China Glaze Co (TPE:1809) Interest Coverage: 2.38 (As of Dec. 2025) — 52% Above Median


TPE:1809 China Glaze Co Ltd TPE:1809
56 GF Score
Price NT$47.85
GF Value NT$18.57
Valuation Significantly Overvalued
! 3 Warning Signs
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What is China Glaze Co Interest Coverage?

China Glaze Co TPE:1809 -7.80% 56 Interest Coverage is 2.38 as of Dec. 2025, which is 52% above its 10-year median of 1.57. GuruFocus rates TPE:1809 with a GF Score™ of 56/100 and a GF Value™ of NT$18.57 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,351 Construction companies, China Glaze Co ranks worse than 87.64% 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. China Glaze Co's Operating Income for the three months ended in Dec. 2025 was NT$8 Mil. China Glaze Co's Interest Expense for the three months ended in Dec. 2025 was NT$-3 Mil. China Glaze Co's interest coverage for the quarter that ended in Dec. 2025 was 2.38. The higher the ratio, the stronger the company's financial strength is.

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

TPE:1809' s Interest Coverage Range Over the Past 10 Years
Min: 1.12   Med: 1.57   Max: 7.05
Current: 1.49


TPE:1809's Interest Coverage is ranked worse than
87.64% of 1351 companies
in the Construction industry
Industry Median: 7.81 vs TPE:1809: 1.49

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


China Glaze Co  (TPE:1809) 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 .


China Glaze Co Interest Coverage Related Terms


China Glaze Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for China Glaze 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.

China Glaze Co Interest Coverage Chart

China Glaze Co 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 0.00 1.64 0.00 1.12 1.49

China Glaze Co 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 0.00 0.93 3.12 0.00 2.38

TPE:1809 vs TT, JCI, CARR: Interest Coverage Comparison

For the Building Products & Equipment subindustry, China Glaze 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.


China Glaze Co Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, China Glaze Co's Interest Coverage distribution charts can be found below:

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


TPE:1809
56GF Score
China Glaze Co Ltd TPE:1809
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Glaze 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.

China Glaze 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, China Glaze Co's Interest Expense was NT$-15 Mil. Its Operating Income was NT$23 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$115 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*22.555/-15.087
=1.49

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

Here, for the three months ended in Dec. 2025, China Glaze Co's Interest Expense was NT$-3 Mil. Its Operating Income was NT$8 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$115 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*8.302/-3.487
=2.38

* 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 2.38 mean?
China Glaze Co (TPE:1809) has a Interest Coverage of 2.38 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on China Glaze Co and its competitors. This is 52% above median its historical median of 1.57. Over the past decade, China Glaze Co's Interest Coverage has ranged from 1.12 to 7.05. According to the industry distribution chart, China Glaze Co ranks #1184 out of 1351 companies in the Construction industry, placing it in the top 87.6%.
Is China Glaze Co's Interest Coverage too high?
China Glaze Co's current Interest Coverage of 2.38 is 52% above median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 7.05. The Construction industry median Interest Coverage is 7.81. China Glaze Co's value of 2.38 is 69.5% below this industry median. Based on the distribution chart, China Glaze Co ranks #1184 out of 1351 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, China Glaze Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Glaze Co's Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, China Glaze Co ranks #1184 out of 1351 companies for Interest Coverage. This places China Glaze Co in the lower half of its industry. The industry median Interest Coverage is 7.81. China Glaze Co's value of 2.38 is 69.5% below this benchmark. Historically, China Glaze Co's own Interest Coverage has ranged from 1.12 to 7.05 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 7.81, China Glaze Co has consistently been below 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 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. China Glaze Co's current Interest Coverage of 2.38 is 69.5% below 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 China Glaze Co and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Glaze Co's current Interest Coverage is 2.38, which is 52% above median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Glaze Co stock overvalued right now?
Based on GuruFocus' analysis, China Glaze Co (TPE:1809) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.57, compared to a current price of NT$47.85 — trading 157.7% above its estimated fair value. The current Interest Coverage is 2.38, which is 52% above median its 10-year median of 1.57 and 69.5% below the Construction industry median of 7.81. China Glaze Co's overall GF Score™ is 56/100 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 China Glaze Co (TPE:1809), the current Interest Coverage is 2.38 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 China Glaze Co (TPE:1809) Overvalued in 2026?

Based on GuruFocus' analysis, China Glaze Co stock appears to be overvalued. The current stock price of NT$47.85 is trading 157.7% above its estimated GF Value™ of NT$18.57. GuruFocus considers China Glaze Co to be Significantly Overvalued.

Key valuation signals for TPE:1809:

  • Interest Coverage: 2.38 (52% above median its 10-year median of 1.57)
  • GF Value™: NT$18.57 vs. price of NT$47.85 (157.7% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 69.5% below the Construction median (#1184 of 1351)

No single metric tells the full story. See the TPE:1809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Glaze Co Business Description

Address No. 136, Chung Hsing Road, Section 4, Zhudong Township, Hsinchu, TWN, 31061
China Glaze Co Ltd is engaged in mainly manufacturing and sales of various frit, glaze, pigments, ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.
56GF Score

Get the complete analysis for TPE:1809

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

NT$47.85
Price
NT$18.57
GF Value