Toho Acetylene Co (TSE:4093) Interest Coverage: 43.92 (As of Mar. 2026) — Near 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:4093 Toho Acetylene Co Ltd TSE:4093
70 GF Score
Price 円424.00
GF Value 円353.24
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Toho Acetylene Co Interest Coverage?

Toho Acetylene Co TSE:4093 +0.24% 70 Interest Coverage is 43.92 as of Mar. 2026, which is 0% below its 10-year median of 44.03. GuruFocus rates TSE:4093 with a GF Score™ of 70/100 and a GF Value™ of 円353.24 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,232 Chemicals companies, Toho Acetylene Co ranks better than 70.86% 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. Toho Acetylene Co's Operating Income for the three months ended in Mar. 2026 was 円669 Mil. Toho Acetylene Co's Interest Expense for the three months ended in Mar. 2026 was 円-15 Mil. Toho Acetylene Co's interest coverage for the quarter that ended in Mar. 2026 was 43.92. The higher the ratio, the stronger the company's financial strength is.

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

TSE:4093' s Interest Coverage Range Over the Past 10 Years
Min: 33.68   Med: 44.03   Max: 67.08
Current: 33.68


TSE:4093's Interest Coverage is ranked better than
70.86% of 1232 companies
in the Chemicals industry
Industry Median: 10.13 vs TSE:4093: 33.68

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


Toho Acetylene Co  (TSE:4093) 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 .


Toho Acetylene Co Interest Coverage Related Terms


Toho Acetylene Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Toho Acetylene Co'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.

Toho Acetylene Co Interest Coverage Chart

Toho Acetylene Co 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 39.17 48.63 67.08 44.79 33.68

Toho Acetylene Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 N/A 32.28 17.45 39.70 43.92

TSE:4093 vs DOW: Interest Coverage Comparison

For the Chemicals subindustry, Toho Acetylene Co'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.


Toho Acetylene Co Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toho Acetylene Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Toho Acetylene Co's Interest Coverage falls into.


TSE:4093
70GF Score
Toho Acetylene Co Ltd TSE:4093
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Acetylene Co 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.

Toho Acetylene Co'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, Toho Acetylene Co's Interest Expense was 円-56 Mil. Its Operating Income was 円1,900 Mil. And its Long-Term Debt & Capital Lease Obligation was 円372 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1900.025/-56.422
=33.68

Toho Acetylene Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Toho Acetylene Co's Interest Expense was 円-15 Mil. Its Operating Income was 円669 Mil. And its Long-Term Debt & Capital Lease Obligation was 円372 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*668.815/-15.229
=43.92

* 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 43.92 mean?
Toho Acetylene Co (TSE:4093) has a Interest Coverage of 43.92 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Toho Acetylene Co and its competitors. This is near median its historical median of 44.03. Over the past decade, Toho Acetylene Co's Interest Coverage has ranged from 33.68 to 67.08. According to the industry distribution chart, Toho Acetylene Co ranks #359 out of 1232 companies in the Chemicals industry, placing it in the top 29.1%.
Is Toho Acetylene Co's Interest Coverage too high?
Toho Acetylene Co's current Interest Coverage of 43.92 is near median its 10-year median of 44.03. Over the past 10 years, this metric has ranged from a low of 33.68 to a high of 67.08. The Chemicals industry median Interest Coverage is 10.13. Toho Acetylene Co's value of 43.92 is 333.6% above this industry median. Based on the distribution chart, Toho Acetylene Co ranks #359 out of 1232 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toho Acetylene Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Acetylene Co's Interest Coverage compare to DOW?
According to the Chemicals industry distribution chart, Toho Acetylene Co ranks #359 out of 1232 companies for Interest Coverage. This puts Toho Acetylene Co in the upper half of its industry. The industry median Interest Coverage is 10.13. Toho Acetylene Co's value of 43.92 is 333.6% above this benchmark. Historically, Toho Acetylene Co's own Interest Coverage has ranged from 33.68 to 67.08 over the past decade. While the company's 10-year median is 44.03 vs. the industry median of 10.13, Toho Acetylene Co 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.13, based on 1,232 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. Toho Acetylene Co's current Interest Coverage of 43.92 is 333.6% 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 Toho Acetylene Co and its competitors. For the Chemicals industry, the median Interest Coverage is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Acetylene Co's current Interest Coverage is 43.92, which is near median its own 10-year median of 44.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Acetylene Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Acetylene Co (TSE:4093) is currently considered Modestly Overvalued. The stock's GF Value™ is 円353.24, compared to a current price of 円424.00 — trading 20% above its estimated fair value. The current Interest Coverage is 43.92, which is near median its 10-year median of 44.03 and 333.6% above the Chemicals industry median of 10.13. Toho Acetylene Co's overall GF Score™ is 70/100 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 Toho Acetylene Co (TSE:4093), the current Interest Coverage is 43.92 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 Toho Acetylene Co (TSE:4093) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Acetylene Co stock appears to be overvalued. The current stock price of 円424.00 is trading 20% above its estimated GF Value™ of 円353.24. GuruFocus considers Toho Acetylene Co to be Modestly Overvalued.

Key valuation signals for TSE:4093:

  • Interest Coverage: 43.92 (near median its 10-year median of 44.03)
  • GF Value™: 円353.24 vs. price of 円424.00 (20% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 333.6% above the Chemicals median (#359 of 1232)

No single metric tells the full story. See the TSE:4093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Acetylene Co Business Description

Address Sakae 2 - chome No. 3 32, Miyagi Prefecture, Tagajo, JPN, 103-0004
Toho Acetylene Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gases. It is organized in three business segments - Gas related business, Equipment related business and Automotive Equipment related business. It offers dissolve acetylene, acid, glutinous, liquefied petroleum gas, solution materials, fusion cutting equipment, containers, and life-related equipment.
70GF Score

Get the complete analysis for TSE:4093

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

円424.00
Price
円353.24
GF Value