Kayac (TSE:3904) Interest Coverage: 50.15 (As of Dec. 2025) — 64% Below Median

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TSE:3904 Kayac Inc TSE:3904
61 GF Score
Price 円423.00
GF Value 円783.77
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Kayac Interest Coverage?

Kayac TSE:3904 -0.70% 61 Interest Coverage is 50.15 as of Dec. 2025, which is 64% below its 10-year median of 138.86. GuruFocus rates TSE:3904 with a GF Score™ of 61/100 and a GF Value™ of 円783.77 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 311 Interactive Media companies, Kayac ranks worse than 51.13% 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. Kayac's Operating Income for the three months ended in Dec. 2025 was 円366 Mil. Kayac's Interest Expense for the three months ended in Dec. 2025 was 円-7 Mil. Kayac's interest coverage for the quarter that ended in Dec. 2025 was 50.15. The higher the ratio, the stronger the company's financial strength is.

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

TSE:3904' s Interest Coverage Range Over the Past 10 Years
Min: 25.57   Med: 138.86   Max: 253.32
Current: 39.28


TSE:3904's Interest Coverage is ranked worse than
51.13% of 311 companies
in the Interactive Media industry
Industry Median: 39.84 vs TSE:3904: 39.28

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


Kayac  (TSE:3904) 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 .


Kayac Interest Coverage Related Terms


Kayac Interest Coverage Historical Data

* Premium members only.

The historical data trend for Kayac'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.

Kayac Interest Coverage Chart

Kayac Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 138.88 156.04 138.83 25.57 39.79

Kayac Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 41.62 5.90 63.00 50.15 39.33

TSE:3904 vs NTES, EA, TTWO: Interest Coverage Comparison

For the Electronic Gaming & Multimedia subindustry, Kayac'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.


Kayac Interest Coverage vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kayac's Interest Coverage distribution charts can be found below:

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


TSE:3904
61GF Score
Kayac Inc TSE:3904
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kayac 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.

Kayac's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Kayac's Interest Expense was 円-27 Mil. Its Operating Income was 円1,071 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,801 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1071.177/-26.924
=39.79

Kayac's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Kayac's Interest Expense was 円-7 Mil. Its Operating Income was 円366 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,801 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*366.232/-7.303
=50.15

* 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 50.15 mean?
Kayac (TSE:3904) has a Interest Coverage of 50.15 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kayac and its competitors. This is 64% below median its historical median of 138.86. Over the past decade, Kayac's Interest Coverage has ranged from 25.57 to 253.32. According to the industry distribution chart, Kayac ranks #159 out of 311 companies in the Interactive Media industry, placing it in the top 51.1%.
Is Kayac's Interest Coverage too high?
Kayac's current Interest Coverage of 50.15 is 64% below median its 10-year median of 138.86. Over the past 10 years, this metric has ranged from a low of 25.57 to a high of 253.32. The Interactive Media industry median Interest Coverage is 39.84. Kayac's value of 50.15 is 25.9% above this industry median. Based on the distribution chart, Kayac ranks #159 out of 311 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Kayac has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's Interest Coverage compare to NTES and EA?
According to the Interactive Media industry distribution chart, Kayac ranks #159 out of 311 companies for Interest Coverage. This places Kayac in the lower half of its industry. The industry median Interest Coverage is 39.84. Kayac's value of 50.15 is 25.9% above this benchmark. Historically, Kayac's own Interest Coverage has ranged from 25.57 to 253.32 over the past decade. While the company's 10-year median is 138.86 vs. the industry median of 39.84, Kayac 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 an Interactive Media company?
The median Interest Coverage among Interactive Media companies is 39.84, based on 311 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. Kayac's current Interest Coverage of 50.15 is 25.9% 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 Kayac and its competitors. For the Interactive Media industry, the median Interest Coverage is 39.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayac's current Interest Coverage is 50.15, which is 64% below median its own 10-year median of 138.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円783.77, compared to a current price of 円423.00 — trading 46% below its estimated fair value. The current Interest Coverage is 50.15, which is 64% below median its 10-year median of 138.86 and 25.9% above the Interactive Media industry median of 39.84. Kayac's overall GF Score™ is 61/100 with 1 warning sign 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 Kayac (TSE:3904), the current Interest Coverage is 50.15 as of Dec. 2025. 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 Kayac (TSE:3904) Overvalued in 2026?

Based on GuruFocus' analysis, Kayac stock appears to be undervalued. The current stock price of 円423.00 is trading 46% below its estimated GF Value™ of 円783.77. GuruFocus considers Kayac to be Significantly Undervalued.

Key valuation signals for TSE:3904:

  • Interest Coverage: 50.15 (64% below median its 10-year median of 138.86)
  • GF Value™: 円783.77 vs. price of 円423.00 (46% below fair value)
  • GF Score™: 61/100 with 1 warning sign
  • Industry Position: 25.9% above the Interactive Media median (#159 of 311)

No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kayac Business Description

Address 11-8 Onarimachi, Former Bank Building, Kanagawa Prefecture, Kamakura, JPN, 248-0012
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
61GF Score

Get the complete analysis for TSE:3904

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

円423.00
Price
円783.77
GF Value