Toyo ElectricNGO:6655 -0.61%64 Interest Coverage is 24.11 as of Mar. 2026, which is 84% above its 10-year median of 13.11. GuruFocus rates NGO:6655 with a GF Score™ of 64/100 and a GF Value™ of 円804.21 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,320 Industrial Products companies, Toyo Electric ranks worse than 52.76% 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. Toyo Electric's
Operating Income
for the
six
months ended in Mar. 2026 was 円326 Mil. Toyo Electric's Interest Expense for the
six
months ended in Mar. 2026 was 円-14 Mil.
Toyo Electric's interest coverage for the quarter that ended in Mar. 2026 was 24.11.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Toyo Electric's Interest Coverage or its related term are showing as below:
NGO:6655'
s Interest Coverage Range Over the Past 10 Years
Min: 3.93 Med: 13.11 Max: 23.07
Current: 13.11
NGO:6655's Interest Coverage is ranked worse than 52.76% of 2320
companies
in the Industrial Products industry
Industry Median: 14.88
vs NGO:6655: 13.11
Toyo Electric (NGO:6655) 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 .
Toyo Electric Interest Coverage Related Terms
Toyo Electric Interest Coverage Historical Data
* Premium members only.
The historical data trend for Toyo Electric'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.
For the Electrical Equipment & Parts subindustry, Toyo Electric'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.
Toyo Electric Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Toyo Electric's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Toyo Electric'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.
Toyo Electric (NGO:6655) has a Interest Coverage of 24.11 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Toyo Electric and its competitors. This is 84% above median its historical median of 13.11. Over the past decade, Toyo Electric's Interest Coverage has ranged from 3.93 to 23.07. According to the industry distribution chart, Toyo Electric ranks #1224 out of 2320 companies in the Industrial Products industry, placing it in the top 52.8%.
Is Toyo Electric's Interest Coverage too high?
Toyo Electric's current Interest Coverage of 24.11 is 84% above median its 10-year median of 13.11. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 23.07. The Industrial Products industry median Interest Coverage is 14.88. Toyo Electric's value of 24.11 is 62% above this industry median. Based on the distribution chart, Toyo Electric ranks #1224 out of 2320 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Toyo Electric has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Electric's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Toyo Electric ranks #1224 out of 2320 companies for Interest Coverage. This places Toyo Electric in the lower half of its industry. The industry median Interest Coverage is 14.88. Toyo Electric's value of 24.11 is 62% above this benchmark. Historically, Toyo Electric's own Interest Coverage has ranged from 3.93 to 23.07 over the past decade. While the company's 10-year median is 13.11 vs. the industry median of 14.88, Toyo Electric 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.88, based on 2,320 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. Toyo Electric's current Interest Coverage of 24.11 is 62% 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 Toyo Electric and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Electric's current Interest Coverage is 24.11, which is 84% above median its own 10-year median of 13.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Electric stock overvalued right now?
Based on GuruFocus' analysis, Toyo Electric (NGO:6655) is currently considered Fairly Valued. The stock's GF Value™ is 円804.21, compared to a current price of 円810.00 — trading 0.7% above its estimated fair value. The current Interest Coverage is 24.11, which is 84% above median its 10-year median of 13.11 and 62% above the Industrial Products industry median of 14.88. Toyo Electric's overall GF Score™ is 64/100 with 3 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 Toyo Electric (NGO:6655), the current Interest Coverage is 24.11 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 Toyo Electric (NGO:6655) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Electric stock appears to be overvalued.
The current stock price of 円810.00 is trading 0.7% above its estimated GF Value™ of 円804.21.
GuruFocus considers Toyo Electric to be Fairly Valued.
Key valuation signals for NGO:6655:
Interest Coverage: 24.11 (84% above median its 10-year median of 13.11)
GF Value™: 円804.21 vs. price of 円810.00 (0.7% above fair value)
Industry Position: 62% above the Industrial Products median (#1224 of 2320)
No single metric tells the full story. See the NGO:6655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Electric Corp is a Japan based company engaged in the manufacture and maintenance of switchboards and transformers. The company provides monitoring and control equipment, distribution boards, transformers, sensors, equipment for solutions, and manufactures and sells switchboards and elevator sensors, and the Company outsources the manufacturing of products and sells and purchases raw materials.
64GF Score
Get the complete analysis for NGO:6655
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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