Prime Oil Chemical Service (TPE:2904) Interest Coverage: 3.86 (As of Mar. 2026) — 90% Below Median

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TPE:2904 Prime Oil Chemical Service Corp TPE:2904
71 GF Score
Price NT$12.75
GF Value NT$17.00
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Prime Oil Chemical Service Interest Coverage?

Prime Oil Chemical Service TPE:2904 -1.15% 71 Interest Coverage is 3.86 as of Mar. 2026, which is 90% below its 10-year median of 39.18. GuruFocus rates TPE:2904 with a GF Score™ of 71/100 and a GF Value™ of NT$17.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 746 Oil & Gas companies, Prime Oil Chemical Service ranks better than 50.54% 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. Prime Oil Chemical Service's Operating Income for the three months ended in Mar. 2026 was NT$7.6 Mil. Prime Oil Chemical Service's Interest Expense for the three months ended in Mar. 2026 was NT$-2.0 Mil. Prime Oil Chemical Service's interest coverage for the quarter that ended in Mar. 2026 was 3.86. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Prime Oil Chemical Service's Interest Coverage or its related term are showing as below:

TPE:2904' s Interest Coverage Range Over the Past 10 Years
Min: 4.59   Med: 39.18   Max: 145.41
Current: 6.43


TPE:2904's Interest Coverage is ranked better than
50.54% of 746 companies
in the Oil & Gas industry
Industry Median: 6.28 vs TPE:2904: 6.43

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


Prime Oil Chemical Service  (TPE:2904) 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 .


Prime Oil Chemical Service Interest Coverage Related Terms


Prime Oil Chemical Service Interest Coverage Historical Data

* Premium members only.

The historical data trend for Prime Oil Chemical Service'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.

Prime Oil Chemical Service Interest Coverage Chart

Prime Oil Chemical Service 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 42.37 23.34 4.59 9.42 7.32

Prime Oil Chemical Service Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.89 12.39 8.39 0.00 3.86

TPE:2904 vs SLB, BKR, FTI: Interest Coverage Comparison

For the Oil & Gas Equipment & Services subindustry, Prime Oil Chemical Service'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.


Prime Oil Chemical Service Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Prime Oil Chemical Service's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Prime Oil Chemical Service's Interest Coverage falls into.


TPE:2904
71GF Score
Prime Oil Chemical Service Corp TPE:2904
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prime Oil Chemical Service 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.

Prime Oil Chemical Service'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, Prime Oil Chemical Service's Interest Expense was NT$-10.6 Mil. Its Operating Income was NT$77.3 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$235.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*77.31/-10.56
=7.32

Prime Oil Chemical Service's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Prime Oil Chemical Service's Interest Expense was NT$-2.0 Mil. Its Operating Income was NT$7.6 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$215.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.614/-1.975
=3.86

* 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 3.86 mean?
Prime Oil Chemical Service (TPE:2904) has a Interest Coverage of 3.86 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Prime Oil Chemical Service and its competitors. This is 90% below median its historical median of 39.18. Over the past decade, Prime Oil Chemical Service's Interest Coverage has ranged from 4.59 to 145.41. According to the industry distribution chart, Prime Oil Chemical Service ranks #369 out of 746 companies in the Oil & Gas industry, placing it in the top 49.5%.
Is Prime Oil Chemical Service's Interest Coverage too high?
Prime Oil Chemical Service's current Interest Coverage of 3.86 is 90% below median its 10-year median of 39.18. Over the past 10 years, this metric has ranged from a low of 4.59 to a high of 145.41. The Oil & Gas industry median Interest Coverage is 6.28. Prime Oil Chemical Service's value of 3.86 is 38.5% below this industry median. Based on the distribution chart, Prime Oil Chemical Service ranks #369 out of 746 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Prime Oil Chemical Service has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prime Oil Chemical Service's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Prime Oil Chemical Service ranks #369 out of 746 companies for Interest Coverage. This puts Prime Oil Chemical Service in the upper half of its industry. The industry median Interest Coverage is 6.28. Prime Oil Chemical Service's value of 3.86 is 38.5% below this benchmark. Historically, Prime Oil Chemical Service's own Interest Coverage has ranged from 4.59 to 145.41 over the past decade. While the company's 10-year median is 39.18 vs. the industry median of 6.28, Prime Oil Chemical Service 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.28, based on 746 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. Prime Oil Chemical Service's current Interest Coverage of 3.86 is 38.5% 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 Prime Oil Chemical Service and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prime Oil Chemical Service's current Interest Coverage is 3.86, which is 90% below median its own 10-year median of 39.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prime Oil Chemical Service stock overvalued right now?
Based on GuruFocus' analysis, Prime Oil Chemical Service (TPE:2904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.00, compared to a current price of NT$12.75 — trading 25% below its estimated fair value. The current Interest Coverage is 3.86, which is 90% below median its 10-year median of 39.18 and 38.5% below the Oil & Gas industry median of 6.28. Prime Oil Chemical Service's overall GF Score™ is 71/100 with 7 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 Prime Oil Chemical Service (TPE:2904), the current Interest Coverage is 3.86 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 Prime Oil Chemical Service (TPE:2904) Overvalued in 2026?

Based on GuruFocus' analysis, Prime Oil Chemical Service stock appears to be undervalued. The current stock price of NT$12.75 is trading 25% below its estimated GF Value™ of NT$17.00. GuruFocus considers Prime Oil Chemical Service to be Modestly Undervalued.

Key valuation signals for TPE:2904:

  • Interest Coverage: 3.86 (90% below median its 10-year median of 39.18)
  • GF Value™: NT$17.00 vs. price of NT$12.75 (25% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 38.5% below the Oil & Gas median (#369 of 746)

No single metric tells the full story. See the TPE:2904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Prime Oil Chemical Service Business Description

Industry EnergyOil & Gas
Address No. 131, Minsheng East Road, 5th Floor, Section 3, Taipei, TWN
Prime Oil Chemical Service Corp is engaged in providing tank terminal services for oil and petrochemical storage, and the energy division. The firm also offers port facilities and ancillary equipment. The Company is engaged in chemical, oil tank storage and delivery services, and solar power generation business.
71GF Score

Get the complete analysis for TPE:2904

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

NT$12.75
Price
NT$17.00
GF Value