ZEAL Associate (TSE:329A) Interest Coverage: 8.81 (As of Feb. 2026) — Near Median

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TSE:329A ZEAL Associate Corp TSE:329A
16 GF Score
Price 円211.60
! 3 Warning Signs
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What is ZEAL Associate Interest Coverage?

ZEAL Associate TSE:329A 16 Interest Coverage is 8.81 as of Feb. 2026, which is 8% above its 10-year median of 8.18. GuruFocus rates TSE:329A with a GF Score™ of 16/100. The stock has 3 warning signs investors should review.

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. ZEAL Associate's Operating Income for the six months ended in Feb. 2026 was 円59 Mil. ZEAL Associate's Interest Expense for the six months ended in Feb. 2026 was 円-7 Mil. ZEAL Associate's interest coverage for the quarter that ended in Feb. 2026 was 8.81. The higher the ratio, the stronger the company's financial strength is.

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

TSE:329A' s Interest Coverage Range Over the Past 10 Years
Min: 7.74   Med: 8.18   Max: 10.06
Current: 10.06


TSE:329A's Interest Coverage is not ranked
in the Conglomerates industry.
Industry Median: 5.27 vs TSE:329A: 10.06

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


ZEAL Associate  (TSE:329A) 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 .


ZEAL Associate Interest Coverage Related Terms


ZEAL Associate Interest Coverage Historical Data

* Premium members only.

The historical data trend for ZEAL Associate'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.

ZEAL Associate Interest Coverage Chart

ZEAL Associate Annual Data
Trend Aug23 Aug24 Aug25
Interest Coverage
0.00 7.74 8.61

ZEAL Associate Semi-Annual Data
Aug23 Aug24 Feb25 Aug25 Feb26
Interest Coverage N/A N/A 4.94 11.64 8.81

TSE:329A vs HON, MMM: Interest Coverage Comparison

For the Conglomerates subindustry, ZEAL Associate'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.


ZEAL Associate Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, ZEAL Associate's Interest Coverage distribution charts can be found below:

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


TSE:329A
16GF Score
ZEAL Associate Corp TSE:329A
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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ZEAL Associate 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.

ZEAL Associate's Interest Coverage for the fiscal year that ended in Aug. 2025 is calculated as

Here, for the fiscal year that ended in Aug. 2025, ZEAL Associate's Interest Expense was 円-10 Mil. Its Operating Income was 円83 Mil. And its Long-Term Debt & Capital Lease Obligation was 円634 Mil.

Interest Coverage=-1* Operating Income (A: Aug. 2025 )/Interest Expense (A: Aug. 2025 )
=-1*82.971/-9.635
=8.61

ZEAL Associate's Interest Coverage for the quarter that ended in Feb. 2026 is calculated as

Here, for the six months ended in Feb. 2026, ZEAL Associate's Interest Expense was 円-7 Mil. Its Operating Income was 円59 Mil. And its Long-Term Debt & Capital Lease Obligation was 円769 Mil.

Interest Coverage=-1* Operating Income (Q: Feb. 2026 )/Interest Expense (Q: Feb. 2026 )
=-1*58.899/-6.682
=8.81

* 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 8.81 mean?
ZEAL Associate (TSE:329A) has a Interest Coverage of 8.81 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ZEAL Associate and its competitors. This is near median its historical median of 8.18. Over the past decade, ZEAL Associate's Interest Coverage has ranged from 7.74 to 10.06.
Is ZEAL Associate's Interest Coverage too high?
ZEAL Associate's current Interest Coverage of 8.81 is near median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 7.74 to a high of 10.06. The Conglomerates industry median Interest Coverage is 5.27. ZEAL Associate's value of 8.81 is 67.2% above this industry median. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's Interest Coverage compare to HON and MMM?
ZEAL Associate's Interest Coverage of 8.81 can be compared against companies in the Conglomerates industry. The industry median Interest Coverage is 5.27. ZEAL Associate's value of 8.81 is 67.2% above this benchmark. Historically, ZEAL Associate's own Interest Coverage has ranged from 7.74 to 10.06 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 5.27, ZEAL Associate 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 Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.27, based on 424 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. ZEAL Associate's current Interest Coverage of 8.81 is 67.2% 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 ZEAL Associate and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Associate's current Interest Coverage is 8.81, which is near median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current Interest Coverage of 8.81. The current Interest Coverage is 8.81, which is near median its 10-year median of 8.18 and 67.2% above the Conglomerates industry median of 5.27. ZEAL Associate's overall GF Score™ is 16/100 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 ZEAL Associate (TSE:329A), the current Interest Coverage is 8.81 as of Feb. 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.

ZEAL Associate Business Description

Address 1-19-7 Ginza, JRE Ginza 1chome East Building 8th Floor, Chuo-ku, Tokyo, JPN, 104-0061
ZEAL Associate Corp is engaged in design business focusing on event management and space creation, Entertainment Space, Interior Space etc.
16GF Score

Get the complete analysis for TSE:329A

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

円211.60
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