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. Forest Water Environmental Eng'g Co's
Operating Income
for the
three
months ended in Dec. 2025 was NT$257 Mil. Forest Water Environmental Eng'g Co's Interest Expense for the
three
months ended in Dec. 2025 was NT$-40 Mil.
Forest Water Environmental Eng'g Co's interest coverage for the quarter that ended in Dec. 2025 was 6.43.
The higher the ratio, the stronger the company's financial strength is.
Forest Water Environmental Eng'g Co (TPE:8473) 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 .
Forest Water Environmental Eng'g Co Interest Coverage Related Terms
Forest Water Environmental Eng'g Co Interest Coverage Historical Data
* 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.
Forest Water Environmental Eng'g Co Interest Coverage Chart
TPE:8473 vs WM, RSG, WCN: Interest Coverage Comparison
For the Waste Management subindustry, Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co Interest Coverage vs Waste Management Industry
For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Forest Water Environmental Eng'g Co's Interest Coverage falls into.
Forest Water Environmental Eng'g 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:
* 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.
Forest Water Environmental Eng'g Co (TPE:8473) has a Interest Coverage of 6.43 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forest Water Environmental Eng'g Co and its competitors. This is 26% above median its historical median of 5.10. Over the past decade, Forest Water Environmental Eng'g Co's Interest Coverage has ranged from 0.27 to 7.91. According to the industry distribution chart, Forest Water Environmental Eng'g Co ranks #83 out of 161 companies in the Waste Management industry, placing it in the top 51.6%.
Is Forest Water Environmental Eng'g Co's Interest Coverage too high?
Forest Water Environmental Eng'g Co's current Interest Coverage of 6.43 is 26% above median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 7.91. The Waste Management industry median Interest Coverage is 5.72. Forest Water Environmental Eng'g Co's value of 6.43 is 12.4% above this industry median. Based on the distribution chart, Forest Water Environmental Eng'g Co ranks #83 out of 161 companies in the Waste Management industry, which is below the industry midpoint. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's Interest Coverage compare to WM and RSG?
According to the Waste Management industry distribution chart, Forest Water Environmental Eng'g Co ranks #83 out of 161 companies for Interest Coverage. This places Forest Water Environmental Eng'g Co in the lower half of its industry. The industry median Interest Coverage is 5.72. Forest Water Environmental Eng'g Co's value of 6.43 is 12.4% above this benchmark. Historically, Forest Water Environmental Eng'g Co's own Interest Coverage has ranged from 0.27 to 7.91 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 5.72, Forest Water Environmental Eng'g 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. Forest Water Environmental Eng'g Co's current Interest Coverage of 6.43 is 12.4% 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 Forest Water Environmental Eng'g 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. Forest Water Environmental Eng'g Co's current Interest Coverage is 6.43, which is 26% above median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.93, compared to a current price of NT$48.60 — trading 15.9% above its estimated fair value. The current Interest Coverage is 6.43, which is 26% above median its 10-year median of 5.10 and 12.4% above the Waste Management industry median of 5.72. Forest Water Environmental Eng'g Co's overall GF Score™ is 80/100 with 3 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 Forest Water Environmental Eng'g Co (TPE:8473), the current Interest Coverage is 6.43 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be overvalued.
The current stock price of NT$48.60 is trading 15.9% above its estimated GF Value™ of NT$41.93.
GuruFocus considers Forest Water Environmental Eng'g Co to be Modestly Overvalued.
Key valuation signals for TPE:8473:
Interest Coverage: 6.43 (26% above median its 10-year median of 5.10)
GF Value™: NT$41.93 vs. price of NT$48.60 (15.9% above fair value)
Industry Position: 12.4% above the Waste Management median (#83 of 161)
No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forest Water Environmental Eng'g Co Business Description
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
80GF Score
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