Airport Facilities Co (TSE:8864) Interest Coverage: 19.76 (As of Mar. 2026) — 85% Above Median


TSE:8864 Airport Facilities Co Ltd TSE:8864
81 GF Score
Price 円938.00
GF Value 円871.06
Valuation Fairly Valued
! 2 Warning Signs
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What is Airport Facilities Co Interest Coverage?

Airport Facilities Co TSE:8864 +1.96% 81 Interest Coverage is 19.76 as of Mar. 2026, which is 85% above its 10-year median of 10.69. GuruFocus rates TSE:8864 with a GF Score™ of 81/100 and a GF Value™ of 円871.06 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,300 Real Estate companies, Airport Facilities Co ranks better than 77.69% 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. Airport Facilities Co's Operating Income for the six months ended in Mar. 2026 was 円3,340 Mil. Airport Facilities Co's Interest Expense for the six months ended in Mar. 2026 was 円-169 Mil. Airport Facilities Co's interest coverage for the quarter that ended in Mar. 2026 was 19.76. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8864' s Interest Coverage Range Over the Past 10 Years
Min: 8.71   Med: 10.69   Max: 21.9
Current: 21.9


TSE:8864's Interest Coverage is ranked better than
77.69% of 1300 companies
in the Real Estate industry
Industry Median: 4.245 vs TSE:8864: 21.90

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


Airport Facilities Co  (TSE:8864) 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 .


Airport Facilities Co Interest Coverage Related Terms


Airport Facilities Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Airport Facilities 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.

Airport Facilities Co Interest Coverage Chart

Airport Facilities 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 10.59 8.71 11.19 14.25 21.90

Airport Facilities 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 8.20 16.11 12.39 24.52 19.76

TSE:8864 vs CBRE, BEKE, JLL: Interest Coverage Comparison

For the Real Estate Services subindustry, Airport Facilities 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.


Airport Facilities Co Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport Facilities Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Airport Facilities Co's Interest Coverage falls into.


TSE:8864
81GF Score
Airport Facilities Co Ltd TSE:8864
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Airport Facilities 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.

Airport Facilities 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, Airport Facilities Co's Interest Expense was 円-307 Mil. Its Operating Income was 円6,724 Mil. And its Long-Term Debt & Capital Lease Obligation was 円23,524 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*6724/-307
=21.90

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

Here, for the six months ended in Mar. 2026, Airport Facilities Co's Interest Expense was 円-169 Mil. Its Operating Income was 円3,340 Mil. And its Long-Term Debt & Capital Lease Obligation was 円23,524 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3340/-169
=19.76

* 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 19.76 mean?
Airport Facilities Co (TSE:8864) has a Interest Coverage of 19.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Airport Facilities Co and its competitors. This is 85% above median its historical median of 10.69. Over the past decade, Airport Facilities Co's Interest Coverage has ranged from 8.71 to 21.90. According to the industry distribution chart, Airport Facilities Co ranks #290 out of 1300 companies in the Real Estate industry, placing it in the top 22.3%.
Is Airport Facilities Co's Interest Coverage too high?
Airport Facilities Co's current Interest Coverage of 19.76 is 85% above median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 8.71 to a high of 21.90. The Real Estate industry median Interest Coverage is 4.25. Airport Facilities Co's value of 19.76 is 365.5% above this industry median. Based on the distribution chart, Airport Facilities Co ranks #290 out of 1300 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Airport Facilities Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airport Facilities Co's Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Airport Facilities Co ranks #290 out of 1300 companies for Interest Coverage. This places Airport Facilities Co in the top 22% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.25. Airport Facilities Co's value of 19.76 is 365.5% above this benchmark. Historically, Airport Facilities Co's own Interest Coverage has ranged from 8.71 to 21.90 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 4.25, Airport Facilities Co 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,300 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. Airport Facilities Co's current Interest Coverage of 19.76 is 365.5% 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 Airport Facilities Co and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airport Facilities Co's current Interest Coverage is 19.76, which is 85% above median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airport Facilities Co stock overvalued right now?
Based on GuruFocus' analysis, Airport Facilities Co (TSE:8864) is currently considered Fairly Valued. The stock's GF Value™ is 円871.06, compared to a current price of 円938.00 — trading 7.7% above its estimated fair value. The current Interest Coverage is 19.76, which is 85% above median its 10-year median of 10.69 and 365.5% above the Real Estate industry median of 4.25. Airport Facilities Co's overall GF Score™ is 81/100 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 Airport Facilities Co (TSE:8864), the current Interest Coverage is 19.76 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 Airport Facilities Co (TSE:8864) Overvalued in 2026?

Based on GuruFocus' analysis, Airport Facilities Co stock appears to be overvalued. The current stock price of 円938.00 is trading 7.7% above its estimated GF Value™ of 円871.06. GuruFocus considers Airport Facilities Co to be Fairly Valued.

Key valuation signals for TSE:8864:

  • Interest Coverage: 19.76 (85% above median its 10-year median of 10.69)
  • GF Value™: 円871.06 vs. price of 円938.00 (7.7% above fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 365.5% above the Real Estate median (#290 of 1300)

No single metric tells the full story. See the TSE:8864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airport Facilities Co Business Description

Address 1-6-5 Haneda Airport, Ota-ku, 6-7F, Sogo Building No. 5, Tokyo, JPN, 144-0041
Airport Facilities Co Ltd is engaged in real estate leasing, heat supply business, and water supply and drainage management businesses. The company generates the majority of its revenue from the Real Estate business.
81GF Score

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

円938.00
Price
円871.06
GF Value