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. Nomura Research Institute's
Operating Income
for the
three
months ended in Mar. 2026 was $-383 Mil. Nomura Research Institute's Interest Expense for the
three
months ended in Mar. 2026 was $-7 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nomura Research Institute's Interest Coverage or its related term are showing as below:
NURAF'
s Interest Coverage Range Over the Past 10 Years
Min: 7.01 Med: 26.61 Max: 409.2
Current: 12.44
NURAF's Interest Coverage is ranked worse than 62.29% of 1705
companies
in the Software industry
Industry Median: 24.78
vs NURAF: 12.44
Nomura Research Institute (OTCPK:NURAF) 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 .
Nomura Research Institute Interest Coverage Related Terms
Nomura Research Institute 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.
NURAF vs IBM, ACN, FISV: Interest Coverage Comparison
For the Information Technology Services subindustry, Nomura Research Institute'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.
Nomura Research Institute Interest Coverage vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Interest Coverage falls into.
Nomura Research Institute 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:
Nomura Research Institute did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
Nomura Research Institute (NURAF) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nomura Research Institute and its competitors. Over the past decade, Nomura Research Institute's Interest Coverage has ranged from 7.01 to 409.20. According to the industry distribution chart, Nomura Research Institute ranks #1062 out of 1705 companies in the Software industry, placing it in the top 62.3%.
Is Nomura Research Institute's Interest Coverage too high?
Nomura Research Institute's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 409.20. Based on the distribution chart, Nomura Research Institute ranks #1062 out of 1705 companies in the Software industry, which is below the industry midpoint. Overall, Nomura Research Institute has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's Interest Coverage compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1062 out of 1705 companies for Interest Coverage. This places Nomura Research Institute in the lower half of its industry. The industry median Interest Coverage is 24.78. Historically, Nomura Research Institute's own Interest Coverage has ranged from 7.01 to 409.20 over the past decade. 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 Software company?
The median Interest Coverage among Software companies is 24.78, based on 1,705 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. 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 Nomura Research Institute and its competitors. For the Software industry, the median Interest Coverage is 24.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Research Institute stock overvalued right now?
Based on GuruFocus' analysis, Nomura Research Institute (NURAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.67, compared to a current price of $25.65 — trading 16.4% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Nomura Research Institute's overall GF Score™ is 88/100 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 Nomura Research Institute (NURAF), the current Interest Coverage is 0 (At Loss) 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 Nomura Research Institute (NURAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued.
The current stock price of $25.65 is trading 16.4% below its estimated GF Value™ of $30.67.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NURAF:
Interest Coverage: 0 (At Loss)
GF Value™: $30.67 vs. price of $25.65 (16.4% below fair value)
No single metric tells the full story. See the NURAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomura Research Institute was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment acts as a de facto utility for Japan's capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services and a consulting business that originates digital transformation projects. The company reported fiscal 2025 revenue of JPY 814.7 billion. Nomura Holdings, the parent of Nomura Securities, remains NRI's largest shareholder with a 20% stake.
88GF Score
Get the complete analysis for NURAF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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