Sanei (TSE:6230) Interest Coverage: 72.90 (As of Mar. 2026) — 43% Below Median


TSE:6230 Sanei Ltd TSE:6230
79 GF Score
Price 円2,249.00
GF Value 円2,112.02
Valuation Fairly Valued
! 5 Warning Signs
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What is Sanei Interest Coverage?

Sanei TSE:6230 +0.67% 79 Interest Coverage is 72.90 as of Mar. 2026, which is 43% below its 10-year median of 127.48. GuruFocus rates TSE:6230 with a GF Score™ of 79/100 and a GF Value™ of 円2,112.02 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,349 Construction companies, Sanei ranks better than 83.62% 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. Sanei's Operating Income for the six months ended in Mar. 2026 was 円1,163 Mil. Sanei's Interest Expense for the six months ended in Mar. 2026 was 円-16 Mil. Sanei's interest coverage for the quarter that ended in Mar. 2026 was 72.90. The higher the ratio, the stronger the company's financial strength is.

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

TSE:6230' s Interest Coverage Range Over the Past 10 Years
Min: 73.82   Med: 127.48   Max: 353.81
Current: 73.82


TSE:6230's Interest Coverage is ranked better than
83.62% of 1349 companies
in the Construction industry
Industry Median: 7.92 vs TSE:6230: 73.82

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


Sanei  (TSE:6230) 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 .


Sanei Interest Coverage Related Terms


Sanei Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sanei'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.

Sanei Interest Coverage Chart

Sanei Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 353.81 86.67 195.09 127.48 73.82

Sanei Semi-Annual Data
Mar18 Mar19 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 230.05 100.80 148.86 75.48 72.90

TSE:6230 vs TT, JCI, CARR: Interest Coverage Comparison

For the Building Products & Equipment subindustry, Sanei'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.


Sanei Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Sanei's Interest Coverage distribution charts can be found below:

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


TSE:6230
79GF Score
Sanei Ltd TSE:6230
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanei 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.

Sanei'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, Sanei's Interest Expense was 円-25 Mil. Its Operating Income was 円1,831 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,071 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1830.913/-24.803
=73.82

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

Here, for the six months ended in Mar. 2026, Sanei's Interest Expense was 円-16 Mil. Its Operating Income was 円1,163 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,071 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1163.483/-15.961
=72.90

* 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 72.90 mean?
Sanei (TSE:6230) has a Interest Coverage of 72.90 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sanei and its competitors. This is 43% below median its historical median of 127.48. Over the past decade, Sanei's Interest Coverage has ranged from 73.82 to 353.81. According to the industry distribution chart, Sanei ranks #221 out of 1349 companies in the Construction industry, placing it in the top 16.4%.
Is Sanei's Interest Coverage too high?
Sanei's current Interest Coverage of 72.90 is 43% below median its 10-year median of 127.48. Over the past 10 years, this metric has ranged from a low of 73.82 to a high of 353.81. The Construction industry median Interest Coverage is 7.92. Sanei's value of 72.90 is 820.5% above this industry median. Based on the distribution chart, Sanei ranks #221 out of 1349 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Sanei has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanei's Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, Sanei ranks #221 out of 1349 companies for Interest Coverage. This places Sanei in the top 16% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.92. Sanei's value of 72.90 is 820.5% above this benchmark. Historically, Sanei's own Interest Coverage has ranged from 73.82 to 353.81 over the past decade. While the company's 10-year median is 127.48 vs. the industry median of 7.92, Sanei 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 Construction company?
The median Interest Coverage among Construction companies is 7.92, based on 1,349 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. Sanei's current Interest Coverage of 72.90 is 820.5% 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 Sanei and its competitors. For the Construction industry, the median Interest Coverage is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanei's current Interest Coverage is 72.90, which is 43% below median its own 10-year median of 127.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanei stock overvalued right now?
Based on GuruFocus' analysis, Sanei (TSE:6230) is currently considered Fairly Valued. The stock's GF Value™ is 円2,112.02, compared to a current price of 円2,249.00 — trading 6.5% above its estimated fair value. The current Interest Coverage is 72.90, which is 43% below median its 10-year median of 127.48 and 820.5% above the Construction industry median of 7.92. Sanei's overall GF Score™ is 79/100 with 5 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 Sanei (TSE:6230), the current Interest Coverage is 72.90 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 Sanei (TSE:6230) Overvalued in 2026?

Based on GuruFocus' analysis, Sanei stock appears to be overvalued. The current stock price of 円2,249.00 is trading 6.5% above its estimated GF Value™ of 円2,112.02. GuruFocus considers Sanei to be Fairly Valued.

Key valuation signals for TSE:6230:

  • Interest Coverage: 72.90 (43% below median its 10-year median of 127.48)
  • GF Value™: 円2,112.02 vs. price of 円2,249.00 (6.5% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 820.5% above the Construction median (#221 of 1349)

No single metric tells the full story. See the TSE:6230 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanei Business Description

Address Tamazu 1-12-29, Higashinari Ward, Osaka Prefecture, Osaka, JPN, 537-0023
Sanei Ltd is engaged in the manufacture and sale of plumbing equipment. The company's product portfolio includes mixed plug, single faucet, shower supplies, faucet parts, stopcock/valve, plumbing supplies, rainwater / medium water tank, drainage supplies, air-conditioning parts, washing machine supplies, toilet supplies, accessories, handrail, gardening, fire hydrant, tool, and maintenance supplies.
79GF Score

Get the complete analysis for TSE:6230

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

円2,249.00
Price
円2,112.02
GF Value