MECGF (MEC Co) Interest Coverage: 260.11 (As of Dec. 2025) — 90% Below Median

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MECGF MEC Co Ltd MECGF
77 GF Score
Price $47.16
GF Value $25.24
Valuation Significantly Overvalued
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What is MEC Co Interest Coverage?

MEC Co MECGF 77 Interest Coverage is 260.11 as of Dec. 2025, which is 90% below its 10-year median of 2,678.39. GuruFocus rates MECGF with a GF Score™ of 77/100 and a GF Value™ of $25.24 (Significantly Overvalued). Among 1,244 Chemicals companies, MEC Co ranks better than 94.61% 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. MEC Co's Operating Income for the three months ended in Dec. 2025 was $9.6 Mil. MEC Co's Interest Expense for the three months ended in Dec. 2025 was $-0.0 Mil. MEC Co's interest coverage for the quarter that ended in Dec. 2025 was 260.11. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

MEC Co Ltd has no debt.

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

MECGF' s Interest Coverage Range Over the Past 10 Years
Min: 583.22   Med: 2678.39   Max: No Debt
Current: 917.85


MECGF's Interest Coverage is ranked better than
94.61% of 1244 companies
in the Chemicals industry
Industry Median: 10.355 vs MECGF: 917.85

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


MEC Co  (OTCPK:MECGF) 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 .


MEC Co Interest Coverage Related Terms


MEC Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for MEC Co'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.

MEC Co Interest Coverage Chart

MEC Co Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,944.43 5,936.20 4,328.25 3,707.75 921.65

MEC Co 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 3,668.50 No Debt 12,218.00 260.11 1,456.44

MECGF vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, MEC Co'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.


MEC Co Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, MEC Co's Interest Coverage distribution charts can be found below:

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


MECGF
77GF Score
MEC Co Ltd MECGF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MEC Co 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.

MEC Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, MEC Co's Interest Expense was $-0.0 Mil. Its Operating Income was $36.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*36.866/-0.04
=921.65

MEC Co's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, MEC Co's Interest Expense was $-0.0 Mil. Its Operating Income was $9.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*9.624/-0.037
=260.11

* 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 260.11 mean?
MEC Co (MECGF) has a Interest Coverage of 260.11 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MEC Co and its competitors. This is 90% below median its historical median of 2,678.39. Over the past decade, MEC Co's Interest Coverage has ranged from 583.22 to 10,000.00. According to the industry distribution chart, MEC Co ranks #67 out of 1244 companies in the Chemicals industry, placing it in the top 5.4%.
Is MEC Co's Interest Coverage too high?
MEC Co's current Interest Coverage of 260.11 is 90% below median its 10-year median of 2,678.39. Over the past 10 years, this metric has ranged from a low of 583.22 to a high of 10,000.00. The Chemicals industry median Interest Coverage is 10.36. MEC Co's value of 260.11 is 2411.9% above this industry median. Based on the distribution chart, MEC Co ranks #67 out of 1244 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, MEC Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MEC Co's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, MEC Co ranks #67 out of 1244 companies for Interest Coverage. This places MEC Co in the top 5% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 10.36. MEC Co's value of 260.11 is 2411.9% above this benchmark. Historically, MEC Co's own Interest Coverage has ranged from 583.22 to 10,000.00 over the past decade. While the company's 10-year median is 2,678.39 vs. the industry median of 10.36, MEC Co 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.36, based on 1,244 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. MEC Co's current Interest Coverage of 260.11 is 2411.9% 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 MEC Co and its competitors. For the Chemicals industry, the median Interest Coverage is 10.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MEC Co's current Interest Coverage is 260.11, which is 90% below median its own 10-year median of 2,678.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MEC Co stock overvalued right now?
Based on GuruFocus' analysis, MEC Co (MECGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.24, compared to a current price of $47.16 — trading 86.8% above its estimated fair value. The current Interest Coverage is 260.11, which is 90% below median its 10-year median of 2,678.39 and 2411.9% above the Chemicals industry median of 10.36. MEC Co's overall GF Score™ is 77/100. 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 MEC Co (MECGF), the current Interest Coverage is 260.11 as of Dec. 2025. 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 MEC Co (MECGF) Overvalued in 2026?

Based on GuruFocus' analysis, MEC Co stock appears to be overvalued. The current stock price of $47.16 is trading 86.8% above its estimated GF Value™ of $25.24. GuruFocus considers MEC Co to be Significantly Overvalued.

Key valuation signals for MECGF:

  • Interest Coverage: 260.11 (90% below median its 10-year median of 2,678.39)
  • GF Value™: $25.24 vs. price of $47.16 (86.8% above fair value)
  • GF Score™: 77/100
  • Industry Position: 2411.9% above the Chemicals median (#67 of 1244)

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


MEC Co Business Description

Other Exchanges 4971:Japan
Address 3-4-1, Kuise Minamishimmachi, Hyogo Prefecture, Amagasaki, JPN, 660-0822
MEC Co Ltd is a Japan-based chemical manufacturer. The company manufacture and sale of chemicals for electronic circuit boards and electronic components, as well as the sale of machinery and materials for electronic circuit boards. Its products are used in automobile, smartphone, and computer. Its products used in Chemicals for electronic substrates and AMALPHA : Resin-to-metal bonding technology from MEC.
77GF Score

Get the complete analysis for MECGF

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

$47.16
Price
$25.24
GF Value