Shinwa Co (NGO:3447) Interest Coverage: 10.79 (As of Mar. 2026) — 60% Below Median


NGO:3447 Shinwa Co Ltd NGO:3447
75 GF Score
Price 円886.00
GF Value 円1,042.43
! 4 Warning Signs
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What is Shinwa Co Interest Coverage?

Shinwa Co NGO:3447 75 Interest Coverage is 10.79 as of Mar. 2026, which is 60% below its 10-year median of 27.04. GuruFocus rates NGO:3447 with a GF Score™ of 75/100 and a GF Value™ of 円1,042.43. The stock has 4 warning signs investors should review. Among 2,325 Industrial Products companies, Shinwa Co ranks worse than 53.98% 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. Shinwa Co's Operating Income for the six months ended in Mar. 2026 was 円1,121 Mil. Shinwa Co's Interest Expense for the six months ended in Mar. 2026 was 円-104 Mil. Shinwa Co's interest coverage for the quarter that ended in Mar. 2026 was 10.79. The higher the ratio, the stronger the company's financial strength is.

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

NGO:3447' s Interest Coverage Range Over the Past 10 Years
Min: 12.08   Med: 27.04   Max: 36.42
Current: 12.55


NGO:3447's Interest Coverage is ranked worse than
53.98% of 2325 companies
in the Industrial Products industry
Industry Median: 14.8 vs NGO:3447: 12.55

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


Shinwa Co  (NGO:3447) 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 .


Shinwa Co Interest Coverage Related Terms


Shinwa Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Shinwa 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.

Shinwa Co Interest Coverage Chart

Shinwa Co 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 29.48 22.13 14.29 12.08 12.55

Shinwa Co Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.32 14.31 10.23 14.48 10.79

NGO:3447 vs CRS, ATI, MLI: Interest Coverage Comparison

For the Metal Fabrication subindustry, Shinwa 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.


Shinwa Co Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shinwa Co's Interest Coverage distribution charts can be found below:

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


NGO:3447
75GF Score
Shinwa Co Ltd NGO:3447
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinwa 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.

Shinwa Co'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, Shinwa Co's Interest Expense was 円-198 Mil. Its Operating Income was 円2,488 Mil. And its Long-Term Debt & Capital Lease Obligation was 円5,683 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*2488.195/-198.293
=12.55

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

Here, for the six months ended in Mar. 2026, Shinwa Co's Interest Expense was 円-104 Mil. Its Operating Income was 円1,121 Mil. And its Long-Term Debt & Capital Lease Obligation was 円5,683 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1120.586/-103.843
=10.79

* 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 10.79 mean?
Shinwa Co (NGO:3447) has a Interest Coverage of 10.79 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shinwa Co and its competitors. This is 60% below median its historical median of 27.04. Over the past decade, Shinwa Co's Interest Coverage has ranged from 12.08 to 36.42. According to the industry distribution chart, Shinwa Co ranks #1255 out of 2325 companies in the Industrial Products industry, placing it in the top 54%.
Is Shinwa Co's Interest Coverage too high?
Shinwa Co's current Interest Coverage of 10.79 is 60% below median its 10-year median of 27.04. Over the past 10 years, this metric has ranged from a low of 12.08 to a high of 36.42. The Industrial Products industry median Interest Coverage is 14.80. Shinwa Co's value of 10.79 is 27.1% below this industry median. Based on the distribution chart, Shinwa Co ranks #1255 out of 2325 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shinwa Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Interest Coverage compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #1255 out of 2325 companies for Interest Coverage. This places Shinwa Co in the lower half of its industry. The industry median Interest Coverage is 14.80. Shinwa Co's value of 10.79 is 27.1% below this benchmark. Historically, Shinwa Co's own Interest Coverage has ranged from 12.08 to 36.42 over the past decade. While the company's 10-year median is 27.04 vs. the industry median of 14.80, Shinwa Co has consistently been below 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 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. Shinwa Co's current Interest Coverage of 10.79 is 27.1% below 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 Shinwa Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current Interest Coverage is 10.79, which is 60% below median its own 10-year median of 27.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Interest Coverage of 10.79. The stock's GF Value™ is 円1,042.43, compared to a current price of 円886.00 — trading 15% below its estimated fair value. The current Interest Coverage is 10.79, which is 60% below median its 10-year median of 27.04 and 27.1% below the Industrial Products industry median of 14.80. Shinwa Co's overall GF Score™ is 75/100 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 Shinwa Co (NGO:3447), the current Interest Coverage is 10.79 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 Shinwa Co (NGO:3447) Overvalued in 2026?

Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued. The current stock price of 円886.00 is trading 15% below its estimated GF Value™ of 円1,042.43.

Key valuation signals for NGO:3447:

  • Interest Coverage: 10.79 (60% below median its 10-year median of 27.04)
  • GF Value™: 円1,042.43 vs. price of 円886.00 (15% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 27.1% below the Industrial Products median (#1255 of 2325)

No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinwa Co Business Description

Other Exchanges 3447:Japan
Address 30-7 Hiratacho Bushigawa, Gifu Prefecture, Kaizu-shi, JPN, 503-0311
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
75GF Score

Get the complete analysis for NGO:3447

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

円886.00
Price
円1,042.43
GF Value