TOYO (Toyo Co) Interest Coverage: 32.01 (As of Dec. 2025) — 772% Above Median


TOYO Toyo Co Ltd TOYO
21 GF Score
Price $7.23
! 2 Warning Signs
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What is Toyo Co Interest Coverage?

Toyo Co TOYO -1.63% 21 Interest Coverage is 32.01 as of Dec. 2025, which is 772% above its 10-year median of 3.67. GuruFocus rates TOYO with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 638 Semiconductors companies, Toyo Co ranks worse than 53.29% 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. Toyo Co's Operating Income for the six months ended in Dec. 2025 was $49.4 Mil. Toyo Co's Interest Expense for the six months ended in Dec. 2025 was $-1.5 Mil. Toyo Co's interest coverage for the quarter that ended in Dec. 2025 was 32.01. The higher the ratio, the stronger the company's financial strength is.

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

TOYO' s Interest Coverage Range Over the Past 10 Years
Min: 2.71   Med: 3.67   Max: 17.79
Current: 17.79

TOYO's Interest Coverage is ranked worse than
53.29% of 638 companies
in the Semiconductors industry
Industry Median: 20.225 vs TOYO: 17.79

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

Toyo Co  (NAS:TOYO) 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 .

Toyo Co Interest Coverage Related Terms

Toyo Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Toyo 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.

Toyo Co Interest Coverage Chart

Toyo Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Interest Coverage
N/A 3.67 2.71 17.79

Toyo Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage Get a 7-Day Free Trial 4.44 12.70 0.00 5.44 32.01

TOYO vs TYGO, SPWR, HYSR: Interest Coverage Comparison

For the Solar subindustry, Toyo 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.

Toyo Co Interest Coverage vs Semiconductors Industry

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

* The bar in red indicates where Toyo Co's Interest Coverage falls into.


TOYO
21GF Score
Toyo Co Ltd TOYO
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyo 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.

Toyo 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, Toyo Co's Interest Expense was $-3.3 Mil. Its Operating Income was $59.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $34.5 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*59.037/-3.319
=17.79

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

Here, for the six months ended in Dec. 2025, Toyo Co's Interest Expense was $-1.5 Mil. Its Operating Income was $49.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $34.5 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*49.362/-1.542
=32.01

* 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 32.01 mean?
Toyo Co (TOYO) has a Interest Coverage of 32.01 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Toyo Co and its competitors. This is 772% above median its historical median of 3.67. Over the past decade, Toyo Co's Interest Coverage has ranged from 2.71 to 17.79. According to the industry distribution chart, Toyo Co ranks #340 out of 638 companies in the Semiconductors industry, placing it in the top 53.3%.
Is Toyo Co's Interest Coverage too high?
Toyo Co's current Interest Coverage of 32.01 is 772% above median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 17.79. The Semiconductors industry median Interest Coverage is 20.23. Toyo Co's value of 32.01 is 58.3% above this industry median. Based on the distribution chart, Toyo Co ranks #340 out of 638 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Toyo Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Toyo Co's Interest Coverage compare to TYGO and SPWR?
According to the Semiconductors industry distribution chart, Toyo Co ranks #340 out of 638 companies for Interest Coverage. This places Toyo Co in the lower half of its industry. The industry median Interest Coverage is 20.23. Toyo Co's value of 32.01 is 58.3% above this benchmark. Historically, Toyo Co's own Interest Coverage has ranged from 2.71 to 17.79 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 20.23, Toyo Co 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 20.23, based on 638 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. Toyo Co's current Interest Coverage of 32.01 is 58.3% 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 Toyo Co and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Co's current Interest Coverage is 32.01, which is 772% above median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Co stock overvalued right now?
Toyo Co (TOYO) has a current Interest Coverage of 32.01. The current Interest Coverage is 32.01, which is 772% above median its 10-year median of 3.67 and 58.3% above the Semiconductors industry median of 20.23. Toyo Co's overall GF Score™ is 21/100 with 2 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 Toyo Co (TOYO), the current Interest Coverage is 32.01 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.

Toyo Co Business Description

Address Tennoz First Tower, 16 Floor, 2-2-4, Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002
Toyo Co Ltd, along with its subsidiaries, is engaged in research and development, production, and sales of solar cells and solar modules and related businesses. The company operates across the solar value chain, including upstream wafer and silicon manufacturing, midstream solar cell production, and downstream photovoltaic (PV) module production. It generated revenues from sales of solar cells, solar modules and provision of facilitation services. Geographically, the company derived the majority of the revenue from the USA.
21GF Score

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