Mitsubishi Paper Mills (TSE:3864) Interest Coverage: 6.45 (As of Mar. 2026) — 224% Above Median


TSE:3864 Mitsubishi Paper Mills Ltd TSE:3864
43 GF Score
Price 円1,005.00
GF Value 円509.25
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Mitsubishi Paper Mills Interest Coverage?

Mitsubishi Paper Mills TSE:3864 -0.69% 43 Interest Coverage is 6.45 as of Mar. 2026, which is 224% above its 10-year median of 1.99. GuruFocus rates TSE:3864 with a GF Score™ of 43/100 and a GF Value™ of 円509.25 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 183 Forest Products companies, Mitsubishi Paper Mills ranks worse than 97.27% 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. Mitsubishi Paper Mills's Operating Income for the three months ended in Mar. 2026 was 円1,354 Mil. Mitsubishi Paper Mills's Interest Expense for the three months ended in Mar. 2026 was 円-210 Mil. Mitsubishi Paper Mills's interest coverage for the quarter that ended in Mar. 2026 was 6.45. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mitsubishi Paper Mills Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Mitsubishi Paper Mills's Interest Coverage or its related term are showing as below:

TSE:3864' s Interest Coverage Range Over the Past 10 Years
Min: 0.36   Med: 1.99   Max: 5.77
Current: 0.36


TSE:3864's Interest Coverage is ranked worse than
97.27% of 183 companies
in the Forest Products industry
Industry Median: 3.98 vs TSE:3864: 0.36

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


Mitsubishi Paper Mills  (TSE:3864) 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 .


Mitsubishi Paper Mills Interest Coverage Related Terms


Mitsubishi Paper Mills Interest Coverage Historical Data

* Premium members only.

The historical data trend for Mitsubishi Paper Mills'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.

Mitsubishi Paper Mills Interest Coverage Chart

Mitsubishi Paper Mills 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 0.00 1.69 5.77 4.48 0.36

Mitsubishi Paper Mills 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 7.48 0.00 7.67 0.00 6.45

Mitsubishi Paper Mills Interest Coverage Competitor Comparison

For the Paper & Paper Products subindustry, Mitsubishi Paper Mills'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.


Mitsubishi Paper Mills Interest Coverage vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mitsubishi Paper Mills's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mitsubishi Paper Mills's Interest Coverage falls into.


TSE:3864
43GF Score
Mitsubishi Paper Mills Ltd TSE:3864
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Paper Mills 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.

Mitsubishi Paper Mills'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, Mitsubishi Paper Mills's Interest Expense was 円-731 Mil. Its Operating Income was 円264 Mil. And its Long-Term Debt & Capital Lease Obligation was 円19,750 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*264/-731
=0.36

Mitsubishi Paper Mills's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Mitsubishi Paper Mills's Interest Expense was 円-210 Mil. Its Operating Income was 円1,354 Mil. And its Long-Term Debt & Capital Lease Obligation was 円19,750 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1354/-210
=6.45

* 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 6.45 mean?
Mitsubishi Paper Mills (TSE:3864) has a Interest Coverage of 6.45 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mitsubishi Paper Mills and its competitors. This is 224% above median its historical median of 1.99. Over the past decade, Mitsubishi Paper Mills' Interest Coverage has ranged from 0.36 to 5.77. According to the industry distribution chart, Mitsubishi Paper Mills ranks #178 out of 183 companies in the Forest Products industry, placing it in the top 97.3%.
Is Mitsubishi Paper Mills' Interest Coverage too high?
Mitsubishi Paper Mills' current Interest Coverage of 6.45 is 224% above median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 5.77. The Forest Products industry median Interest Coverage is 3.98. Mitsubishi Paper Mills' value of 6.45 is 62.1% above this industry median. Based on the distribution chart, Mitsubishi Paper Mills ranks #178 out of 183 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Paper Mills has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Paper Mills' Interest Coverage compare to competitors?
According to the Forest Products industry distribution chart, Mitsubishi Paper Mills ranks #178 out of 183 companies for Interest Coverage. This places Mitsubishi Paper Mills in the lower half of its industry. The industry median Interest Coverage is 3.98. Mitsubishi Paper Mills' value of 6.45 is 62.1% above this benchmark. Historically, Mitsubishi Paper Mills' own Interest Coverage has ranged from 0.36 to 5.77 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 3.98, Mitsubishi Paper Mills 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 Forest Products company?
The median Interest Coverage among Forest Products companies is 3.98, based on 183 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. Mitsubishi Paper Mills's current Interest Coverage of 6.45 is 62.1% 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 Mitsubishi Paper Mills and its competitors. For the Forest Products industry, the median Interest Coverage is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Paper Mills's current Interest Coverage is 6.45, which is 224% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Paper Mills (TSE:3864) is currently considered Significantly Overvalued. The stock's GF Value™ is 円509.25, compared to a current price of 円1,005.00 — trading 97.3% above its estimated fair value. The current Interest Coverage is 6.45, which is 224% above median its 10-year median of 1.99 and 62.1% above the Forest Products industry median of 3.98. Mitsubishi Paper Mills' overall GF Score™ is 43/100 with 10 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 Mitsubishi Paper Mills (TSE:3864), the current Interest Coverage is 6.45 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 Mitsubishi Paper Mills (TSE:3864) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Paper Mills stock appears to be overvalued. The current stock price of 円1,005.00 is trading 97.3% above its estimated GF Value™ of 円509.25. GuruFocus considers Mitsubishi Paper Mills to be Significantly Overvalued.

Key valuation signals for TSE:3864:

  • Interest Coverage: 6.45 (224% above median its 10-year median of 1.99)
  • GF Value™: 円509.25 vs. price of 円1,005.00 (97.3% above fair value)
  • GF Score™: 43/100 with 10 warning signs
  • Industry Position: 62.1% above the Forest Products median (#178 of 183)

No single metric tells the full story. See the TSE:3864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Paper Mills Business Description

Address 2-10-14 Ryogoku, Sumida-ku, Tokyo, JPN, 130-0026
Mitsubishi Paper Mills Ltd is a paper and paper manufacturing company. The company manufactures printing paper, printing plate materials and printing systems supporting offset and other printing. Its segments consist of Paper and Pulp, Imaging Media, Speciality Materials and Warehouse and Transportation. The company generates maximum revenue from the Paper and Pulp segment. Its offers graphic arts material; photographic materials; inkjet media; thermo memory; battery separator; air filter and others. Geographically, it derives a majority of revenue from Japan and also has a presence in Europe; Asia; North America and Other Countries.
43GF Score

Get the complete analysis for TSE:3864

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

円1,005.00
Price
円509.25
GF Value