Taihei Dengyo Kaisha (TSE:1968) Interest Coverage: 114.06 (As of Mar. 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1968 Taihei Dengyo Kaisha Ltd TSE:1968
77 GF Score
Price 円2,467.00
GF Value 円1,744.21
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Taihei Dengyo Kaisha Interest Coverage?

Taihei Dengyo Kaisha TSE:1968 -0.16% 77 Interest Coverage is 114.06 as of Mar. 2026, which is 54% below its 10-year median of 249.46. GuruFocus rates TSE:1968 with a GF Score™ of 77/100 and a GF Value™ of 円1,744.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,359 Construction companies, Taihei Dengyo Kaisha ranks better than 87.64% 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. Taihei Dengyo Kaisha's Operating Income for the three months ended in Mar. 2026 was 円3,992 Mil. Taihei Dengyo Kaisha's Interest Expense for the three months ended in Mar. 2026 was 円-35 Mil. Taihei Dengyo Kaisha's interest coverage for the quarter that ended in Mar. 2026 was 114.06. 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. Taihei Dengyo Kaisha Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:1968' s Interest Coverage Range Over the Past 10 Years
Min: 123.67   Med: 249.46   Max: 6546
Current: 123.67


TSE:1968's Interest Coverage is ranked better than
87.64% of 1359 companies
in the Construction industry
Industry Median: 7.81 vs TSE:1968: 123.67

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


Taihei Dengyo Kaisha  (TSE:1968) 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 .


Taihei Dengyo Kaisha Interest Coverage Related Terms


Taihei Dengyo Kaisha Interest Coverage Historical Data

* Premium members only.

The historical data trend for Taihei Dengyo Kaisha'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.

Taihei Dengyo Kaisha Interest Coverage Chart

Taihei Dengyo Kaisha 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 298.77 281.27 213.83 165.03 123.67

Taihei Dengyo Kaisha Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 98.94 68.17 90.36 231.81 114.06

TSE:1968 vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.


Taihei Dengyo Kaisha Interest Coverage vs Construction Industry

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

* The bar in red indicates where Taihei Dengyo Kaisha's Interest Coverage falls into.


TSE:1968
77GF Score
Taihei Dengyo Kaisha Ltd TSE:1968
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taihei Dengyo Kaisha 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.

Taihei Dengyo Kaisha'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, Taihei Dengyo Kaisha's Interest Expense was 円-120 Mil. Its Operating Income was 円14,840 Mil. And its Long-Term Debt & Capital Lease Obligation was 円14,024 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*14840/-120
=123.67

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

Here, for the three months ended in Mar. 2026, Taihei Dengyo Kaisha's Interest Expense was 円-35 Mil. Its Operating Income was 円3,992 Mil. And its Long-Term Debt & Capital Lease Obligation was 円14,024 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3992/-35
=114.06

* 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 114.06 mean?
Taihei Dengyo Kaisha (TSE:1968) has a Interest Coverage of 114.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Taihei Dengyo Kaisha and its competitors. This is 54% below median its historical median of 249.46. Over the past decade, Taihei Dengyo Kaisha's Interest Coverage has ranged from 123.67 to 6,546.00. According to the industry distribution chart, Taihei Dengyo Kaisha ranks #168 out of 1359 companies in the Construction industry, placing it in the top 12.4%.
Is Taihei Dengyo Kaisha's Interest Coverage too high?
Taihei Dengyo Kaisha's current Interest Coverage of 114.06 is 54% below median its 10-year median of 249.46. Over the past 10 years, this metric has ranged from a low of 123.67 to a high of 6,546.00. The Construction industry median Interest Coverage is 7.81. Taihei Dengyo Kaisha's value of 114.06 is 1360.4% above this industry median. Based on the distribution chart, Taihei Dengyo Kaisha ranks #168 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Taihei Dengyo Kaisha has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taihei Dengyo Kaisha's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Taihei Dengyo Kaisha ranks #168 out of 1359 companies for Interest Coverage. This places Taihei Dengyo Kaisha in the top 12% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.81. Taihei Dengyo Kaisha's value of 114.06 is 1360.4% above this benchmark. Historically, Taihei Dengyo Kaisha's own Interest Coverage has ranged from 123.67 to 6,546.00 over the past decade. While the company's 10-year median is 249.46 vs. the industry median of 7.81, Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current Interest Coverage of 114.06 is 1360.4% 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 Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current Interest Coverage is 114.06, which is 54% below median its own 10-year median of 249.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taihei Dengyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha (TSE:1968) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,744.21, compared to a current price of 円2,467.00 — trading 41.4% above its estimated fair value. The current Interest Coverage is 114.06, which is 54% below median its 10-year median of 249.46 and 1360.4% above the Construction industry median of 7.81. Taihei Dengyo Kaisha's overall GF Score™ is 77/100 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 Taihei Dengyo Kaisha (TSE:1968), the current Interest Coverage is 114.06 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 Taihei Dengyo Kaisha (TSE:1968) Overvalued in 2026?

Based on GuruFocus' analysis, Taihei Dengyo Kaisha stock appears to be overvalued. The current stock price of 円2,467.00 is trading 41.4% above its estimated GF Value™ of 円1,744.21. GuruFocus considers Taihei Dengyo Kaisha to be Significantly Overvalued.

Key valuation signals for TSE:1968:

  • Interest Coverage: 114.06 (54% below median its 10-year median of 249.46)
  • GF Value™: 円1,744.21 vs. price of 円2,467.00 (41.4% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 1360.4% above the Construction median (#168 of 1359)

No single metric tells the full story. See the TSE:1968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taihei Dengyo Kaisha Business Description

Address 2-4, Kanda, Jimbo-cho, Chiyoda-ku, Tokyo, JPN, 101-8416
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.
77GF Score

Get the complete analysis for TSE:1968

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

円2,467.00
Price
円1,744.21
GF Value