TSRCTPE:2103 66 Interest Coverage is 3.52 as of Dec. 2025, which is 46% below its 10-year median of 6.51. GuruFocus rates TPE:2103 with a GF Score™ of 66/100 and a GF Value™ of NT$26.59 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,232 Chemicals companies, TSRC ranks worse than 80.44% 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. TSRC's
Operating Income
for the
three
months ended in Dec. 2025 was NT$315 Mil. TSRC's Interest Expense for the
three
months ended in Dec. 2025 was NT$-89 Mil.
TSRC's interest coverage for the quarter that ended in Dec. 2025 was 3.52.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for TSRC's Interest Coverage or its related term are showing as below:
TPE:2103'
s Interest Coverage Range Over the Past 10 Years
Min: 2.6 Med: 6.51 Max: 35.49
Current: 2.6
TPE:2103's Interest Coverage is ranked worse than 80.44% of 1232
companies
in the Chemicals industry
Industry Median: 10.13
vs TPE:2103: 2.60
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 .
TSRC Interest Coverage Related Terms
TSRC Interest Coverage Historical Data
* Premium members only.
The historical data trend for TSRC'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.
TPE:2103 vs LIN, SHW, ECL: Interest Coverage Comparison
For the Specialty Chemicals subindustry, TSRC'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.
TSRC Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TSRC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where TSRC's Interest Coverage falls into.
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:
* 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.
TSRC (TPE:2103) has a Interest Coverage of 3.52 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TSRC and its competitors. This is 46% below median its historical median of 6.51. Over the past decade, TSRC's Interest Coverage has ranged from 2.60 to 35.49. According to the industry distribution chart, TSRC ranks #991 out of 1232 companies in the Chemicals industry, placing it in the top 80.4%.
Is TSRC's Interest Coverage too high?
TSRC's current Interest Coverage of 3.52 is 46% below median its 10-year median of 6.51. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 35.49. The Chemicals industry median Interest Coverage is 10.13. TSRC's value of 3.52 is 65.3% below this industry median. Based on the distribution chart, TSRC ranks #991 out of 1232 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, TSRC has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #991 out of 1232 companies for Interest Coverage. This places TSRC in the lower half of its industry. The industry median Interest Coverage is 10.13. TSRC's value of 3.52 is 65.3% below this benchmark. Historically, TSRC's own Interest Coverage has ranged from 2.60 to 35.49 over the past decade. While the company's 10-year median is 6.51 vs. the industry median of 10.13, TSRC 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.13, based on 1,232 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. TSRC's current Interest Coverage of 3.52 is 65.3% 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 TSRC and its competitors. For the Chemicals industry, the median Interest Coverage is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current Interest Coverage is 3.52, which is 46% below median its own 10-year median of 6.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.59, compared to a current price of NT$23.05 — trading 13.3% below its estimated fair value. The current Interest Coverage is 3.52, which is 46% below median its 10-year median of 6.51 and 65.3% below the Chemicals industry median of 10.13. TSRC's overall GF Score™ is 66/100 with 11 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 TSRC (TPE:2103), the current Interest Coverage is 3.52 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 TSRC (TPE:2103) Overvalued in 2026?
Based on GuruFocus' analysis, TSRC stock appears to be undervalued.
The current stock price of NT$23.05 is trading 13.3% below its estimated GF Value™ of NT$26.59.
GuruFocus considers TSRC to be Modestly Undervalued.
Key valuation signals for TPE:2103:
Interest Coverage: 3.52 (46% below median its 10-year median of 6.51)
GF Value™: NT$26.59 vs. price of NT$23.05 (13.3% below fair value)
Industry Position: 65.3% below the Chemicals median (#991 of 1232)
No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
66GF Score
Get the complete analysis for TPE:2103
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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