Japan Pulp and Paper Co (TSE:8032) Interest Coverage: 3.81 (As of Mar. 2026) — 34% Below Median


TSE:8032 Japan Pulp and Paper Co Ltd TSE:8032
67 GF Score
Price 円1,108.00
GF Value 円757.08
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Japan Pulp and Paper Co Interest Coverage?

Japan Pulp and Paper Co TSE:8032 +2.21% 67 Interest Coverage is 3.81 as of Mar. 2026, which is 34% below its 10-year median of 5.75. GuruFocus rates TSE:8032 with a GF Score™ of 67/100 and a GF Value™ of 円757.08 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 183 Forest Products companies, Japan Pulp and Paper Co ranks worse than 53.55% 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. Japan Pulp and Paper Co's Operating Income for the three months ended in Mar. 2026 was 円3,222 Mil. Japan Pulp and Paper Co's Interest Expense for the three months ended in Mar. 2026 was 円-846 Mil. Japan Pulp and Paper Co's interest coverage for the quarter that ended in Mar. 2026 was 3.81. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8032' s Interest Coverage Range Over the Past 10 Years
Min: 3.59   Med: 5.75   Max: 10.01
Current: 3.59


TSE:8032's Interest Coverage is ranked worse than
53.55% of 183 companies
in the Forest Products industry
Industry Median: 3.98 vs TSE:8032: 3.59

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


Japan Pulp and Paper Co  (TSE:8032) 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 .


Japan Pulp and Paper Co Interest Coverage Related Terms


Japan Pulp and Paper Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Japan Pulp and Paper 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.

Japan Pulp and Paper Co Interest Coverage Chart

Japan Pulp and Paper 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 10.01 9.99 5.58 5.36 3.59

Japan Pulp and Paper Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 4.09 3.16 2.67 4.72 3.81

Japan Pulp and Paper Co Interest Coverage Competitor Comparison

For the Paper & Paper Products subindustry, Japan Pulp and Paper 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.


Japan Pulp and Paper Co Interest Coverage vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Japan Pulp and Paper Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Japan Pulp and Paper Co's Interest Coverage falls into.


TSE:8032
67GF Score
Japan Pulp and Paper Co Ltd TSE:8032
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Pulp and Paper 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.

Japan Pulp and Paper 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, Japan Pulp and Paper Co's Interest Expense was 円-3,023 Mil. Its Operating Income was 円10,848 Mil. And its Long-Term Debt & Capital Lease Obligation was 円37,929 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*10848/-3023
=3.59

Japan Pulp and Paper Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Japan Pulp and Paper Co's Interest Expense was 円-846 Mil. Its Operating Income was 円3,222 Mil. And its Long-Term Debt & Capital Lease Obligation was 円37,929 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3222/-846
=3.81

* 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 3.81 mean?
Japan Pulp and Paper Co (TSE:8032) has a Interest Coverage of 3.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Japan Pulp and Paper Co and its competitors. This is 34% below median its historical median of 5.75. Over the past decade, Japan Pulp and Paper Co's Interest Coverage has ranged from 3.59 to 10.01. According to the industry distribution chart, Japan Pulp and Paper Co ranks #98 out of 183 companies in the Forest Products industry, placing it in the top 53.6%.
Is Japan Pulp and Paper Co's Interest Coverage too high?
Japan Pulp and Paper Co's current Interest Coverage of 3.81 is 34% below median its 10-year median of 5.75. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 10.01. The Forest Products industry median Interest Coverage is 3.98. Japan Pulp and Paper Co's value of 3.81 is 4.3% below this industry median. Based on the distribution chart, Japan Pulp and Paper Co ranks #98 out of 183 companies in the Forest Products industry, which is below the industry midpoint. Overall, Japan Pulp and Paper Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Pulp and Paper Co's Interest Coverage compare to competitors?
According to the Forest Products industry distribution chart, Japan Pulp and Paper Co ranks #98 out of 183 companies for Interest Coverage. This places Japan Pulp and Paper Co in the lower half of its industry. The industry median Interest Coverage is 3.98. Japan Pulp and Paper Co's value of 3.81 is 4.3% below this benchmark. Historically, Japan Pulp and Paper Co's own Interest Coverage has ranged from 3.59 to 10.01 over the past decade. While the company's 10-year median is 5.75 vs. the industry median of 3.98, Japan Pulp and Paper 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 Forest Products company?
The median Interest Coverage among Forest Products companies is 3.98, based on 183 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. Japan Pulp and Paper Co's current Interest Coverage of 3.81 is 4.3% 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 Japan Pulp and Paper Co and its competitors. For the Forest Products industry, the median Interest Coverage is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Pulp and Paper Co's current Interest Coverage is 3.81, which is 34% below median its own 10-year median of 5.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Pulp and Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Pulp and Paper Co (TSE:8032) is currently considered Significantly Overvalued. The stock's GF Value™ is 円757.08, compared to a current price of 円1,108.00 — trading 46.4% above its estimated fair value. The current Interest Coverage is 3.81, which is 34% below median its 10-year median of 5.75 and 4.3% below the Forest Products industry median of 3.98. Japan Pulp and Paper Co's overall GF Score™ is 67/100 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 Japan Pulp and Paper Co (TSE:8032), the current Interest Coverage is 3.81 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 Japan Pulp and Paper Co (TSE:8032) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Pulp and Paper Co stock appears to be overvalued. The current stock price of 円1,108.00 is trading 46.4% above its estimated GF Value™ of 円757.08. GuruFocus considers Japan Pulp and Paper Co to be Significantly Overvalued.

Key valuation signals for TSE:8032:

  • Interest Coverage: 3.81 (34% below median its 10-year median of 5.75)
  • GF Value™: 円757.08 vs. price of 円1,108.00 (46.4% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 4.3% below the Forest Products median (#98 of 183)

No single metric tells the full story. See the TSE:8032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Pulp and Paper Co Business Description

Address Forefront Tower, 3-12-1 Kachidoki, Chuo-Ku, Tokyo, JPN, 1048656
Japan Pulp and Paper Co Ltd engages in the manufacture, distribution, and sale of pulp, paper-related products, and plastic, among others. Also, the company is involved in real estate leasing and generation and sale of electricity.
67GF Score

Get the complete analysis for TSE:8032

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

円1,108.00
Price
円757.08
GF Value