Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hwa Fong Rubber Ind CoTPE:2109 72 Interest Coverage is 10.57 as of Mar. 2026, which is 4% above its 10-year median of 10.21. GuruFocus rates TPE:2109 with a GF Score™ of 72/100 and a GF Value™ of NT$14.74 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,059 Vehicles & Parts companies, Hwa Fong Rubber Ind Co ranks better than 57.03% 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. Hwa Fong Rubber Ind Co's
Operating Income
for the
three
months ended in Mar. 2026 was NT$120 Mil. Hwa Fong Rubber Ind Co's Interest Expense for the
three
months ended in Mar. 2026 was NT$-11 Mil.
Hwa Fong Rubber Ind Co's interest coverage for the quarter that ended in Mar. 2026 was 10.57.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Hwa Fong Rubber Ind Co's Interest Coverage or its related term are showing as below:
TPE:2109'
s Interest Coverage Range Over the Past 10 Years
Min: 1.23 Med: 10.21 Max: 18.96
Current: 10.65
TPE:2109's Interest Coverage is ranked better than 57.03% of 1059
companies
in the Vehicles & Parts industry
Industry Median: 8.41
vs TPE:2109: 10.65
Hwa Fong Rubber Ind Co (TPE:2109) 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 .
Hwa Fong Rubber Ind Co Interest Coverage Related Terms
Hwa Fong Rubber Ind Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Hwa Fong Rubber Ind 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.
TPE:2109 vs ORLY, AZO: Interest Coverage Comparison
For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.
Hwa Fong Rubber Ind Co Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber Ind Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Hwa Fong Rubber Ind Co's Interest Coverage falls into.
Hwa Fong Rubber Ind 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:
* 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.
Hwa Fong Rubber Ind Co (TPE:2109) has a Interest Coverage of 10.57 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hwa Fong Rubber Ind Co and its competitors. This is near median its historical median of 10.21. Over the past decade, Hwa Fong Rubber Ind Co's Interest Coverage has ranged from 1.23 to 18.96. According to the industry distribution chart, Hwa Fong Rubber Ind Co ranks #455 out of 1059 companies in the Vehicles & Parts industry, placing it in the top 43%.
Is Hwa Fong Rubber Ind Co's Interest Coverage too high?
Hwa Fong Rubber Ind Co's current Interest Coverage of 10.57 is near median its 10-year median of 10.21. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 18.96. The Vehicles & Parts industry median Interest Coverage is 8.41. Hwa Fong Rubber Ind Co's value of 10.57 is 25.7% above this industry median. Based on the distribution chart, Hwa Fong Rubber Ind Co ranks #455 out of 1059 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Hwa Fong Rubber Ind Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hwa Fong Rubber Ind Co's Interest Coverage compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hwa Fong Rubber Ind Co ranks #455 out of 1059 companies for Interest Coverage. This puts Hwa Fong Rubber Ind Co in the upper half of its industry. The industry median Interest Coverage is 8.41. Hwa Fong Rubber Ind Co's value of 10.57 is 25.7% above this benchmark. Historically, Hwa Fong Rubber Ind Co's own Interest Coverage has ranged from 1.23 to 18.96 over the past decade. While the company's 10-year median is 10.21 vs. the industry median of 8.41, Hwa Fong Rubber Ind 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.41, based on 1,059 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. Hwa Fong Rubber Ind Co's current Interest Coverage of 10.57 is 25.7% 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 Hwa Fong Rubber Ind Co and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwa Fong Rubber Ind Co's current Interest Coverage is 10.57, which is near median its own 10-year median of 10.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Fong Rubber Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co (TPE:2109) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.74, compared to a current price of NT$14.40 — trading 2.3% below its estimated fair value. The current Interest Coverage is 10.57, which is near median its 10-year median of 10.21 and 25.7% above the Vehicles & Parts industry median of 8.41. Hwa Fong Rubber Ind Co's overall GF Score™ is 72/100 with 6 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 Hwa Fong Rubber Ind Co (TPE:2109), the current Interest Coverage is 10.57 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 Hwa Fong Rubber Ind Co (TPE:2109) Overvalued in 2026?
Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co stock appears to be undervalued.
The current stock price of NT$14.40 is trading 2.3% below its estimated GF Value™ of NT$14.74.
GuruFocus considers Hwa Fong Rubber Ind Co to be Fairly Valued.
Key valuation signals for TPE:2109:
Interest Coverage: 10.57 (near median its 10-year median of 10.21)
GF Value™: NT$14.74 vs. price of NT$14.40 (2.3% below fair value)
Industry Position: 25.7% above the Vehicles & Parts median (#455 of 1059)
No single metric tells the full story. See the TPE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company engaged in the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. The company is engaged in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks, and radial tires. The company's reportable segments from a geographical perspective are Taiwan, Thailand, the United States of America, China and Other areas. The company generates the majority of its revenue from Other Areas.
72GF Score
Get the complete analysis for TPE:2109
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2109 has been successfully added to your 
