Moriya (TSE:1798) Interest Coverage: 108.36 (As of Mar. 2026) — 93% Above Median

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TSE:1798 Moriya Corp TSE:1798
75 GF Score
Price 円1,170.00
GF Value 円881.06
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Moriya Interest Coverage?

Moriya TSE:1798 +0.52% 75 Interest Coverage is 108.36 as of Mar. 2026, which is 93% above its 10-year median of 56.01. GuruFocus rates TSE:1798 with a GF Score™ of 75/100 and a GF Value™ of 円881.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,359 Construction companies, Moriya ranks better than 87.42% 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. Moriya's Operating Income for the six months ended in Mar. 2026 was 円1,480 Mil. Moriya's Interest Expense for the six months ended in Mar. 2026 was 円-14 Mil. Moriya's interest coverage for the quarter that ended in Mar. 2026 was 108.36. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Moriya Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:1798' s Interest Coverage Range Over the Past 10 Years
Min: 23   Med: 56.01   Max: 204.07
Current: 120.03


TSE:1798's Interest Coverage is ranked better than
87.42% of 1359 companies
in the Construction industry
Industry Median: 7.81 vs TSE:1798: 120.03

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


Moriya  (TSE:1798) 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 .


Moriya Interest Coverage Related Terms


Moriya Interest Coverage Historical Data

* Premium members only.

The historical data trend for Moriya'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.

Moriya Interest Coverage Chart

Moriya Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.95 96.32 204.07 166.31 120.03

Moriya Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 260.48 151.95 176.34 128.65 108.36

TSE:1798 vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Moriya'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.


Moriya Interest Coverage vs Construction Industry

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

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


TSE:1798
75GF Score
Moriya Corp TSE:1798
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moriya 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.

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

Here, for the fiscal year that ended in Mar. 2026, Moriya's Interest Expense was 円-32 Mil. Its Operating Income was 円3,861 Mil. And its Long-Term Debt & Capital Lease Obligation was 円726 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*3861.47/-32.17
=120.03

Moriya's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Moriya's Interest Expense was 円-14 Mil. Its Operating Income was 円1,480 Mil. And its Long-Term Debt & Capital Lease Obligation was 円726 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1480.185/-13.66
=108.36

* 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 108.36 mean?
Moriya (TSE:1798) has a Interest Coverage of 108.36 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Moriya and its competitors. This is 93% above median its historical median of 56.01. Over the past decade, Moriya's Interest Coverage has ranged from 23.00 to 204.07. According to the industry distribution chart, Moriya ranks #171 out of 1359 companies in the Construction industry, placing it in the top 12.6%.
Is Moriya's Interest Coverage too high?
Moriya's current Interest Coverage of 108.36 is 93% above median its 10-year median of 56.01. Over the past 10 years, this metric has ranged from a low of 23.00 to a high of 204.07. The Construction industry median Interest Coverage is 7.81. Moriya's value of 108.36 is 1287.5% above this industry median. Based on the distribution chart, Moriya ranks #171 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Moriya has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Moriya's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Moriya ranks #171 out of 1359 companies for Interest Coverage. This places Moriya in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.81. Moriya's value of 108.36 is 1287.5% above this benchmark. Historically, Moriya's own Interest Coverage has ranged from 23.00 to 204.07 over the past decade. While the company's 10-year median is 56.01 vs. the industry median of 7.81, Moriya 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,359 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. Moriya's current Interest Coverage of 108.36 is 1287.5% 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 Moriya 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. Moriya's current Interest Coverage is 108.36, which is 93% above median its own 10-year median of 56.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moriya stock overvalued right now?
Based on GuruFocus' analysis, Moriya (TSE:1798) is currently considered Significantly Overvalued. The stock's GF Value™ is 円881.06, compared to a current price of 円1,170.00 — trading 32.8% above its estimated fair value. The current Interest Coverage is 108.36, which is 93% above median its 10-year median of 56.01 and 1287.5% above the Construction industry median of 7.81. Moriya's overall GF Score™ is 75/100 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 Moriya (TSE:1798), the current Interest Coverage is 108.36 as of Mar. 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 Moriya (TSE:1798) Overvalued in 2026?

Based on GuruFocus' analysis, Moriya stock appears to be overvalued. The current stock price of 円1,170.00 is trading 32.8% above its estimated GF Value™ of 円881.06. GuruFocus considers Moriya to be Significantly Overvalued.

Key valuation signals for TSE:1798:

  • Interest Coverage: 108.36 (93% above median its 10-year median of 56.01)
  • GF Value™: 円881.06 vs. price of 円1,170.00 (32.8% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 1287.5% above the Construction median (#171 of 1359)

No single metric tells the full story. See the TSE:1798 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moriya Business Description

Address 878 Minamichitosemachi, Nagano, JPN, 380-8533
Moriya Corp is a general contractor based in Nagano. It constructs commercial, institutional, and residential buildings such as sports facilities, schools, and apartments; as well as civil projects, such as dams, roads, tunnels, and bridges.
75GF Score

Get the complete analysis for TSE:1798

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

円1,170.00
Price
円881.06
GF Value