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ToenecTSE:1946 -4.66%74 Interest Coverage is 19.89 as of Mar. 2026, which is 132% above its 10-year median of 8.56. GuruFocus rates TSE:1946 with a GF Score™ of 74/100 and a GF Value™ of 円1,107.05 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,359 Construction companies, Toenec ranks better than 60.34% 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. Toenec's
Operating Income
for the
three
months ended in Mar. 2026 was 円8,475 Mil. Toenec's Interest Expense for the
three
months ended in Mar. 2026 was 円-426 Mil.
Toenec's interest coverage for the quarter that ended in Mar. 2026 was 19.89.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Toenec's Interest Coverage or its related term are showing as below:
TSE:1946'
s Interest Coverage Range Over the Past 10 Years
Min: 4.83 Med: 8.56 Max: 13.59
Current: 12.21
TSE:1946's Interest Coverage is ranked better than 60.34% of 1359
companies
in the Construction industry
Industry Median: 7.81
vs TSE:1946: 12.21
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 .
Toenec Interest Coverage Related Terms
Toenec Interest Coverage Historical Data
* Premium members only.
The historical data trend for Toenec'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.
TSE:1946 vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Toenec'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.
Toenec Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Toenec's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Toenec'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:
* 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.
Toenec (TSE:1946) has a Interest Coverage of 19.89 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Toenec and its competitors. This is 132% above median its historical median of 8.56. Over the past decade, Toenec's Interest Coverage has ranged from 4.83 to 13.59. According to the industry distribution chart, Toenec ranks #539 out of 1359 companies in the Construction industry, placing it in the top 39.7%.
Is Toenec's Interest Coverage too high?
Toenec's current Interest Coverage of 19.89 is 132% above median its 10-year median of 8.56. Over the past 10 years, this metric has ranged from a low of 4.83 to a high of 13.59. The Construction industry median Interest Coverage is 7.81. Toenec's value of 19.89 is 154.7% above this industry median. Based on the distribution chart, Toenec ranks #539 out of 1359 companies in the Construction industry, which is above the industry midpoint. Overall, Toenec has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toenec's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Toenec ranks #539 out of 1359 companies for Interest Coverage. This puts Toenec in the upper half of its industry. The industry median Interest Coverage is 7.81. Toenec's value of 19.89 is 154.7% above this benchmark. Historically, Toenec's own Interest Coverage has ranged from 4.83 to 13.59 over the past decade. While the company's 10-year median is 8.56 vs. the industry median of 7.81, Toenec 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. Toenec's current Interest Coverage of 19.89 is 154.7% 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 Toenec 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. Toenec's current Interest Coverage is 19.89, which is 132% above median its own 10-year median of 8.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toenec stock overvalued right now?
Based on GuruFocus' analysis, Toenec (TSE:1946) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,107.05, compared to a current price of 円2,085.00 — trading 88.3% above its estimated fair value. The current Interest Coverage is 19.89, which is 132% above median its 10-year median of 8.56 and 154.7% above the Construction industry median of 7.81. Toenec's overall GF Score™ is 74/100 with 2 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 Toenec (TSE:1946), the current Interest Coverage is 19.89 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 Toenec (TSE:1946) Overvalued in 2026?
Based on GuruFocus' analysis, Toenec stock appears to be overvalued.
The current stock price of 円2,085.00 is trading 88.3% above its estimated GF Value™ of 円1,107.05.
GuruFocus considers Toenec to be Significantly Overvalued.
Key valuation signals for TSE:1946:
Interest Coverage: 19.89 (132% above median its 10-year median of 8.56)
GF Value™: 円1,107.05 vs. price of 円2,085.00 (88.3% above fair value)
Industry Position: 154.7% above the Construction median (#539 of 1359)
No single metric tells the full story. See the TSE:1946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toenec Corp provides engineering and construction services. The company's services include electrical and communications construction, pipe-laying, fire-control system construction, construction and building works, scaffolding, earthworks, and concrete works, road surfacing, painting, waterproofing work, waterworks, steel-structure construction, machinery and tool installation, interior finishing work, cleaning-facility construction, the power generation business, and electrical communication construction. It provides surveying, design, supervision, maintenance, and consultation, research, planning, development services. The company also provides ordinary freight vehicles and dispatching of manpower needed for its services. It also sells, leases and manages real estate properties.
74GF Score
Get the complete analysis for TSE:1946
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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