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Nihon KohdenTSE:6849 +0.26%68 Interest Coverage is 85.81 as of Mar. 2026, which is 93% below its 10-year median of 1,183.35. GuruFocus rates TSE:6849 with a GF Score™ of 68/100 and a GF Value™ of 円2,162.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 466 Medical Devices & Instruments companies, Nihon Kohden ranks better than 68.24% 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. Nihon Kohden's
Operating Income
for the
three
months ended in Mar. 2026 was 円9,611 Mil. Nihon Kohden's Interest Expense for the
three
months ended in Mar. 2026 was 円-112 Mil.
Nihon Kohden's interest coverage for the quarter that ended in Mar. 2026 was 85.81.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nihon Kohden's Interest Coverage or its related term are showing as below:
TSE:6849'
s Interest Coverage Range Over the Past 10 Years
Min: 54.97 Med: 1183.35 Max: 3386.88
Current: 54.97
TSE:6849's Interest Coverage is ranked better than 68.24% of 466
companies
in the Medical Devices & Instruments industry
Industry Median: 16.05
vs TSE:6849: 54.97
Nihon Kohden (TSE:6849) 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 .
Nihon Kohden Interest Coverage Related Terms
Nihon Kohden Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nihon Kohden'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:6849 vs ABT, SYK, MDT: Interest Coverage Comparison
For the Medical Devices subindustry, Nihon Kohden'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.
Nihon Kohden Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nihon Kohden's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nihon Kohden'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.
Nihon Kohden (TSE:6849) has a Interest Coverage of 85.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nihon Kohden and its competitors. This is 93% below median its historical median of 1,183.35. Over the past decade, Nihon Kohden's Interest Coverage has ranged from 54.97 to 3,386.88. According to the industry distribution chart, Nihon Kohden ranks #148 out of 466 companies in the Medical Devices & Instruments industry, placing it in the top 31.8%.
Is Nihon Kohden's Interest Coverage too high?
Nihon Kohden's current Interest Coverage of 85.81 is 93% below median its 10-year median of 1,183.35. Over the past 10 years, this metric has ranged from a low of 54.97 to a high of 3,386.88. The Medical Devices & Instruments industry median Interest Coverage is 16.05. Nihon Kohden's value of 85.81 is 434.6% above this industry median. Based on the distribution chart, Nihon Kohden ranks #148 out of 466 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nihon Kohden has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kohden's Interest Coverage compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Nihon Kohden ranks #148 out of 466 companies for Interest Coverage. This puts Nihon Kohden in the upper half of its industry. The industry median Interest Coverage is 16.05. Nihon Kohden's value of 85.81 is 434.6% above this benchmark. Historically, Nihon Kohden's own Interest Coverage has ranged from 54.97 to 3,386.88 over the past decade. While the company's 10-year median is 1,183.35 vs. the industry median of 16.05, Nihon Kohden 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 Medical Devices & Instruments company?
The median Interest Coverage among Medical Devices & Instruments companies is 16.05, 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. Nihon Kohden's current Interest Coverage of 85.81 is 434.6% 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 Nihon Kohden and its competitors. For the Medical Devices & Instruments industry, the median Interest Coverage is 16.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Kohden's current Interest Coverage is 85.81, which is 93% below median its own 10-year median of 1,183.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kohden stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kohden (TSE:6849) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,162.06, compared to a current price of 円1,542.50 — trading 28.7% below its estimated fair value. The current Interest Coverage is 85.81, which is 93% below median its 10-year median of 1,183.35 and 434.6% above the Medical Devices & Instruments industry median of 16.05. Nihon Kohden's overall GF Score™ is 68/100 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 Nihon Kohden (TSE:6849), the current Interest Coverage is 85.81 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 Nihon Kohden (TSE:6849) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Kohden stock appears to be undervalued.
The current stock price of 円1,542.50 is trading 28.7% below its estimated GF Value™ of 円2,162.06.
GuruFocus considers Nihon Kohden to be Modestly Undervalued.
Key valuation signals for TSE:6849:
Interest Coverage: 85.81 (93% below median its 10-year median of 1,183.35)
GF Value™: 円2,162.06 vs. price of 円1,542.50 (28.7% below fair value)
Industry Position: 434.6% above the Medical Devices & Instruments median (#148 of 466)
No single metric tells the full story. See the TSE:6849 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Kohden Corp is a Japan-based company engaged in the development, manufacturing, and sale of medical electronic equipment. It offers monitoring and diagnostic equipment such as electroencephalographs, electrocardiographs, and patient monitors, along with related systems and consumables. The company operates as a single business segment and manages its activities comprehensively across three reportable regions: Japan, North America, and Other Regions.
68GF Score
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