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Iron Force Industrial Co (TPE:2228) Interest Coverage : 46.91 (As of Mar. 2025)


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What is Iron Force Industrial Co Interest Coverage?

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. Iron Force Industrial Co's Operating Income for the three months ended in Mar. 2025 was NT$137 Mil. Iron Force Industrial Co's Interest Expense for the three months ended in Mar. 2025 was NT$-3 Mil. Iron Force Industrial Co's interest coverage for the quarter that ended in Mar. 2025 was 46.91. The higher the ratio, the stronger the company's financial strength is.

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

TPE:2228' s Interest Coverage Range Over the Past 10 Years
Min: 22.31   Med: 126.22   Max: 589.85
Current: 35.07


TPE:2228's Interest Coverage is ranked better than
78.79% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs TPE:2228: 35.07

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


Iron Force Industrial Co Interest Coverage Historical Data

The historical data trend for Iron Force Industrial 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.

* Premium members only.

Iron Force Industrial Co Interest Coverage Chart

Iron Force Industrial Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.08 22.31 55.64 54.20 38.56

Iron Force Industrial Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 80.08 65.84 51.14 14.83 46.91

Competitive Comparison of Iron Force Industrial Co's Interest Coverage

For the Auto Parts subindustry, Iron Force Industrial 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.


Iron Force Industrial Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iron Force Industrial Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Iron Force Industrial Co's Interest Coverage falls into.


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Iron Force Industrial 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.

Iron Force Industrial Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Iron Force Industrial Co's Interest Expense was NT$-14 Mil. Its Operating Income was NT$525 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$311 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*524.75/-13.608
=38.56

Iron Force Industrial Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Iron Force Industrial Co's Interest Expense was NT$-3 Mil. Its Operating Income was NT$137 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$315 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*137.122/-2.923
=46.91

* 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.


Iron Force Industrial Co  (TPE:2228) 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 .


Iron Force Industrial Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Iron Force Industrial Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Iron Force Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
Xintai 5th Road, 19 Floor, No. 98, Sec. 1, Xizhi District, New Taipei City, TWN
Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. Geographically, the company generates a majority of its revenue from Mainland China and the rest from Taiwan and Europe.

Iron Force Industrial Co Headlines

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