United MicroelectronicsTPE:2303 +2.74%73 Interest Coverage is 31.69 as of Mar. 2026, which is 69% above its 10-year median of 18.79. GuruFocus rates TPE:2303 with a GF Score™ of 73/100 and a GF Value™ of NT$50.88 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 636 Semiconductors companies, United Microelectronics ranks better than 55.97% 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. United Microelectronics's
Operating Income
for the
three
months ended in Mar. 2026 was NT$11,219 Mil. United Microelectronics's Interest Expense for the
three
months ended in Mar. 2026 was NT$-354 Mil.
United Microelectronics's interest coverage for the quarter that ended in Mar. 2026 was 31.69.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for United Microelectronics's Interest Coverage or its related term are showing as below:
TPE:2303'
s Interest Coverage Range Over the Past 10 Years
Min: 1.83 Med: 18.79 Max: 58.04
Current: 30.96
TPE:2303's Interest Coverage is ranked better than 55.97% of 636
companies
in the Semiconductors industry
Industry Median: 20.225
vs TPE:2303: 30.96
United Microelectronics (TPE:2303) 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 .
United Microelectronics Interest Coverage Related Terms
United Microelectronics Interest Coverage Historical Data
* Premium members only.
The historical data trend for United Microelectronics'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:2303 vs NVDA, AVGO, MU: Interest Coverage Comparison
For the Semiconductors subindustry, United Microelectronics'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.
United Microelectronics Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, United Microelectronics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where United Microelectronics's Interest Coverage falls into.
United Microelectronics 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.
United Microelectronics (TPE:2303) has a Interest Coverage of 31.69 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on United Microelectronics and its competitors. This is 69% above median its historical median of 18.79. Over the past decade, United Microelectronics' Interest Coverage has ranged from 1.83 to 58.04. According to the industry distribution chart, United Microelectronics ranks #280 out of 636 companies in the Semiconductors industry, placing it in the top 44%.
Is United Microelectronics' Interest Coverage too high?
United Microelectronics' current Interest Coverage of 31.69 is 69% above median its 10-year median of 18.79. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 58.04. The Semiconductors industry median Interest Coverage is 20.23. United Microelectronics' value of 31.69 is 56.7% above this industry median. Based on the distribution chart, United Microelectronics ranks #280 out of 636 companies in the Semiconductors industry, which is above the industry midpoint. Overall, United Microelectronics has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Microelectronics' Interest Coverage compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, United Microelectronics ranks #280 out of 636 companies for Interest Coverage. This puts United Microelectronics in the upper half of its industry. The industry median Interest Coverage is 20.23. United Microelectronics' value of 31.69 is 56.7% above this benchmark. Historically, United Microelectronics' own Interest Coverage has ranged from 1.83 to 58.04 over the past decade. While the company's 10-year median is 18.79 vs. the industry median of 20.23, United Microelectronics 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 636 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. United Microelectronics's current Interest Coverage of 31.69 is 56.7% 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 United Microelectronics and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Microelectronics's current Interest Coverage is 31.69, which is 69% above median its own 10-year median of 18.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, United Microelectronics (TPE:2303) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$50.88, compared to a current price of NT$169.00 — trading 232.2% above its estimated fair value. The current Interest Coverage is 31.69, which is 69% above median its 10-year median of 18.79 and 56.7% above the Semiconductors industry median of 20.23. United Microelectronics' overall GF Score™ is 73/100 with 9 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 United Microelectronics (TPE:2303), the current Interest Coverage is 31.69 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 United Microelectronics (TPE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued.
The current stock price of NT$169.00 is trading 232.2% above its estimated GF Value™ of NT$50.88.
GuruFocus considers United Microelectronics to be Significantly Overvalued.
Key valuation signals for TPE:2303:
Interest Coverage: 31.69 (69% above median its 10-year median of 18.79)
GF Value™: NT$50.88 vs. price of NT$169.00 (232.2% above fair value)
Industry Position: 56.7% above the Semiconductors median (#280 of 636)
No single metric tells the full story. See the TPE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with close to 5% market share in 2025 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025.
73GF Score
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