TOPPY (Toppan Holdings) Interest Coverage: 8.27 (As of Mar. 2026) — 50% Below Median


TOPPY Toppan Holdings Inc TOPPY
80 GF Score
Price $16.00
GF Value $15.12
Valuation Fairly Valued
! 7 Warning Signs
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What is Toppan Holdings Interest Coverage?

Toppan Holdings TOPPY +4.92% 80 Interest Coverage is 8.27 as of Mar. 2026, which is 50% below its 10-year median of 16.69. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 7 warning signs investors should review. Among 427 Conglomerates companies, Toppan Holdings ranks better than 56.67% 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. Toppan Holdings's Operating Income for the three months ended in Mar. 2026 was $141 Mil. Toppan Holdings's Interest Expense for the three months ended in Mar. 2026 was $-17 Mil. Toppan Holdings's interest coverage for the quarter that ended in Mar. 2026 was 8.27. The higher the ratio, the stronger the company's financial strength is.

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

TOPPY' s Interest Coverage Range Over the Past 10 Years
Min: 7.56   Med: 16.69   Max: 22.65
Current: 7.56


TOPPY's Interest Coverage is ranked better than
56.67% of 427 companies
in the Conglomerates industry
Industry Median: 5.29 vs TOPPY: 7.56

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


Toppan Holdings  (OTCPK:TOPPY) 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 .


Toppan Holdings Interest Coverage Related Terms


Toppan Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Toppan 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.

Toppan Holdings Interest Coverage Chart

Toppan 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 18.44 17.80 14.22 15.76 7.56

Toppan 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 20.32 8.56 4.40 9.82 8.27

TOPPY vs HON, MMM: Interest Coverage Comparison

For the Conglomerates subindustry, Toppan 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.


Toppan Holdings Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toppan Holdings's Interest Coverage distribution charts can be found below:

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


TOPPY
80GF Score
Toppan Holdings Inc TOPPY
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Toppan 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.

Toppan 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, Toppan Holdings's Interest Expense was $-56 Mil. Its Operating Income was $423 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,391 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*422.938/-55.942
=7.56

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

Here, for the three months ended in Mar. 2026, Toppan Holdings's Interest Expense was $-17 Mil. Its Operating Income was $141 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,391 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*140.507/-16.996
=8.27

* 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 8.27 mean?
Toppan Holdings (TOPPY) has a Interest Coverage of 8.27 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Toppan Holdings and its competitors. This is 50% below median its historical median of 16.69. Over the past decade, Toppan Holdings' Interest Coverage has ranged from 7.56 to 22.65. According to the industry distribution chart, Toppan Holdings ranks #185 out of 427 companies in the Conglomerates industry, placing it in the top 43.3%.
Is Toppan Holdings' Interest Coverage too high?
Toppan Holdings' current Interest Coverage of 8.27 is 50% below median its 10-year median of 16.69. Over the past 10 years, this metric has ranged from a low of 7.56 to a high of 22.65. The Conglomerates industry median Interest Coverage is 5.29. Toppan Holdings' value of 8.27 is 56.3% above this industry median. Based on the distribution chart, Toppan Holdings ranks #185 out of 427 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' Interest Coverage compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toppan Holdings ranks #185 out of 427 companies for Interest Coverage. This puts Toppan Holdings in the upper half of its industry. The industry median Interest Coverage is 5.29. Toppan Holdings' value of 8.27 is 56.3% above this benchmark. Historically, Toppan Holdings' own Interest Coverage has ranged from 7.56 to 22.65 over the past decade. While the company's 10-year median is 16.69 vs. the industry median of 5.29, Toppan Holdings 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.29, based on 427 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. Toppan Holdings's current Interest Coverage of 8.27 is 56.3% 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 Toppan Holdings and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current Interest Coverage is 8.27, which is 50% below median its own 10-year median of 16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $16.00 — trading 5.8% above its estimated fair value. The current Interest Coverage is 8.27, which is 50% below median its 10-year median of 16.69 and 56.3% above the Conglomerates industry median of 5.29. Toppan Holdings' overall GF Score™ is 80/100 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 Toppan Holdings (TOPPY), the current Interest Coverage is 8.27 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 Toppan Holdings (TOPPY) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $16.00 is trading 5.8% above its estimated GF Value™ of $15.12. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TOPPY:

  • Interest Coverage: 8.27 (50% below median its 10-year median of 16.69)
  • GF Value™: $15.12 vs. price of $16.00 (5.8% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 56.3% above the Conglomerates median (#185 of 427)

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


Toppan Holdings Business Description

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
80GF Score

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

$16.00
Price
$15.12
GF Value