IACE Travel (TSE:343A) Interest Coverage: 86.14 (As of Mar. 2026) — 38% Above Median

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TSE:343A IACE Travel Corp TSE:343A
20 GF Score
Price 円1,414.00
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What is IACE Travel Interest Coverage?

IACE Travel TSE:343A +0.93% 20 Interest Coverage is 86.14 as of Mar. 2026, which is 38% above its 10-year median of 62.29. GuruFocus rates TSE:343A with a GF Score™ of 20/100. Among 607 Travel & Leisure companies, IACE Travel ranks better than 85.67% 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. IACE Travel's Operating Income for the six months ended in Mar. 2026 was 円344 Mil. IACE Travel's Interest Expense for the six months ended in Mar. 2026 was 円-4 Mil. IACE Travel's interest coverage for the quarter that ended in Mar. 2026 was 86.14. 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. IACE Travel Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:343A' s Interest Coverage Range Over the Past 10 Years
Min: 41.39   Med: 62.29   Max: 101.09
Current: 101.09


TSE:343A's Interest Coverage is ranked better than
85.67% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.35 vs TSE:343A: 101.09

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


IACE Travel  (TSE:343A) 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 .


IACE Travel Interest Coverage Related Terms


IACE Travel Interest Coverage Historical Data

* Premium members only.

The historical data trend for IACE Travel'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.

IACE Travel Interest Coverage Chart

IACE Travel Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
41.39 65.80 58.78 101.09

IACE Travel Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial No Debt 66.89 53.45 118.31 86.14

TSE:343A vs BKNG, ABNB, RCL: Interest Coverage Comparison

For the Travel Services subindustry, IACE Travel'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.


IACE Travel Interest Coverage vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's Interest Coverage distribution charts can be found below:

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


TSE:343A
20GF Score
IACE Travel Corp TSE:343A
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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IACE Travel 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.

IACE Travel'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, IACE Travel's Interest Expense was 円-7 Mil. Its Operating Income was 円754 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*754.13/-7.46
=101.09

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

Here, for the six months ended in Mar. 2026, IACE Travel's Interest Expense was 円-4 Mil. Its Operating Income was 円344 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*343.942/-3.993
=86.14

* 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 86.14 mean?
IACE Travel (TSE:343A) has a Interest Coverage of 86.14 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on IACE Travel and its competitors. This is 38% above median its historical median of 62.29. Over the past decade, IACE Travel's Interest Coverage has ranged from 41.39 to 101.09. According to the industry distribution chart, IACE Travel ranks #87 out of 607 companies in the Travel & Leisure industry, placing it in the top 14.3%.
Is IACE Travel's Interest Coverage too high?
IACE Travel's current Interest Coverage of 86.14 is 38% above median its 10-year median of 62.29. Over the past 10 years, this metric has ranged from a low of 41.39 to a high of 101.09. The Travel & Leisure industry median Interest Coverage is 5.35. IACE Travel's value of 86.14 is 1510.1% above this industry median. Based on the distribution chart, IACE Travel ranks #87 out of 607 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's Interest Coverage compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, IACE Travel ranks #87 out of 607 companies for Interest Coverage. This places IACE Travel in the top 14% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.35. IACE Travel's value of 86.14 is 1510.1% above this benchmark. Historically, IACE Travel's own Interest Coverage has ranged from 41.39 to 101.09 over the past decade. While the company's 10-year median is 62.29 vs. the industry median of 5.35, IACE Travel 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 Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 607 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. IACE Travel's current Interest Coverage of 86.14 is 1510.1% 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 IACE Travel and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IACE Travel's current Interest Coverage is 86.14, which is 38% above median its own 10-year median of 62.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current Interest Coverage of 86.14. The current Interest Coverage is 86.14, which is 38% above median its 10-year median of 62.29 and 1510.1% above the Travel & Leisure industry median of 5.35. IACE Travel's overall GF Score™ is 20/100. 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 IACE Travel (TSE:343A), the current Interest Coverage is 86.14 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.

IACE Travel Business Description

Address 1-14-5 Nihombashi-Bakuro-cho, Chuo-ku, Tokyo, JPN, 103-0002
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
20GF Score

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

円1,414.00
Price