years, this metric has ranged from a low of 13.48 to a high of 49.31. The Telecommunication Services industry median Interest Coverage is 4.69. Internet Initiative Japan's value of 32.78 is 599.7% above this industry median. Based on the distribution chart, Internet Initiative Japan ranks #50 out of 284 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Internet Initiative Japan has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Internet Initiative Japan's Interest Coverage compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Internet Initiative Japan ranks #50 out of 284 companies for Interest Coverage. This places Internet Initiative Japan in the top 18% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.69. Internet Initiative Japan's value of 32.78 is 599.7% above this benchmark. Historically, Internet Initiative Japan's own Interest Coverage has ranged from 13.48 to 49.31 over the past decade. While the company's 10-year median is 24.64 vs. the industry median of 4.69, Internet Initiative Japan 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 Telecommunication Services company?
The median Interest Coverage among Telecommunication Services companies is 4.69, based on 284 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. Internet Initiative Japan's current Interest Coverage of 32.78 is 599.7% 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 Internet Initiative Japan and its competitors. For the Telecommunication Services industry, the median Interest Coverage is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Initiative Japan's current Interest Coverage is 32.78, which is 33% above median its own 10-year median of 24.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Initiative Japan stock overvalued right now?
Based on GuruFocus' analysis, Internet Initiative Japan (IIJIF) is currently considered Fairly Valued. The stock's GF Value™ is $19.66, compared to a current price of $18.51 — trading 5.8% below its estimated fair value. The current Interest Coverage is 32.78, which is 33% above median its 10-year median of 24.64 and 599.7% above the Telecommunication Services industry median of 4.69. Internet Initiative Japan's overall GF Score™ is 94/100 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 Internet Initiative Japan (IIJIF), the current Interest Coverage is 32.78 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 Internet Initiative Japan (IIJIF) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Initiative Japan stock appears to be undervalued.
The current stock price of $18.51 is trading 5.8% below its estimated GF Value™ of $19.66.
GuruFocus considers Internet Initiative Japan to be Fairly Valued.
Key valuation signals for IIJIF:
Interest Coverage: 32.78 (33% above median its 10-year median of 24.64)
GF Value™: $19.66 vs. price of $18.51 (5.8% below fair value)
Industry Position: 599.7% above the Telecommunication Services median (#50 of 284)
No single metric tells the full story. See the IIJIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.
94GF Score
Get the complete analysis for IIJIF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IIJIF has been successfully added to your 
