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. Tokyo Steel Manufacturing Co's
Operating Income
for the
three
months ended in Mar. 2026 was $-6 Mil. Tokyo Steel Manufacturing Co's Interest Expense for the
three
months ended in Mar. 2026 was $-0 Mil.
did not have earnings to cover the interest expense.
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. Tokyo Steel Manufacturing Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Tokyo Steel Manufacturing Co's Interest Coverage or its related term are showing as below:
TOKSF'
s Interest Coverage Range Over the Past 10 Years
Min: 53.56 Med: 886.77 Max: 2719.07
Current: 53.56
TOKSF's Interest Coverage is ranked better than 85.19% of 459
companies
in the Steel industry
Industry Median: 4.48
vs TOKSF: 53.56
Tokyo Steel Manufacturing Co (OTCPK:TOKSF) 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 .
Tokyo Steel Manufacturing Co Interest Coverage Related Terms
Tokyo Steel Manufacturing Co 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.
Tokyo Steel Manufacturing Co Interest Coverage Chart
TOKSF vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Tokyo Steel Manufacturing 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.
Tokyo Steel Manufacturing Co Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Tokyo Steel Manufacturing Co's Interest Coverage falls into.
Tokyo Steel Manufacturing 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:
Tokyo Steel Manufacturing Co 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?
Tokyo Steel Manufacturing Co (TOKSF) 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 Tokyo Steel Manufacturing Co and its competitors. Over the past decade, Tokyo Steel Manufacturing Co's Interest Coverage has ranged from 53.56 to 2,719.07. According to the industry distribution chart, Tokyo Steel Manufacturing Co ranks #68 out of 459 companies in the Steel industry, placing it in the top 14.8%.
Is Tokyo Steel Manufacturing Co's Interest Coverage too high?
Tokyo Steel Manufacturing Co's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 53.56 to a high of 2,719.07. Based on the distribution chart, Tokyo Steel Manufacturing Co ranks #68 out of 459 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Steel Manufacturing Co's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Tokyo Steel Manufacturing Co ranks #68 out of 459 companies for Interest Coverage. This places Tokyo Steel Manufacturing Co in the top 15% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.48. Historically, Tokyo Steel Manufacturing Co's own Interest Coverage has ranged from 53.56 to 2,719.07 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 Steel company?
The median Interest Coverage among Steel companies is 4.48, based on 459 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 Tokyo Steel Manufacturing Co and its competitors. For the Steel industry, the median Interest Coverage is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Steel Manufacturing Co'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 Tokyo Steel Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.75, compared to a current price of $9.11 — trading 17.5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Tokyo Steel Manufacturing Co's overall GF Score™ is 70/100 with 10 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 Tokyo Steel Manufacturing Co (TOKSF), 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 Tokyo Steel Manufacturing Co (TOKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued.
The current stock price of $9.11 is trading 17.5% above its estimated GF Value™ of $7.75.
GuruFocus considers Tokyo Steel Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TOKSF:
Interest Coverage: 0 (At Loss)
GF Value™: $7.75 vs. price of $9.11 (17.5% above fair value)
No single metric tells the full story. See the TOKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.
70GF Score
Get the complete analysis for TOKSF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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