Ve Wong (TPE:1203) Interest Coverage: 25.12 (As of Dec. 2025) — 60% Below Median


TPE:1203 Ve Wong Corp TPE:1203
80 GF Score
Price NT$43.15
GF Value NT$36.21
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Ve Wong Interest Coverage?

Ve Wong TPE:1203 -0.58% 80 Interest Coverage is 25.12 as of Dec. 2025, which is 60% below its 10-year median of 62.27. GuruFocus rates TPE:1203 with a GF Score™ of 80/100 and a GF Value™ of NT$36.21 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,504 Consumer Packaged Goods companies, Ve Wong ranks better than 72.41% 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. Ve Wong's Operating Income for the three months ended in Dec. 2025 was NT$186 Mil. Ve Wong's Interest Expense for the three months ended in Dec. 2025 was NT$-7 Mil. Ve Wong's interest coverage for the quarter that ended in Dec. 2025 was 25.12. The higher the ratio, the stronger the company's financial strength is.

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

TPE:1203' s Interest Coverage Range Over the Past 10 Years
Min: 34.36   Med: 62.27   Max: 89.15
Current: 34.36


TPE:1203's Interest Coverage is ranked better than
72.41% of 1504 companies
in the Consumer Packaged Goods industry
Industry Median: 8.585 vs TPE:1203: 34.36

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


Ve Wong  (TPE:1203) 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 .


Ve Wong Interest Coverage Related Terms


Ve Wong Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ve Wong'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.

Ve Wong Interest Coverage Chart

Ve Wong 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 60.30 48.95 38.21 47.74 34.36

Ve Wong 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 53.53 54.16 28.14 34.28 25.12

TPE:1203 vs KHC, GIS: Interest Coverage Comparison

For the Packaged Foods subindustry, Ve Wong'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.


Ve Wong Interest Coverage vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ve Wong's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ve Wong's Interest Coverage falls into.


TPE:1203
80GF Score
Ve Wong Corp TPE:1203
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ve Wong 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.

Ve Wong'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, Ve Wong's Interest Expense was NT$-27 Mil. Its Operating Income was NT$935 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$194 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*934.927/-27.208
=34.36

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

Here, for the three months ended in Dec. 2025, Ve Wong's Interest Expense was NT$-7 Mil. Its Operating Income was NT$186 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$194 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*186.321/-7.416
=25.12

* 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 25.12 mean?
Ve Wong (TPE:1203) has a Interest Coverage of 25.12 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ve Wong and its competitors. This is 60% below median its historical median of 62.27. Over the past decade, Ve Wong's Interest Coverage has ranged from 34.36 to 89.15. According to the industry distribution chart, Ve Wong ranks #415 out of 1504 companies in the Consumer Packaged Goods industry, placing it in the top 27.6%.
Is Ve Wong's Interest Coverage too high?
Ve Wong's current Interest Coverage of 25.12 is 60% below median its 10-year median of 62.27. Over the past 10 years, this metric has ranged from a low of 34.36 to a high of 89.15. The Consumer Packaged Goods industry median Interest Coverage is 8.59. Ve Wong's value of 25.12 is 192.6% above this industry median. Based on the distribution chart, Ve Wong ranks #415 out of 1504 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ve Wong has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ve Wong's Interest Coverage compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ve Wong ranks #415 out of 1504 companies for Interest Coverage. This puts Ve Wong in the upper half of its industry. The industry median Interest Coverage is 8.59. Ve Wong's value of 25.12 is 192.6% above this benchmark. Historically, Ve Wong's own Interest Coverage has ranged from 34.36 to 89.15 over the past decade. While the company's 10-year median is 62.27 vs. the industry median of 8.59, Ve Wong 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 Consumer Packaged Goods company?
The median Interest Coverage among Consumer Packaged Goods companies is 8.59, based on 1,504 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. Ve Wong's current Interest Coverage of 25.12 is 192.6% 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 Ve Wong and its competitors. For the Consumer Packaged Goods industry, the median Interest Coverage is 8.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ve Wong's current Interest Coverage is 25.12, which is 60% below median its own 10-year median of 62.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ve Wong stock overvalued right now?
Based on GuruFocus' analysis, Ve Wong (TPE:1203) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$36.21, compared to a current price of NT$43.15 — trading 19.2% above its estimated fair value. The current Interest Coverage is 25.12, which is 60% below median its 10-year median of 62.27 and 192.6% above the Consumer Packaged Goods industry median of 8.59. Ve Wong's overall GF Score™ is 80/100 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 Ve Wong (TPE:1203), the current Interest Coverage is 25.12 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 Ve Wong (TPE:1203) Overvalued in 2026?

Based on GuruFocus' analysis, Ve Wong stock appears to be overvalued. The current stock price of NT$43.15 is trading 19.2% above its estimated GF Value™ of NT$36.21. GuruFocus considers Ve Wong to be Modestly Overvalued.

Key valuation signals for TPE:1203:

  • Interest Coverage: 25.12 (60% below median its 10-year median of 62.27)
  • GF Value™: NT$36.21 vs. price of NT$43.15 (19.2% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 192.6% above the Consumer Packaged Goods median (#415 of 1504)

No single metric tells the full story. See the TPE:1203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ve Wong Business Description

Address No. 79, Section 2, Zhongshan North Road, 6th Floor, Taipei, TWN
Ve Wong Corp manufactures and distributes food products. The company is engaged in the production and sales of monosodium glutamate, soy sauce, instant noodles, canned food, and beverages, as well as residential and building development, leasing and sales, industrial plant development, leasing and sales, investment and construction of public construction, and import of foreign tobacco, alcohol, and beverages. The operating segments of the company are; the Condiment business, Fast food business, and others. The majority of its revenue is generated from the Condiment business.
80GF Score

Get the complete analysis for TPE:1203

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

NT$43.15
Price
NT$36.21
GF Value