Hiyes International Co (TPE:2348) Interest Coverage: 5.15 (As of Dec. 2025) — 67% Below Median


TPE:2348 Hiyes International Co Ltd TPE:2348
74 GF Score
Price NT$76.10
GF Value NT$116.72
Valuation Possible Value Trap
! 11 Warning Signs
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What is Hiyes International Co Interest Coverage?

Hiyes International Co TPE:2348 +1.87% 74 Interest Coverage is 5.15 as of Dec. 2025, which is 67% below its 10-year median of 15.51. GuruFocus rates TPE:2348 with a GF Score™ of 74/100 and a GF Value™ of NT$116.72 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 1,301 Real Estate companies, Hiyes International Co ranks worse than 53.34% 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. Hiyes International Co's Operating Income for the three months ended in Dec. 2025 was NT$660 Mil. Hiyes International Co's Interest Expense for the three months ended in Dec. 2025 was NT$-128 Mil. Hiyes International Co's interest coverage for the quarter that ended in Dec. 2025 was 5.15. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hiyes International Co Ltd interest coverage is 3.78, which is low.

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

TPE:2348' s Interest Coverage Range Over the Past 10 Years
Min: 3.78   Med: 15.51   Max: 207.99
Current: 3.78


TPE:2348's Interest Coverage is ranked worse than
53.34% of 1301 companies
in the Real Estate industry
Industry Median: 4.25 vs TPE:2348: 3.78

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


Hiyes International Co  (TPE:2348) 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 .


Hiyes International Co Interest Coverage Related Terms


Hiyes International Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hiyes International 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.

Hiyes International Co Interest Coverage Chart

Hiyes International 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 18.99 11.20 10.36 12.03 3.78

Hiyes International 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 4.02 5.62 2.50 1.87 5.15

TPE:2348 vs CBRE, BEKE, JLL: Interest Coverage Comparison

For the Real Estate Services subindustry, Hiyes International 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.


Hiyes International Co Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hiyes International Co's Interest Coverage falls into.


TPE:2348
74GF Score
Hiyes International Co Ltd TPE:2348
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiyes International 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.

Hiyes International 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, Hiyes International Co's Interest Expense was NT$-475 Mil. Its Operating Income was NT$1,793 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$22,717 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1792.802/-474.626
=3.78

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

Here, for the three months ended in Dec. 2025, Hiyes International Co's Interest Expense was NT$-128 Mil. Its Operating Income was NT$660 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$22,717 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*660.262/-128.188
=5.15

* 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 5.15 mean?
Hiyes International Co (TPE:2348) has a Interest Coverage of 5.15 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hiyes International Co and its competitors. This is 67% below median its historical median of 15.51. Over the past decade, Hiyes International Co's Interest Coverage has ranged from 3.78 to 207.99. According to the industry distribution chart, Hiyes International Co ranks #694 out of 1301 companies in the Real Estate industry, placing it in the top 53.3%.
Is Hiyes International Co's Interest Coverage too high?
Hiyes International Co's current Interest Coverage of 5.15 is 67% below median its 10-year median of 15.51. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 207.99. The Real Estate industry median Interest Coverage is 4.25. Hiyes International Co's value of 5.15 is 21.2% above this industry median. Based on the distribution chart, Hiyes International Co ranks #694 out of 1301 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hiyes International Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hiyes International Co ranks #694 out of 1301 companies for Interest Coverage. This places Hiyes International Co in the lower half of its industry. The industry median Interest Coverage is 4.25. Hiyes International Co's value of 5.15 is 21.2% above this benchmark. Historically, Hiyes International Co's own Interest Coverage has ranged from 3.78 to 207.99 over the past decade. While the company's 10-year median is 15.51 vs. the industry median of 4.25, Hiyes International 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,301 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. Hiyes International Co's current Interest Coverage of 5.15 is 21.2% 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 Hiyes International Co and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiyes International Co's current Interest Coverage is 5.15, which is 67% below median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Possible Value Trap. The stock's GF Value™ is NT$116.72, compared to a current price of NT$76.10 — trading 34.8% below its estimated fair value. The current Interest Coverage is 5.15, which is 67% below median its 10-year median of 15.51 and 21.2% above the Real Estate industry median of 4.25. Hiyes International Co's overall GF Score™ is 74/100 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 Hiyes International Co (TPE:2348), the current Interest Coverage is 5.15 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 Hiyes International Co (TPE:2348) Overvalued in 2026?

Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued. The current stock price of NT$76.10 is trading 34.8% below its estimated GF Value™ of NT$116.72. GuruFocus considers Hiyes International Co to be Possible Value Trap.

Key valuation signals for TPE:2348:

  • Interest Coverage: 5.15 (67% below median its 10-year median of 15.51)
  • GF Value™: NT$116.72 vs. price of NT$76.10 (34.8% below fair value)
  • GF Score™: 74/100 with 11 warning signs
  • Industry Position: 21.2% above the Real Estate median (#694 of 1301)

No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiyes International Co Business Description

Address No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN
Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses.
74GF Score

Get the complete analysis for TPE:2348

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

NT$76.10
Price
NT$116.72
GF Value