Test ResearchTPE:3030 +2.06%92 Interest Coverage is 1,303.73 as of Dec. 2025, which is 27% above its 10-year median of 1,028.97. GuruFocus rates TPE:3030 with a GF Score™ of 92/100 and a GF Value™ of NT$175.88 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,672 Hardware companies, Test Research ranks better than 94.62% 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. Test Research's
Operating Income
for the
three
months ended in Dec. 2025 was NT$714 Mil. Test Research's Interest Expense for the
three
months ended in Dec. 2025 was NT$-1 Mil.
Test Research's interest coverage for the quarter that ended in Dec. 2025 was 1,303.73.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Test Research Inc has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Test Research's Interest Coverage or its related term are showing as below:
TPE:3030'
s Interest Coverage Range Over the Past 10 Years
Min: 437.57 Med: 1028.97 Max: 27327.66
Current: 1215.64
TPE:3030's Interest Coverage is ranked better than 94.62% of 1672
companies
in the Hardware industry
Industry Median: 13.73
vs TPE:3030: 1215.64
Test Research (TPE:3030) 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 .
Test Research Interest Coverage Related Terms
Test Research Interest Coverage Historical Data
* Premium members only.
The historical data trend for Test Research'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:3030 vs COHR, KEYS, GRMN: Interest Coverage Comparison
For the Scientific & Technical Instruments subindustry, Test Research'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.
Test Research Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Test Research's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Test Research's Interest Coverage falls into.
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.
Test Research (TPE:3030) has a Interest Coverage of 1,303.73 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Test Research and its competitors. This is 27% above median its historical median of 1,028.97. Over the past decade, Test Research's Interest Coverage has ranged from 437.57 to 27,327.66. According to the industry distribution chart, Test Research ranks #90 out of 1672 companies in the Hardware industry, placing it in the top 5.4%.
Is Test Research's Interest Coverage too high?
Test Research's current Interest Coverage of 1,303.73 is 27% above median its 10-year median of 1,028.97. Over the past 10 years, this metric has ranged from a low of 437.57 to a high of 27,327.66. The Hardware industry median Interest Coverage is 13.73. Test Research's value of 1,303.73 is 9395.5% above this industry median. Based on the distribution chart, Test Research ranks #90 out of 1672 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Test Research has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Research's Interest Coverage compare to COHR and KEYS?
According to the Hardware industry distribution chart, Test Research ranks #90 out of 1672 companies for Interest Coverage. This places Test Research in the top 5% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 13.73. Test Research's value of 1,303.73 is 9395.5% above this benchmark. Historically, Test Research's own Interest Coverage has ranged from 437.57 to 27,327.66 over the past decade. While the company's 10-year median is 1,028.97 vs. the industry median of 13.73, Test Research 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 Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,672 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. Test Research's current Interest Coverage of 1,303.73 is 9395.5% 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 Test Research and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Test Research's current Interest Coverage is 1,303.73, which is 27% above median its own 10-year median of 1,028.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Research stock overvalued right now?
Based on GuruFocus' analysis, Test Research (TPE:3030) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.88, compared to a current price of NT$321.50 — trading 82.8% above its estimated fair value. The current Interest Coverage is 1,303.73, which is 27% above median its 10-year median of 1,028.97 and 9395.5% above the Hardware industry median of 13.73. Test Research's overall GF Score™ is 92/100 with 1 warning sign 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 Test Research (TPE:3030), the current Interest Coverage is 1,303.73 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 Test Research (TPE:3030) Overvalued in 2026?
Based on GuruFocus' analysis, Test Research stock appears to be overvalued.
The current stock price of NT$321.50 is trading 82.8% above its estimated GF Value™ of NT$175.88.
GuruFocus considers Test Research to be Significantly Overvalued.
Key valuation signals for TPE:3030:
Interest Coverage: 1,303.73 (27% above median its 10-year median of 1,028.97)
GF Value™: NT$175.88 vs. price of NT$321.50 (82.8% above fair value)
Industry Position: 9395.5% above the Hardware median (#90 of 1672)
No single metric tells the full story. See the TPE:3030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, selling, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
92GF Score
Get the complete analysis for TPE:3030
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:3030 has been successfully added to your 
