In Win Development (TPE:6117) Interest Coverage: 7.38 (As of Dec. 2025) — 21% Above Median


TPE:6117 In Win Development Inc TPE:6117
70 GF Score
Price NT$72.40
GF Value NT$95.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is In Win Development Interest Coverage?

In Win Development TPE:6117 70 Interest Coverage is 7.38 as of Dec. 2025, which is 21% above its 10-year median of 6.10. GuruFocus rates TPE:6117 with a GF Score™ of 70/100 and a GF Value™ of NT$95.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,678 Hardware companies, In Win Development ranks worse than 60.91% 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. In Win Development's Operating Income for the three months ended in Dec. 2025 was NT$129 Mil. In Win Development's Interest Expense for the three months ended in Dec. 2025 was NT$-18 Mil. In Win Development's interest coverage for the quarter that ended in Dec. 2025 was 7.38. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for In Win Development's Interest Coverage or its related term are showing as below:

TPE:6117' s Interest Coverage Range Over the Past 10 Years
Min: 0.39   Med: 6.1   Max: 9.32
Current: 8.74


TPE:6117's Interest Coverage is ranked worse than
60.91% of 1678 companies
in the Hardware industry
Industry Median: 13.645 vs TPE:6117: 8.74

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


In Win Development  (TPE:6117) 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 .


In Win Development Interest Coverage Related Terms


In Win Development Interest Coverage Historical Data

* Premium members only.

The historical data trend for In Win Development'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.

In Win Development Interest Coverage Chart

In Win Development 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 0.00 0.39 3.46 9.32 8.74

In Win Development 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 9.01 5.98 12.61 9.24 7.38

TPE:6117 vs SNDK, DELL, STX: Interest Coverage Comparison

For the Computer Hardware subindustry, In Win Development'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.


In Win Development Interest Coverage vs Hardware Industry

For the Hardware industry and Technology sector, In Win Development's Interest Coverage distribution charts can be found below:

* The bar in red indicates where In Win Development's Interest Coverage falls into.


TPE:6117
70GF Score
In Win Development Inc TPE:6117
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

In Win Development 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.

In Win Development'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, In Win Development's Interest Expense was NT$-53 Mil. Its Operating Income was NT$465 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$2,217 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*465.477/-53.268
=8.74

In Win Development's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, In Win Development's Interest Expense was NT$-18 Mil. Its Operating Income was NT$129 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$2,217 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*129.358/-17.54
=7.38

* 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 7.38 mean?
In Win Development (TPE:6117) has a Interest Coverage of 7.38 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on In Win Development and its competitors. This is 21% above median its historical median of 6.10. Over the past decade, In Win Development's Interest Coverage has ranged from 0.39 to 9.32. According to the industry distribution chart, In Win Development ranks #1022 out of 1678 companies in the Hardware industry, placing it in the top 60.9%.
Is In Win Development's Interest Coverage too high?
In Win Development's current Interest Coverage of 7.38 is 21% above median its 10-year median of 6.10. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 9.32. The Hardware industry median Interest Coverage is 13.65. In Win Development's value of 7.38 is 45.9% below this industry median. Based on the distribution chart, In Win Development ranks #1022 out of 1678 companies in the Hardware industry, which is below the industry midpoint. Overall, In Win Development has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does In Win Development's Interest Coverage compare to SNDK and DELL?
According to the Hardware industry distribution chart, In Win Development ranks #1022 out of 1678 companies for Interest Coverage. This places In Win Development in the lower half of its industry. The industry median Interest Coverage is 13.65. In Win Development's value of 7.38 is 45.9% below this benchmark. Historically, In Win Development's own Interest Coverage has ranged from 0.39 to 9.32 over the past decade. While the company's 10-year median is 6.10 vs. the industry median of 13.65, In Win Development 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 a Hardware company?
The median Interest Coverage among Hardware companies is 13.65, based on 1,678 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. In Win Development's current Interest Coverage of 7.38 is 45.9% 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 In Win Development and its competitors. For the Hardware industry, the median Interest Coverage is 13.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. In Win Development's current Interest Coverage is 7.38, which is 21% above median its own 10-year median of 6.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is In Win Development stock overvalued right now?
Based on GuruFocus' analysis, In Win Development (TPE:6117) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$95.70, compared to a current price of NT$72.40 — trading 24.3% below its estimated fair value. The current Interest Coverage is 7.38, which is 21% above median its 10-year median of 6.10 and 45.9% below the Hardware industry median of 13.65. In Win Development's overall GF Score™ is 70/100 with 5 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 In Win Development (TPE:6117), the current Interest Coverage is 7.38 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 In Win Development (TPE:6117) Overvalued in 2026?

Based on GuruFocus' analysis, In Win Development stock appears to be undervalued. The current stock price of NT$72.40 is trading 24.3% below its estimated GF Value™ of NT$95.70. GuruFocus considers In Win Development to be Modestly Undervalued.

Key valuation signals for TPE:6117:

  • Interest Coverage: 7.38 (21% above median its 10-year median of 6.10)
  • GF Value™: NT$95.70 vs. price of NT$72.40 (24.3% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 45.9% below the Hardware median (#1022 of 1678)

No single metric tells the full story. See the TPE:6117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


In Win Development Business Description

Address No. 57, Lane 350, Nan Shang Road, Guishan District, Taoyuan, TWN
In Win Development Inc is engaged in the processing, manufacturing, and trading of computer and peripheral equipment, plastic products, etc., and the manufacturing, baking, and trading of mechanical hardware parts. Its products include Gaming Chassis, Computer Chassis, Gaming Power Supply, PC Power Supply, IPC/Server, iBuildiShare, and Cooling. Geographically, it operates in Europe, the USA, Japan, Taiwan, and Other countries, with the majority of the revenue deriving from Taiwan.
70GF Score

Get the complete analysis for TPE:6117

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

NT$72.40
Price
NT$95.70
GF Value