Shinto Paint Co (TSE:4615) Interest Coverage: 3.27 (As of Mar. 2026) — 95% 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:4615 Shinto Paint Co Ltd TSE:4615
50 GF Score
Price 円129.00
GF Value 円129.72
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Shinto Paint Co Interest Coverage?

Shinto Paint Co TSE:4615 +0.78% 50 Interest Coverage is 3.27 as of Mar. 2026, which is 95% below its 10-year median of 66.56. GuruFocus rates TSE:4615 with a GF Score™ of 50/100 and a GF Value™ of 円129.72 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,233 Chemicals companies, Shinto Paint Co ranks worse than 76.16% 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. Shinto Paint Co's Operating Income for the six months ended in Mar. 2026 was 円134 Mil. Shinto Paint Co's Interest Expense for the six months ended in Mar. 2026 was 円-41 Mil. Shinto Paint Co's interest coverage for the quarter that ended in Mar. 2026 was 3.27. 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. Shinto Paint Co Ltd interest coverage is 3.26, which is low.

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

TSE:4615' s Interest Coverage Range Over the Past 10 Years
Min: 3.26   Med: 66.56   Max: 105
Current: 3.26


TSE:4615's Interest Coverage is ranked worse than
76.16% of 1233 companies
in the Chemicals industry
Industry Median: 10.13 vs TSE:4615: 3.26

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


Shinto Paint Co  (TSE:4615) 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 .


Shinto Paint Co Interest Coverage Related Terms


Shinto Paint Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Shinto Paint 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.

Shinto Paint Co Interest Coverage Chart

Shinto Paint 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 0.00 0.00 0.00 3.85 3.26

Shinto Paint Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 2.86 4.70 3.26 3.27

TSE:4615 vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, Shinto Paint 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.


Shinto Paint Co Interest Coverage vs Chemicals Industry

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

* The bar in red indicates where Shinto Paint Co's Interest Coverage falls into.


TSE:4615
50GF Score
Shinto Paint Co Ltd TSE:4615
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinto Paint 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.

Shinto Paint 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, Shinto Paint Co's Interest Expense was 円-80 Mil. Its Operating Income was 円261 Mil. And its Long-Term Debt & Capital Lease Obligation was 円31 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*261/-80
=3.26

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

Here, for the six months ended in Mar. 2026, Shinto Paint Co's Interest Expense was 円-41 Mil. Its Operating Income was 円134 Mil. And its Long-Term Debt & Capital Lease Obligation was 円31 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*134/-41
=3.27

* 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 3.27 mean?
Shinto Paint Co (TSE:4615) has a Interest Coverage of 3.27 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shinto Paint Co and its competitors. This is 95% below median its historical median of 66.56. Over the past decade, Shinto Paint Co's Interest Coverage has ranged from 3.26 to 105.00. According to the industry distribution chart, Shinto Paint Co ranks #939 out of 1233 companies in the Chemicals industry, placing it in the top 76.2%.
Is Shinto Paint Co's Interest Coverage too high?
Shinto Paint Co's current Interest Coverage of 3.27 is 95% below median its 10-year median of 66.56. Over the past 10 years, this metric has ranged from a low of 3.26 to a high of 105.00. The Chemicals industry median Interest Coverage is 10.13. Shinto Paint Co's value of 3.27 is 67.7% below this industry median. Based on the distribution chart, Shinto Paint Co ranks #939 out of 1233 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shinto Paint Co has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shinto Paint Co's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shinto Paint Co ranks #939 out of 1233 companies for Interest Coverage. This places Shinto Paint Co in the lower half of its industry. The industry median Interest Coverage is 10.13. Shinto Paint Co's value of 3.27 is 67.7% below this benchmark. Historically, Shinto Paint Co's own Interest Coverage has ranged from 3.26 to 105.00 over the past decade. While the company's 10-year median is 66.56 vs. the industry median of 10.13, Shinto Paint Co has consistently been below 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 1,233 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. Shinto Paint Co's current Interest Coverage of 3.27 is 67.7% below 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 Shinto Paint 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. Shinto Paint Co's current Interest Coverage is 3.27, which is 95% below median its own 10-year median of 66.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinto Paint Co stock overvalued right now?
Based on GuruFocus' analysis, Shinto Paint Co (TSE:4615) is currently considered Fairly Valued. The stock's GF Value™ is 円129.72, compared to a current price of 円129.00 — trading 0.6% below its estimated fair value. The current Interest Coverage is 3.27, which is 95% below median its 10-year median of 66.56 and 67.7% below the Chemicals industry median of 10.13. Shinto Paint Co's overall GF Score™ is 50/100 with 6 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 Shinto Paint Co (TSE:4615), the current Interest Coverage is 3.27 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 Shinto Paint Co (TSE:4615) Overvalued in 2026?

Based on GuruFocus' analysis, Shinto Paint Co stock appears to be undervalued. The current stock price of 円129.00 is trading 0.6% below its estimated GF Value™ of 円129.72. GuruFocus considers Shinto Paint Co to be Fairly Valued.

Key valuation signals for TSE:4615:

  • Interest Coverage: 3.27 (95% below median its 10-year median of 66.56)
  • GF Value™: 円129.72 vs. price of 円129.00 (0.6% below fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 67.7% below the Chemicals median (#939 of 1233)

No single metric tells the full story. See the TSE:4615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinto Paint Co Business Description

Address 6-10-73 Minamitsukaguchi-cho, Amagasaki-shi, Hyogo, Amagasaki, JPN, 661-8511
Shinto Paint Co Ltd is engaged in manufacturing, processing and selling paints, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan and internationally. It also provides electronic equipment, optical communication equipment, magnetic equipment, parts, components, and their materials; painting facilities, related machinery equipment, tools, devices, and materials; and civil engineering and construction materials, as well as housing materials.
50GF Score

Get the complete analysis for TSE:4615

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

円129.00
Price
円129.72
GF Value