OJIPF (Oji Holdings) Interest Coverage: 2.19 (As of Mar. 2026) — 81% Below Median


OJIPF Oji Holdings Corp OJIPF
70 GF Score
Price $5.80
GF Value $5.21
! 7 Warning Signs
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What is Oji Holdings Interest Coverage?

Oji Holdings OJIPF 70 Interest Coverage is 2.19 as of Mar. 2026, which is 81% below its 10-year median of 11.61. GuruFocus rates OJIPF with a GF Score™ of 70/100 and a GF Value™ of $5.21. The stock has 7 warning signs investors should review. Among 182 Forest Products companies, Oji Holdings ranks worse than 58.79% 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. Oji Holdings's Operating Income for the three months ended in Mar. 2026 was $50 Mil. Oji Holdings's Interest Expense for the three months ended in Mar. 2026 was $-23 Mil. Oji Holdings's interest coverage for the quarter that ended in Mar. 2026 was 2.19. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Oji Holdings Corp interest coverage is 2.98, which is low.

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

OJIPF' s Interest Coverage Range Over the Past 10 Years
Min: 2.98   Med: 11.61   Max: 17.95
Current: 2.98


OJIPF's Interest Coverage is ranked worse than
58.79% of 182 companies
in the Forest Products industry
Industry Median: 3.97 vs OJIPF: 2.98

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


Oji Holdings  (OTCPK:OJIPF) 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 .


Oji Holdings Interest Coverage Related Terms


Oji Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Oji Holdings'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.

Oji Holdings Interest Coverage Chart

Oji Holdings 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 17.95 13.44 10.72 7.90 2.98

Oji Holdings 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 3.97 1.52 4.78 3.52 2.19

Oji Holdings Interest Coverage Competitor Comparison

For the Paper & Paper Products subindustry, Oji Holdings'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.


Oji Holdings Interest Coverage vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Oji Holdings's Interest Coverage falls into.


OJIPF
70GF Score
Oji Holdings Corp OJIPF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Oji Holdings 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.

Oji Holdings'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, Oji Holdings's Interest Expense was $-73 Mil. Its Operating Income was $218 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,828 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*217.932/-73.039
=2.98

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

Here, for the three months ended in Mar. 2026, Oji Holdings's Interest Expense was $-23 Mil. Its Operating Income was $50 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,828 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*49.867/-22.781
=2.19

* 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 2.19 mean?
Oji Holdings (OJIPF) has a Interest Coverage of 2.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Oji Holdings and its competitors. This is 81% below median its historical median of 11.61. Over the past decade, Oji Holdings' Interest Coverage has ranged from 2.98 to 17.95. According to the industry distribution chart, Oji Holdings ranks #107 out of 182 companies in the Forest Products industry, placing it in the top 58.8%.
Is Oji Holdings' Interest Coverage too high?
Oji Holdings' current Interest Coverage of 2.19 is 81% below median its 10-year median of 11.61. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 17.95. The Forest Products industry median Interest Coverage is 3.97. Oji Holdings' value of 2.19 is 44.8% below this industry median. Based on the distribution chart, Oji Holdings ranks #107 out of 182 companies in the Forest Products industry, which is below the industry midpoint. Overall, Oji Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' Interest Coverage compare to competitors?
According to the Forest Products industry distribution chart, Oji Holdings ranks #107 out of 182 companies for Interest Coverage. This places Oji Holdings in the lower half of its industry. The industry median Interest Coverage is 3.97. Oji Holdings' value of 2.19 is 44.8% below this benchmark. Historically, Oji Holdings' own Interest Coverage has ranged from 2.98 to 17.95 over the past decade. While the company's 10-year median is 11.61 vs. the industry median of 3.97, Oji Holdings 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 a Forest Products company?
The median Interest Coverage among Forest Products companies is 3.97, based on 182 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. Oji Holdings's current Interest Coverage of 2.19 is 44.8% 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 Oji Holdings and its competitors. For the Forest Products industry, the median Interest Coverage is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current Interest Coverage is 2.19, which is 81% below median its own 10-year median of 11.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oji Holdings stock overvalued right now?
Oji Holdings (OJIPF) has a current Interest Coverage of 2.19. The stock's GF Value™ is $5.21, compared to a current price of $5.80 — trading 11.3% above its estimated fair value. The current Interest Coverage is 2.19, which is 81% below median its 10-year median of 11.61 and 44.8% below the Forest Products industry median of 3.97. Oji Holdings' overall GF Score™ is 70/100 with 7 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 Oji Holdings (OJIPF), the current Interest Coverage is 2.19 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 Oji Holdings (OJIPF) Overvalued in 2026?

Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued. The current stock price of $5.80 is trading 11.3% above its estimated GF Value™ of $5.21.

Key valuation signals for OJIPF:

  • Interest Coverage: 2.19 (81% below median its 10-year median of 11.61)
  • GF Value™: $5.21 vs. price of $5.80 (11.3% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 44.8% below the Forest Products median (#107 of 182)

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


Oji Holdings Business Description

Other Exchanges 3861:JapanOJI:Germany
Address 7-5 Ginza, 4-chome, Chuo-ku, Tokyo, JPN, 104-0061
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
70GF Score

Get the complete analysis for OJIPF

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

$5.80
Price
$5.21
GF Value