Token (TSE:1766) Interest Coverage: No Debt (1) (As of Jan. 2026) — 100% Below Median

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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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TSE:1766 Token Corp TSE:1766
76 GF Score
Price 円12,910.00
GF Value 円13,589.55
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Token Interest Coverage?

Token TSE:1766 +0.16% 76 Interest Coverage is No Debt (1) as of Jan. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,589.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,303 Real Estate companies, Token ranks better than 99.62% 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. Token's Operating Income for the three months ended in Jan. 2026 was 円5,350 Mil. Token's Interest Expense for the three months ended in Jan. 2026 was 円0 Mil. Token has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Token Corp has no debt.

(1) 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.

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

TSE:1766' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


TSE:1766's Interest Coverage is ranked better than
99.62% of 1303 companies
in the Real Estate industry
Industry Median: 4.18 vs TSE:1766: No Debt

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


Token  (TSE:1766) 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 .


Token Interest Coverage Related Terms


Token Interest Coverage Historical Data

* Premium members only.

The historical data trend for Token'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.

Token Interest Coverage Chart

Token Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Token Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 No Debt No Debt No Debt No Debt No Debt

TSE:1766 vs CBRE, BEKE, JLL: Interest Coverage Comparison

For the Real Estate Services subindustry, Token'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.


Token Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Token's Interest Coverage distribution charts can be found below:

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


TSE:1766
76GF Score
Token Corp TSE:1766
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Token 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.

Token's Interest Coverage for the fiscal year that ended in Apr. 2026 is calculated as

Here, for the fiscal year that ended in Apr. 2026, Token's Interest Expense was 円0 Mil. Its Operating Income was 円22,374 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Token had no debt (1).

Token's Interest Coverage for the quarter that ended in Jan. 2026 is calculated as

Here, for the three months ended in Jan. 2026, Token's Interest Expense was 円0 Mil. Its Operating Income was 円5,350 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Token had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
Token (TSE:1766) has a Interest Coverage of No Debt (1) as of Jan. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Token and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Token's Interest Coverage has ranged from 10,000.00 to 10,000.00. According to the industry distribution chart, Token ranks #5 out of 1303 companies in the Real Estate industry, placing it in the top 0.40000000000001%.
Is Token's Interest Coverage too high?
Token's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00. Based on the distribution chart, Token ranks #5 out of 1303 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Token has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Token's Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #5 out of 1303 companies for Interest Coverage. This places Token in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.18. Historically, Token's own Interest Coverage has ranged from 10,000.00 to 10,000.00 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.18, based on 1,303 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 Token and its competitors. For the Real Estate industry, the median Interest Coverage is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Token stock overvalued right now?
Based on GuruFocus' analysis, Token (TSE:1766) is currently considered Fairly Valued. The stock's GF Value™ is 円13,589.55, compared to a current price of 円12,910.00 — trading 5% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Token's overall GF Score™ is 76/100 with 1 warning sign 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 Token (TSE:1766), the current Interest Coverage is No Debt (1) as of Jan. 2026. 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 Token (TSE:1766) Overvalued in 2026?

Based on GuruFocus' analysis, Token stock appears to be undervalued. The current stock price of 円12,910.00 is trading 5% below its estimated GF Value™ of 円13,589.55. GuruFocus considers Token to be Fairly Valued.

Key valuation signals for TSE:1766:

  • Interest Coverage: No Debt (1) (100% below median its 10-year median of 10,000.00)
  • GF Value™: 円13,589.55 vs. price of 円12,910.00 (5% below fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the TSE:1766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Token Business Description

Address Marunouchi Building, 2-1-33 Marunouchi, Naka-ku, Nagoya, JPN, 460-0002
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.
76GF Score

Get the complete analysis for TSE:1766

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

円12,910.00
Price
円13,589.55
GF Value