FFRI Security (TSE:3692) Interest Coverage: 4,221.06 (As of Mar. 2026) — 58% 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:3692 FFRI Security Inc TSE:3692
85 GF Score
Price 円5,710.00
GF Value 円4,285.70
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is FFRI Security Interest Coverage?

FFRI Security TSE:3692 +1.78% 85 Interest Coverage is 4,221.06 as of Mar. 2026, which is 58% below its 10-year median of 10,000.00. GuruFocus rates TSE:3692 with a GF Score™ of 85/100 and a GF Value™ of 円4,285.70 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,711 Software companies, FFRI Security ranks better than 87.2% 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. FFRI Security's Operating Income for the three months ended in Mar. 2026 was 円460 Mil. FFRI Security's Interest Expense for the three months ended in Mar. 2026 was 円-0 Mil. FFRI Security's interest coverage for the quarter that ended in Mar. 2026 was 4,221.06. 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. FFRI Security Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:3692' s Interest Coverage Range Over the Past 10 Years
Min: 2919.78   Med: No Debt   Max: No Debt
Current: 2919.78


TSE:3692's Interest Coverage is ranked better than
87.2% of 1711 companies
in the Software industry
Industry Median: 25.96 vs TSE:3692: 2919.78

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


FFRI Security  (TSE:3692) 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 .


FFRI Security Interest Coverage Related Terms


FFRI Security Interest Coverage Historical Data

* Premium members only.

The historical data trend for FFRI Security'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.

FFRI Security Interest Coverage Chart

FFRI Security 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 8,621.50 No Debt No Debt 3,242.08 2,985.19

FFRI Security Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2,206.35 2,448.29 3,172.98 4,221.06 1,798.34

TSE:3692 vs QH, SHOP, UBER: Interest Coverage Comparison

For the Software - Application subindustry, FFRI Security'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.


FFRI Security Interest Coverage vs Software Industry

For the Software industry and Technology sector, FFRI Security's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FFRI Security's Interest Coverage falls into.


TSE:3692
85GF Score
FFRI Security Inc TSE:3692
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FFRI Security 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.

FFRI Security'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, FFRI Security's Interest Expense was 円-0 Mil. Its Operating Income was 円1,364 Mil. And its Long-Term Debt & Capital Lease Obligation was 円7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1364.234/-0.457
=2,985.19

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

Here, for the three months ended in Mar. 2026, FFRI Security's Interest Expense was 円-0 Mil. Its Operating Income was 円460 Mil. And its Long-Term Debt & Capital Lease Obligation was 円7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*460.096/-0.109
=4,221.06

* 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 4,221.06 mean?
FFRI Security (TSE:3692) has a Interest Coverage of 4,221.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on FFRI Security and its competitors. This is 58% below median its historical median of 10,000.00. Over the past decade, FFRI Security's Interest Coverage has ranged from 2,919.78 to 10,000.00. According to the industry distribution chart, FFRI Security ranks #219 out of 1711 companies in the Software industry, placing it in the top 12.8%.
Is FFRI Security's Interest Coverage too high?
FFRI Security's current Interest Coverage of 4,221.06 is 58% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 2,919.78 to a high of 10,000.00. The Software industry median Interest Coverage is 25.96. FFRI Security's value of 4,221.06 is 16159.9% above this industry median. Based on the distribution chart, FFRI Security ranks #219 out of 1711 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, FFRI Security has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FFRI Security's Interest Coverage compare to QH and SHOP?
According to the Software industry distribution chart, FFRI Security ranks #219 out of 1711 companies for Interest Coverage. This places FFRI Security in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 25.96. FFRI Security's value of 4,221.06 is 16159.9% above this benchmark. Historically, FFRI Security's own Interest Coverage has ranged from 2,919.78 to 10,000.00 over the past decade. While the company's 10-year median is 10,000.00 vs. the industry median of 25.96, FFRI Security 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 Software company?
The median Interest Coverage among Software companies is 25.96, based on 1,711 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. FFRI Security's current Interest Coverage of 4,221.06 is 16159.9% 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 FFRI Security and its competitors. For the Software industry, the median Interest Coverage is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FFRI Security's current Interest Coverage is 4,221.06, which is 58% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FFRI Security stock overvalued right now?
Based on GuruFocus' analysis, FFRI Security (TSE:3692) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,285.70, compared to a current price of 円5,710.00 — trading 33.2% above its estimated fair value. The current Interest Coverage is 4,221.06, which is 58% below median its 10-year median of 10,000.00 and 16159.9% above the Software industry median of 25.96. FFRI Security's overall GF Score™ is 85/100 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 FFRI Security (TSE:3692), the current Interest Coverage is 4,221.06 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 FFRI Security (TSE:3692) Overvalued in 2026?

Based on GuruFocus' analysis, FFRI Security stock appears to be overvalued. The current stock price of 円5,710.00 is trading 33.2% above its estimated GF Value™ of 円4,285.70. GuruFocus considers FFRI Security to be Significantly Overvalued.

Key valuation signals for TSE:3692:

  • Interest Coverage: 4,221.06 (58% below median its 10-year median of 10,000.00)
  • GF Value™: 円4,285.70 vs. price of 円5,710.00 (33.2% above fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 16159.9% above the Software median (#219 of 1711)

No single metric tells the full story. See the TSE:3692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FFRI Security Business Description

Address 3-3-1, Marunouchi, 2nd Floor, Shin-Tokyo Building, Chiyoda-ku, Tokyo, JPN, 100-0005
FFRI Security Inc is engaged in providing computer security research, consulting, information provision, education, network system research, computer software and computer program planning, development, sales, leasing, maintenance, management, operation, and the acquisition, transfer, lending, and management of related property right such as copyrights, patent rights, utility model rights, trademark rights, and design rights.
85GF Score

Get the complete analysis for TSE:3692

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

円5,710.00
Price
円4,285.70
GF Value