Techno Medica CoTSE:6678 +0.10%86 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates TSE:6678 with a GF Score™ of 86/100 and a GF Value™ of 円2,410.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 466 Medical Devices & Instruments companies, Techno Medica Co ranks better than 99.57% 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. Techno Medica Co's
Operating Income
for the
six
months ended in Mar. 2026 was 円1,402 Mil. Techno Medica Co's Interest Expense for the
six
months ended in Mar. 2026 was 円0 Mil.
Techno Medica Co has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Techno Medica Co Ltd has no debt.
(1) 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.
The historical rank and industry rank for Techno Medica Co's Interest Coverage or its related term are showing as below:
TSE:6678'
s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: 21377.35
Current: No Debt
TSE:6678's Interest Coverage is ranked better than 99.57% of 466
companies
in the Medical Devices & Instruments industry
Industry Median: 15.875
vs TSE:6678: No Debt
Techno Medica Co (TSE:6678) 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 .
Techno Medica Co Interest Coverage Related Terms
Techno Medica Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Techno Medica 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.
TSE:6678 vs ABT, SYK, MDT: Interest Coverage Comparison
For the Medical Devices subindustry, Techno Medica 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.
Techno Medica Co Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Techno Medica Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Techno Medica Co's Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Techno Medica Co (TSE:6678) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Techno Medica Co and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Techno Medica Co's Interest Coverage has ranged from 10,000.00 to 21,377.35. According to the industry distribution chart, Techno Medica Co ranks #2 out of 466 companies in the Medical Devices & Instruments industry, placing it in the top 0.40000000000001%.
Is Techno Medica Co's Interest Coverage too high?
Techno Medica Co's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 21,377.35. Based on the distribution chart, Techno Medica Co ranks #2 out of 466 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Medica Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Medica Co's Interest Coverage compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Techno Medica Co ranks #2 out of 466 companies for Interest Coverage. This places Techno Medica Co in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 15.88. Historically, Techno Medica Co's own Interest Coverage has ranged from 10,000.00 to 21,377.35 over the past decade. 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 Medical Devices & Instruments company?
The median Interest Coverage among Medical Devices & Instruments companies is 15.88, based on 466 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. 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 Techno Medica Co and its competitors. For the Medical Devices & Instruments industry, the median Interest Coverage is 15.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medica Co's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medica Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Medica Co (TSE:6678) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,410.68, compared to a current price of 円1,970.00 — trading 18.3% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Techno Medica Co's overall GF Score™ is 86/100 with 2 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 Techno Medica Co (TSE:6678), the current Interest Coverage is No Debt (1) 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 Techno Medica Co (TSE:6678) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medica Co stock appears to be undervalued.
The current stock price of 円1,970.00 is trading 18.3% below its estimated GF Value™ of 円2,410.68.
GuruFocus considers Techno Medica Co to be Modestly Undervalued.
Key valuation signals for TSE:6678:
Interest Coverage: No Debt (1) (100% below median its 10-year median of 10,000.00)
GF Value™: 円2,410.68 vs. price of 円1,970.00 (18.3% below fair value)
No single metric tells the full story. See the TSE:6678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medica Co Ltd is engaged in the research, development, manufacturing, and sales of medical and in vitro diagnostic products. The company's products classified under Test Tube preparation systems. Additionally, company also import and export medical equipment and Analytical instrument for clinical examination.
86GF Score
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