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. Merida Industry Co's
Operating Income
for the
three
months ended in Dec. 2025 was NT$-39 Mil. Merida Industry Co's Interest Expense for the
three
months ended in Dec. 2025 was NT$-47 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Merida Industry Co's Interest Coverage or its related term are showing as below:
TPE:9914'
s Interest Coverage Range Over the Past 10 Years
Min: 6.98 Med: 34.17 Max: 67.92
Current: 6.98
TPE:9914's Interest Coverage is ranked better than 55.74% of 610
companies
in the Travel & Leisure industry
Industry Median: 5.35
vs TPE:9914: 6.98
Merida Industry Co (TPE:9914) 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 .
Merida Industry Co Interest Coverage Related Terms
Merida Industry Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Merida Industry 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.
TPE:9914 vs AS, HAS, LTH: Interest Coverage Comparison
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co Interest Coverage vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Merida Industry Co'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:
Merida Industry Co did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
Merida Industry Co (TPE:9914) has a Interest Coverage of 0 (At Loss) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merida Industry Co and its competitors. Over the past decade, Merida Industry Co's Interest Coverage has ranged from 6.98 to 67.92. According to the industry distribution chart, Merida Industry Co ranks #270 out of 610 companies in the Travel & Leisure industry, placing it in the top 44.3%.
Is Merida Industry Co's Interest Coverage too high?
Merida Industry Co's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 6.98 to a high of 67.92. Based on the distribution chart, Merida Industry Co ranks #270 out of 610 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Interest Coverage compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #270 out of 610 companies for Interest Coverage. This puts Merida Industry Co in the upper half of its industry. The industry median Interest Coverage is 5.35. Historically, Merida Industry Co's own Interest Coverage has ranged from 6.98 to 67.92 over the past decade. 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 Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 610 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. 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.73, compared to a current price of NT$78.00 — trading 43% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Merida Industry Co's overall GF Score™ is 71/100 with 6 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 Merida Industry Co (TPE:9914), the current Interest Coverage is 0 (At Loss) 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$78.00 is trading 43% below its estimated GF Value™ of NT$136.73.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Interest Coverage: 0 (At Loss)
GF Value™: NT$136.73 vs. price of NT$78.00 (43% below fair value)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score
Get the complete analysis for TPE:9914
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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