Cleanaway Co (TPE:8422) Interest Coverage: 7.88 (As of Dec. 2025) — 96% Below Median


TPE:8422 Cleanaway Co Ltd TPE:8422
81 GF Score
Price NT$27.65
GF Value NT$16.54
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Cleanaway Co Interest Coverage?

Cleanaway Co TPE:8422 -2.12% 81 Interest Coverage is 7.88 as of Dec. 2025, which is 96% below its 10-year median of 183.49. GuruFocus rates TPE:8422 with a GF Score™ of 81/100 and a GF Value™ of NT$16.54 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 161 Waste Management companies, Cleanaway Co ranks better than 63.98% 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. Cleanaway Co's Operating Income for the three months ended in Dec. 2025 was NT$349 Mil. Cleanaway Co's Interest Expense for the three months ended in Dec. 2025 was NT$-44 Mil. Cleanaway Co's interest coverage for the quarter that ended in Dec. 2025 was 7.88. The higher the ratio, the stronger the company's financial strength is.

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

TPE:8422' s Interest Coverage Range Over the Past 10 Years
Min: 9.56   Med: 183.49   Max: No Debt
Current: 10.77


TPE:8422's Interest Coverage is ranked better than
63.98% of 161 companies
in the Waste Management industry
Industry Median: 5.72 vs TPE:8422: 10.77

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


Cleanaway Co  (TPE:8422) 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 .


Cleanaway Co Interest Coverage Related Terms


Cleanaway Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Cleanaway 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.

Cleanaway Co Interest Coverage Chart

Cleanaway 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 223.14 49.80 15.72 9.56 10.77

Cleanaway 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 8.95 11.52 13.50 9.82 7.88

TPE:8422 vs WM, RSG, WCN: Interest Coverage Comparison

For the Waste Management subindustry, Cleanaway 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.


Cleanaway Co Interest Coverage vs Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Co's Interest Coverage distribution charts can be found below:

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


TPE:8422
81GF Score
Cleanaway Co Ltd TPE:8422
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cleanaway 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.

Cleanaway 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, Cleanaway Co's Interest Expense was NT$-180 Mil. Its Operating Income was NT$1,940 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$10,182 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1940.428/-180.165
=10.77

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

Here, for the three months ended in Dec. 2025, Cleanaway Co's Interest Expense was NT$-44 Mil. Its Operating Income was NT$349 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$10,182 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*349.478/-44.377
=7.88

* 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 7.88 mean?
Cleanaway Co (TPE:8422) has a Interest Coverage of 7.88 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cleanaway Co and its competitors. This is 96% below median its historical median of 183.49. Over the past decade, Cleanaway Co's Interest Coverage has ranged from 9.56 to 10,000.00. According to the industry distribution chart, Cleanaway Co ranks #58 out of 161 companies in the Waste Management industry, placing it in the top 36%.
Is Cleanaway Co's Interest Coverage too high?
Cleanaway Co's current Interest Coverage of 7.88 is 96% below median its 10-year median of 183.49. Over the past 10 years, this metric has ranged from a low of 9.56 to a high of 10,000.00. The Waste Management industry median Interest Coverage is 5.72. Cleanaway Co's value of 7.88 is 37.8% above this industry median. Based on the distribution chart, Cleanaway Co ranks #58 out of 161 companies in the Waste Management industry, which is above the industry midpoint. Overall, Cleanaway Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's Interest Coverage compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Co ranks #58 out of 161 companies for Interest Coverage. This puts Cleanaway Co in the upper half of its industry. The industry median Interest Coverage is 5.72. Cleanaway Co's value of 7.88 is 37.8% above this benchmark. Historically, Cleanaway Co's own Interest Coverage has ranged from 9.56 to 10,000.00 over the past decade. While the company's 10-year median is 183.49 vs. the industry median of 5.72, Cleanaway 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 Waste Management company?
The median Interest Coverage among Waste Management companies is 5.72, based on 161 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. Cleanaway Co's current Interest Coverage of 7.88 is 37.8% 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 Cleanaway Co and its competitors. For the Waste Management industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Co's current Interest Coverage is 7.88, which is 96% below median its own 10-year median of 183.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$16.54, compared to a current price of NT$27.65 — trading 67.2% above its estimated fair value. The current Interest Coverage is 7.88, which is 96% below median its 10-year median of 183.49 and 37.8% above the Waste Management industry median of 5.72. Cleanaway Co's overall GF Score™ is 81/100 with 8 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 Cleanaway Co (TPE:8422), the current Interest Coverage is 7.88 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 Cleanaway Co (TPE:8422) Overvalued in 2026?

Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued. The current stock price of NT$27.65 is trading 67.2% above its estimated GF Value™ of NT$16.54. GuruFocus considers Cleanaway Co to be Significantly Overvalued.

Key valuation signals for TPE:8422:

  • Interest Coverage: 7.88 (96% below median its 10-year median of 183.49)
  • GF Value™: NT$16.54 vs. price of NT$27.65 (67.2% above fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 37.8% above the Waste Management median (#58 of 161)

No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cleanaway Co Business Description

Address No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
81GF Score

Get the complete analysis for TPE:8422

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

NT$27.65
Price
NT$16.54
GF Value