Morinaga Milk Industry Co (TSE:2264) Interest Coverage: 8.33 (As of Mar. 2026) — 70% Below Median


TSE:2264 Morinaga Milk Industry Co Ltd TSE:2264
64 GF Score
Price 円1,267.50
GF Value 円3,540.17
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Morinaga Milk Industry Co Interest Coverage?

Morinaga Milk Industry Co TSE:2264 +0.88% 64 Interest Coverage is 8.33 as of Mar. 2026, which is 70% below its 10-year median of 27.49. GuruFocus rates TSE:2264 with a GF Score™ of 64/100 and a GF Value™ of 円3,540.17 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,507 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks better than 65.83% 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. Morinaga Milk Industry Co's Operating Income for the three months ended in Mar. 2026 was 円3,798 Mil. Morinaga Milk Industry Co's Interest Expense for the three months ended in Mar. 2026 was 円-456 Mil. Morinaga Milk Industry Co's interest coverage for the quarter that ended in Mar. 2026 was 8.33. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Morinaga Milk Industry Co's Interest Coverage or its related term are showing as below:

TSE:2264' s Interest Coverage Range Over the Past 10 Years
Min: 19.65   Med: 27.49   Max: 40.83
Current: 22.1


TSE:2264's Interest Coverage is ranked better than
65.83% of 1507 companies
in the Consumer Packaged Goods industry
Industry Median: 8.6 vs TSE:2264: 22.10

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


Morinaga Milk Industry Co  (TSE:2264) 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 .


Morinaga Milk Industry Co Interest Coverage Related Terms


Morinaga Milk Industry Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Morinaga Milk 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.

Morinaga Milk Industry Co Interest Coverage Chart

Morinaga Milk Industry Co 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 39.88 33.72 21.56 19.65 22.10

Morinaga Milk Industry Co 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 9.65 30.57 34.49 21.10 8.33

TSE:2264 vs KHC, GIS: Interest Coverage Comparison

For the Packaged Foods subindustry, Morinaga Milk 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.


Morinaga Milk Industry Co Interest Coverage vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's Interest Coverage falls into.


TSE:2264
64GF Score
Morinaga Milk Industry Co Ltd TSE:2264
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morinaga Milk Industry Co 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.

Morinaga Milk Industry Co'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, Morinaga Milk Industry Co's Interest Expense was 円-1,560 Mil. Its Operating Income was 円34,480 Mil. And its Long-Term Debt & Capital Lease Obligation was 円104,226 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*34480/-1560
=22.10

Morinaga Milk Industry Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Morinaga Milk Industry Co's Interest Expense was 円-456 Mil. Its Operating Income was 円3,798 Mil. And its Long-Term Debt & Capital Lease Obligation was 円104,226 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3798/-456
=8.33

* 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 8.33 mean?
Morinaga Milk Industry Co (TSE:2264) has a Interest Coverage of 8.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Morinaga Milk Industry Co and its competitors. This is 70% below median its historical median of 27.49. Over the past decade, Morinaga Milk Industry Co's Interest Coverage has ranged from 19.65 to 40.83. According to the industry distribution chart, Morinaga Milk Industry Co ranks #515 out of 1507 companies in the Consumer Packaged Goods industry, placing it in the top 34.2%.
Is Morinaga Milk Industry Co's Interest Coverage too high?
Morinaga Milk Industry Co's current Interest Coverage of 8.33 is 70% below median its 10-year median of 27.49. Over the past 10 years, this metric has ranged from a low of 19.65 to a high of 40.83. The Consumer Packaged Goods industry median Interest Coverage is 8.60. Morinaga Milk Industry Co's value of 8.33 is 3.1% below this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #515 out of 1507 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Interest Coverage compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #515 out of 1507 companies for Interest Coverage. This puts Morinaga Milk Industry Co in the upper half of its industry. The industry median Interest Coverage is 8.60. Morinaga Milk Industry Co's value of 8.33 is 3.1% below this benchmark. Historically, Morinaga Milk Industry Co's own Interest Coverage has ranged from 19.65 to 40.83 over the past decade. While the company's 10-year median is 27.49 vs. the industry median of 8.60, Morinaga Milk Industry Co has consistently been below 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 Consumer Packaged Goods company?
The median Interest Coverage among Consumer Packaged Goods companies is 8.60, based on 1,507 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. Morinaga Milk Industry Co's current Interest Coverage of 8.33 is 3.1% below 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods industry, the median Interest Coverage is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current Interest Coverage is 8.33, which is 70% below median its own 10-year median of 27.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,540.17, compared to a current price of 円1,267.50 — trading 64.2% below its estimated fair value. The current Interest Coverage is 8.33, which is 70% below median its 10-year median of 27.49 and 3.1% below the Consumer Packaged Goods industry median of 8.60. Morinaga Milk Industry Co's overall GF Score™ is 64/100 with 5 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 Morinaga Milk Industry Co (TSE:2264), the current Interest Coverage is 8.33 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 Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be undervalued. The current stock price of 円1,267.50 is trading 64.2% below its estimated GF Value™ of 円3,540.17. GuruFocus considers Morinaga Milk Industry Co to be Significantly Undervalued.

Key valuation signals for TSE:2264:

  • Interest Coverage: 8.33 (70% below median its 10-year median of 27.49)
  • GF Value™: 円3,540.17 vs. price of 円1,267.50 (64.2% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 3.1% below the Consumer Packaged Goods median (#515 of 1507)

No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morinaga Milk Industry Co Business Description

Other Exchanges MO8:Germany
Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
64GF Score

Get the complete analysis for TSE:2264

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

円1,267.50
Price
円3,540.17
GF Value