Maruichi Steel TubeMCHIF +10.76%86 Interest Coverage is 368.82 as of Mar. 2026, which is 183% above its 10-year median of 130.32. GuruFocus rates MCHIF with a GF Score™ of 86/100 and a GF Value™ of $5.19. The stock has 4 warning signs investors should review. Among 458 Steel companies, Maruichi Steel Tube ranks better than 94.1% 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. Maruichi Steel Tube's
Operating Income
for the
three
months ended in Mar. 2026 was $51 Mil. Maruichi Steel Tube's Interest Expense for the
three
months ended in Mar. 2026 was $-0 Mil.
Maruichi Steel Tube's interest coverage for the quarter that ended in Mar. 2026 was 368.82.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Maruichi Steel Tube Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Maruichi Steel Tube's Interest Coverage or its related term are showing as below:
MCHIF'
s Interest Coverage Range Over the Past 10 Years
Min: 49.71 Med: 130.32 Max: 445.04
Current: 445.04
MCHIF's Interest Coverage is ranked better than 94.1% of 458
companies
in the Steel industry
Industry Median: 4.445
vs MCHIF: 445.04
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 .
Maruichi Steel Tube Interest Coverage Related Terms
Maruichi Steel Tube Interest Coverage Historical Data
* Premium members only.
The historical data trend for Maruichi Steel Tube'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.
MCHIF vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Maruichi Steel Tube'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.
Maruichi Steel Tube Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Maruichi Steel Tube'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.
Maruichi Steel Tube (MCHIF) has a Interest Coverage of 368.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Maruichi Steel Tube and its competitors. This is 183% above median its historical median of 130.32. Over the past decade, Maruichi Steel Tube's Interest Coverage has ranged from 49.71 to 445.04. According to the industry distribution chart, Maruichi Steel Tube ranks #27 out of 458 companies in the Steel industry, placing it in the top 5.9%.
Is Maruichi Steel Tube's Interest Coverage too high?
Maruichi Steel Tube's current Interest Coverage of 368.82 is 183% above median its 10-year median of 130.32. Over the past 10 years, this metric has ranged from a low of 49.71 to a high of 445.04. The Steel industry median Interest Coverage is 4.45. Maruichi Steel Tube's value of 368.82 is 8197.4% above this industry median. Based on the distribution chart, Maruichi Steel Tube ranks #27 out of 458 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maruichi Steel Tube has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Maruichi Steel Tube's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Maruichi Steel Tube ranks #27 out of 458 companies for Interest Coverage. This places Maruichi Steel Tube in the top 6% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.45. Maruichi Steel Tube's value of 368.82 is 8197.4% above this benchmark. Historically, Maruichi Steel Tube's own Interest Coverage has ranged from 49.71 to 445.04 over the past decade. While the company's 10-year median is 130.32 vs. the industry median of 4.45, Maruichi Steel Tube 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 458 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. Maruichi Steel Tube's current Interest Coverage of 368.82 is 8197.4% 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 Maruichi Steel Tube and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruichi Steel Tube's current Interest Coverage is 368.82, which is 183% above median its own 10-year median of 130.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Steel Tube stock overvalued right now?
Maruichi Steel Tube (MCHIF) has a current Interest Coverage of 368.82. The stock's GF Value™ is $5.19, compared to a current price of $7.31 — trading 40.8% above its estimated fair value. The current Interest Coverage is 368.82, which is 183% above median its 10-year median of 130.32 and 8197.4% above the Steel industry median of 4.45. Maruichi Steel Tube's overall GF Score™ is 86/100 with 4 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 Maruichi Steel Tube (MCHIF), the current Interest Coverage is 368.82 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 Maruichi Steel Tube (MCHIF) Overvalued in 2026?
Based on GuruFocus' analysis, Maruichi Steel Tube stock appears to be overvalued.
The current stock price of $7.31 is trading 40.8% above its estimated GF Value™ of $5.19.
Key valuation signals for MCHIF:
Interest Coverage: 368.82 (183% above median its 10-year median of 130.32)
GF Value™: $5.19 vs. price of $7.31 (40.8% above fair value)
Industry Position: 8197.4% above the Steel median (#27 of 458)
No single metric tells the full story. See the MCHIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tubes and steel sheet coating. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motorcycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others.
86GF Score
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