Haewan International Development Co (ROCO:3252) Interest Coverage: 1.92 (As of Dec. 2025) — 170% Above Median

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ROCO:3252 Haewan International Development Co Ltd ROCO:3252
69 GF Score
Price NT$17.35
GF Value NT$18.60
Valuation Fairly Valued
! 7 Warning Signs
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What is Haewan International Development Co Interest Coverage?

Haewan International Development Co ROCO:3252 -0.29% 69 Interest Coverage is 1.92 as of Dec. 2025, which is 170% above its 10-year median of 0.71. GuruFocus rates ROCO:3252 with a GF Score™ of 69/100 and a GF Value™ of NT$18.60 (Fairly Valued). The stock has 7 warning signs investors should review. Among 607 Travel & Leisure companies, Haewan International Development Co ranks worse than 85.67% 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. Haewan International Development Co's Operating Income for the three months ended in Dec. 2025 was NT$29.6 Mil. Haewan International Development Co's Interest Expense for the three months ended in Dec. 2025 was NT$-15.4 Mil. Haewan International Development Co's interest coverage for the quarter that ended in Dec. 2025 was 1.92. 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. Haewan International Development Co Ltd interest coverage is 1.24, which is low.

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

ROCO:3252' s Interest Coverage Range Over the Past 10 Years
Min: 0.02   Med: 0.71   Max: 3.49
Current: 1.24


ROCO:3252's Interest Coverage is ranked worse than
85.67% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.35 vs ROCO:3252: 1.24

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


Haewan International Development Co  (ROCO:3252) 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 .


Haewan International Development Co Interest Coverage Related Terms


Haewan International Development Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Haewan International Development 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.

Haewan International Development Co Interest Coverage Chart

Haewan International Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.69 0.86 0.73 1.24

Haewan International Development Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.82 1.45 0.97 0.62 1.92

ROCO:3252 vs LVS, MGM, WYNN: Interest Coverage Comparison

For the Resorts & Casinos subindustry, Haewan International Development 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.


Haewan International Development Co Interest Coverage vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Haewan International Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Haewan International Development Co's Interest Coverage falls into.


ROCO:3252
69GF Score
Haewan International Development Co Ltd ROCO:3252
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Haewan International Development 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.

Haewan International Development 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, Haewan International Development Co's Interest Expense was NT$-62.3 Mil. Its Operating Income was NT$77.3 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,275.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*77.293/-62.331
=1.24

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

Here, for the three months ended in Dec. 2025, Haewan International Development Co's Interest Expense was NT$-15.4 Mil. Its Operating Income was NT$29.6 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,275.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*29.631/-15.432
=1.92

* 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 1.92 mean?
Haewan International Development Co (ROCO:3252) has a Interest Coverage of 1.92 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Haewan International Development Co and its competitors. This is 170% above median its historical median of 0.71. Over the past decade, Haewan International Development Co's Interest Coverage has ranged from 0.02 to 3.49. According to the industry distribution chart, Haewan International Development Co ranks #520 out of 607 companies in the Travel & Leisure industry, placing it in the top 85.7%.
Is Haewan International Development Co's Interest Coverage too high?
Haewan International Development Co's current Interest Coverage of 1.92 is 170% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 3.49. The Travel & Leisure industry median Interest Coverage is 5.35. Haewan International Development Co's value of 1.92 is 64.1% below this industry median. Based on the distribution chart, Haewan International Development Co ranks #520 out of 607 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Haewan International Development Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Haewan International Development Co's Interest Coverage compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Haewan International Development Co ranks #520 out of 607 companies for Interest Coverage. This places Haewan International Development Co in the lower half of its industry. The industry median Interest Coverage is 5.35. Haewan International Development Co's value of 1.92 is 64.1% below this benchmark. Historically, Haewan International Development Co's own Interest Coverage has ranged from 0.02 to 3.49 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 5.35, Haewan International Development 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 a Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 607 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. Haewan International Development Co's current Interest Coverage of 1.92 is 64.1% 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 Haewan International Development Co and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haewan International Development Co's current Interest Coverage is 1.92, which is 170% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haewan International Development Co stock overvalued right now?
Based on GuruFocus' analysis, Haewan International Development Co (ROCO:3252) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.60, compared to a current price of NT$17.35 — trading 6.7% below its estimated fair value. The current Interest Coverage is 1.92, which is 170% above median its 10-year median of 0.71 and 64.1% below the Travel & Leisure industry median of 5.35. Haewan International Development Co's overall GF Score™ is 69/100 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 Haewan International Development Co (ROCO:3252), the current Interest Coverage is 1.92 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 Haewan International Development Co (ROCO:3252) Overvalued in 2026?

Based on GuruFocus' analysis, Haewan International Development Co stock appears to be undervalued. The current stock price of NT$17.35 is trading 6.7% below its estimated GF Value™ of NT$18.60. GuruFocus considers Haewan International Development Co to be Fairly Valued.

Key valuation signals for ROCO:3252:

  • Interest Coverage: 1.92 (170% above median its 10-year median of 0.71)
  • GF Value™: NT$18.60 vs. price of NT$17.35 (6.7% below fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 64.1% below the Travel & Leisure median (#520 of 607)

No single metric tells the full story. See the ROCO:3252 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haewan International Development Co Business Description

Address No.22, Dahe Road, 3rd Floor, Minlongli, West District, Taichung, TWN, 403
Haewan International Development Co Ltd develops a residential property and operates hotels in Taiwan. The company's main business projects include (1) General hotel industry. (2) Residential and building development and leasing industry. (3) Real estate trading industry.
69GF Score

Get the complete analysis for ROCO:3252

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

NT$17.35
Price
NT$18.60
GF Value