Taiwan Cogeneration (TPE:8926) Interest Coverage: 2.54 (As of Dec. 2025) — 49% Below Median


TPE:8926 Taiwan Cogeneration Corp TPE:8926
75 GF Score
Price NT$76.90
GF Value NT$43.28
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Taiwan Cogeneration Interest Coverage?

Taiwan Cogeneration TPE:8926 +0.92% 75 Interest Coverage is 2.54 as of Dec. 2025, which is 49% below its 10-year median of 4.99. GuruFocus rates TPE:8926 with a GF Score™ of 75/100 and a GF Value™ of NT$43.28 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,351 Construction companies, Taiwan Cogeneration ranks worse than 63.73% 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. Taiwan Cogeneration's Operating Income for the three months ended in Dec. 2025 was NT$111 Mil. Taiwan Cogeneration's Interest Expense for the three months ended in Dec. 2025 was NT$-44 Mil. Taiwan Cogeneration's interest coverage for the quarter that ended in Dec. 2025 was 2.54. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Taiwan Cogeneration Corp interest coverage is 4.49, which is low.

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

TPE:8926' s Interest Coverage Range Over the Past 10 Years
Min: 0.23   Med: 4.99   Max: 8.96
Current: 4.49


TPE:8926's Interest Coverage is ranked worse than
63.73% of 1351 companies
in the Construction industry
Industry Median: 7.81 vs TPE:8926: 4.49

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


Taiwan Cogeneration  (TPE:8926) 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 .


Taiwan Cogeneration Interest Coverage Related Terms


Taiwan Cogeneration Interest Coverage Historical Data

* Premium members only.

The historical data trend for Taiwan Cogeneration'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.

Taiwan Cogeneration Interest Coverage Chart

Taiwan Cogeneration 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 6.16 2.62 0.23 5.49 4.49

Taiwan Cogeneration 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 11.06 4.74 16.54 0.22 2.54

TPE:8926 vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Taiwan Cogeneration'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.


Taiwan Cogeneration Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Cogeneration's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Taiwan Cogeneration's Interest Coverage falls into.


TPE:8926
75GF Score
Taiwan Cogeneration Corp TPE:8926
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Cogeneration 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.

Taiwan Cogeneration'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, Taiwan Cogeneration's Interest Expense was NT$-125 Mil. Its Operating Income was NT$563 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$8,673 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*563.031/-125.316
=4.49

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

Here, for the three months ended in Dec. 2025, Taiwan Cogeneration's Interest Expense was NT$-44 Mil. Its Operating Income was NT$111 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$8,673 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*111.128/-43.71
=2.54

* 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 2.54 mean?
Taiwan Cogeneration (TPE:8926) has a Interest Coverage of 2.54 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Taiwan Cogeneration and its competitors. This is 49% below median its historical median of 4.99. Over the past decade, Taiwan Cogeneration's Interest Coverage has ranged from 0.23 to 8.96. According to the industry distribution chart, Taiwan Cogeneration ranks #861 out of 1351 companies in the Construction industry, placing it in the top 63.7%.
Is Taiwan Cogeneration's Interest Coverage too high?
Taiwan Cogeneration's current Interest Coverage of 2.54 is 49% below median its 10-year median of 4.99. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 8.96. The Construction industry median Interest Coverage is 7.81. Taiwan Cogeneration's value of 2.54 is 67.5% below this industry median. Based on the distribution chart, Taiwan Cogeneration ranks #861 out of 1351 companies in the Construction industry, which is below the industry midpoint. Overall, Taiwan Cogeneration has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Cogeneration's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Taiwan Cogeneration ranks #861 out of 1351 companies for Interest Coverage. This places Taiwan Cogeneration in the lower half of its industry. The industry median Interest Coverage is 7.81. Taiwan Cogeneration's value of 2.54 is 67.5% below this benchmark. Historically, Taiwan Cogeneration's own Interest Coverage has ranged from 0.23 to 8.96 over the past decade. While the company's 10-year median is 4.99 vs. the industry median of 7.81, Taiwan Cogeneration 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 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. Taiwan Cogeneration's current Interest Coverage of 2.54 is 67.5% 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 Taiwan Cogeneration and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Cogeneration's current Interest Coverage is 2.54, which is 49% below median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Cogeneration stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Cogeneration (TPE:8926) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$43.28, compared to a current price of NT$76.90 — trading 77.7% above its estimated fair value. The current Interest Coverage is 2.54, which is 49% below median its 10-year median of 4.99 and 67.5% below the Construction industry median of 7.81. Taiwan Cogeneration's overall GF Score™ is 75/100 with 12 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 Taiwan Cogeneration (TPE:8926), the current Interest Coverage is 2.54 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 Taiwan Cogeneration (TPE:8926) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be overvalued. The current stock price of NT$76.90 is trading 77.7% above its estimated GF Value™ of NT$43.28. GuruFocus considers Taiwan Cogeneration to be Significantly Overvalued.

Key valuation signals for TPE:8926:

  • Interest Coverage: 2.54 (49% below median its 10-year median of 4.99)
  • GF Value™: NT$43.28 vs. price of NT$76.90 (77.7% above fair value)
  • GF Score™: 75/100 with 12 warning signs
  • Industry Position: 67.5% below the Construction median (#861 of 1351)

No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Cogeneration Business Description

Address No. 392, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
75GF Score

Get the complete analysis for TPE:8926

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

NT$76.90
Price
NT$43.28
GF Value