Niching Industrial (ROCO:3444) Interest Coverage: 132.37 (As of Dec. 2025) — 45% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3444 Niching Industrial Corp ROCO:3444
64 GF Score
Price NT$75.10
GF Value NT$89.50
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Niching Industrial Interest Coverage?

Niching Industrial ROCO:3444 -3.72% 64 Interest Coverage is 132.37 as of Dec. 2025, which is 45% above its 10-year median of 91.58. GuruFocus rates ROCO:3444 with a GF Score™ of 64/100 and a GF Value™ of NT$89.50 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 637 Semiconductors companies, Niching Industrial ranks better than 80.22% 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. Niching Industrial's Operating Income for the three months ended in Dec. 2025 was NT$15 Mil. Niching Industrial's Interest Expense for the three months ended in Dec. 2025 was NT$-0 Mil. Niching Industrial's interest coverage for the quarter that ended in Dec. 2025 was 132.37. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Niching Industrial Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:3444' s Interest Coverage Range Over the Past 10 Years
Min: 43.68   Med: 91.58   Max: 185.02
Current: 167.12


ROCO:3444's Interest Coverage is ranked better than
80.22% of 637 companies
in the Semiconductors industry
Industry Median: 20.5 vs ROCO:3444: 167.12

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


Niching Industrial  (ROCO:3444) 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 .


Niching Industrial Interest Coverage Related Terms


Niching Industrial Interest Coverage Historical Data

* Premium members only.

The historical data trend for Niching Industrial'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.

Niching Industrial Interest Coverage Chart

Niching Industrial 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 52.20 60.99 70.86 155.74 167.12

Niching Industrial 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 90.45 184.07 239.08 101.04 132.37

ROCO:3444 vs AMAT, LRCX, KLAC: Interest Coverage Comparison

For the Semiconductor Equipment & Materials subindustry, Niching Industrial'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.


Niching Industrial Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Niching Industrial's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Niching Industrial's Interest Coverage falls into.


ROCO:3444
64GF Score
Niching Industrial Corp ROCO:3444
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Niching Industrial 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.

Niching Industrial'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, Niching Industrial's Interest Expense was NT$-0 Mil. Its Operating Income was NT$75 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*74.534/-0.446
=167.12

Niching Industrial's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Niching Industrial's Interest Expense was NT$-0 Mil. Its Operating Income was NT$15 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*15.223/-0.115
=132.37

* 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 132.37 mean?
Niching Industrial (ROCO:3444) has a Interest Coverage of 132.37 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Niching Industrial and its competitors. This is 45% above median its historical median of 91.58. Over the past decade, Niching Industrial's Interest Coverage has ranged from 43.68 to 185.02. According to the industry distribution chart, Niching Industrial ranks #126 out of 637 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Niching Industrial's Interest Coverage too high?
Niching Industrial's current Interest Coverage of 132.37 is 45% above median its 10-year median of 91.58. Over the past 10 years, this metric has ranged from a low of 43.68 to a high of 185.02. The Semiconductors industry median Interest Coverage is 20.50. Niching Industrial's value of 132.37 is 545.7% above this industry median. Based on the distribution chart, Niching Industrial ranks #126 out of 637 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Niching Industrial has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niching Industrial's Interest Coverage compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Niching Industrial ranks #126 out of 637 companies for Interest Coverage. This places Niching Industrial in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 20.50. Niching Industrial's value of 132.37 is 545.7% above this benchmark. Historically, Niching Industrial's own Interest Coverage has ranged from 43.68 to 185.02 over the past decade. While the company's 10-year median is 91.58 vs. the industry median of 20.50, Niching Industrial 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 a Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.50, based on 637 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. Niching Industrial's current Interest Coverage of 132.37 is 545.7% 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 Niching Industrial and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niching Industrial's current Interest Coverage is 132.37, which is 45% above median its own 10-year median of 91.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niching Industrial stock overvalued right now?
Based on GuruFocus' analysis, Niching Industrial (ROCO:3444) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$89.50, compared to a current price of NT$75.10 — trading 16.1% below its estimated fair value. The current Interest Coverage is 132.37, which is 45% above median its 10-year median of 91.58 and 545.7% above the Semiconductors industry median of 20.50. Niching Industrial'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 Niching Industrial (ROCO:3444), the current Interest Coverage is 132.37 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 Niching Industrial (ROCO:3444) Overvalued in 2026?

Based on GuruFocus' analysis, Niching Industrial stock appears to be undervalued. The current stock price of NT$75.10 is trading 16.1% below its estimated GF Value™ of NT$89.50. GuruFocus considers Niching Industrial to be Modestly Undervalued.

Key valuation signals for ROCO:3444:

  • Interest Coverage: 132.37 (45% above median its 10-year median of 91.58)
  • GF Value™: NT$89.50 vs. price of NT$75.10 (16.1% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 545.7% above the Semiconductors median (#126 of 637)

No single metric tells the full story. See the ROCO:3444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Niching Industrial Business Description

Address Room 5E, No.767, Sec 4, Taiwan Boulevard, 5th Floor, Taichung, Xitun District, Taichung, TWN
Niching Industrial Corp main business activities include the import, export, trading, and manufacturing of various raw materials, components, and equipment required for the semiconductor and optoelectronic industries. Its revenue is generated from Semiconductor products, Optoelectronics products, and others. Semiconductor products generate maximum revenue.
64GF Score

Get the complete analysis for ROCO:3444

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

NT$75.10
Price
NT$89.50
GF Value