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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. Starts Proceed Investment's
Operating Income
for the
six
months ended in Oct. 2025 was 円1,578 Mil. Starts Proceed Investment's Interest Expense for the
six
months ended in Oct. 2025 was 円-372 Mil.
Starts Proceed Investment's interest coverage for the quarter that ended in Oct. 2025 was 4.24.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Starts Proceed Investment Corp interest coverage is 4.71, which is low.
The historical rank and industry rank for Starts Proceed Investment's Interest Coverage or its related term are showing as below:
TSE:8979'
s Interest Coverage Range Over the Past 10 Years
Min: 4.71 Med: 7.99 Max: 10.53
Current: 4.71
TSE:8979's Interest Coverage is ranked better than 63.7% of 697
companies
in the REITs industry
Industry Median: 3.12
vs TSE:8979: 4.71
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 .
Starts Proceed Investment Interest Coverage Related Terms
Starts Proceed Investment Interest Coverage Historical Data
* 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:8979 vs AVB, EQR, ESS: Interest Coverage Comparison
For the REIT - Residential subindustry, Starts Proceed Investment'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.
Starts Proceed Investment Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment'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.
Starts Proceed Investment (TSE:8979) has a Interest Coverage of 4.24 as of Oct. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Starts Proceed Investment and its competitors. This is 47% below median its historical median of 7.99. Over the past decade, Starts Proceed Investment's Interest Coverage has ranged from 4.71 to 10.53. According to the industry distribution chart, Starts Proceed Investment ranks #253 out of 697 companies in the REITs industry, placing it in the top 36.3%.
Is Starts Proceed Investment's Interest Coverage too high?
Starts Proceed Investment's current Interest Coverage of 4.24 is 47% below median its 10-year median of 7.99. Over the past 10 years, this metric has ranged from a low of 4.71 to a high of 10.53. The REITs industry median Interest Coverage is 3.12. Starts Proceed Investment's value of 4.24 is 35.9% above this industry median. Based on the distribution chart, Starts Proceed Investment ranks #253 out of 697 companies in the REITs industry, which is above the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Interest Coverage compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #253 out of 697 companies for Interest Coverage. This puts Starts Proceed Investment in the upper half of its industry. The industry median Interest Coverage is 3.12. Starts Proceed Investment's value of 4.24 is 35.9% above this benchmark. Historically, Starts Proceed Investment's own Interest Coverage has ranged from 4.71 to 10.53 over the past decade. While the company's 10-year median is 7.99 vs. the industry median of 3.12, Starts Proceed Investment 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 REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 697 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. Starts Proceed Investment's current Interest Coverage of 4.24 is 35.9% 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 Starts Proceed Investment and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current Interest Coverage is 4.24, which is 47% below median its own 10-year median of 7.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,918.35, compared to a current price of 円187,100.00 — trading 11.7% below its estimated fair value. The current Interest Coverage is 4.24, which is 47% below median its 10-year median of 7.99 and 35.9% above the REITs industry median of 3.12. Starts Proceed Investment's overall GF Score™ is 64/100 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 Starts Proceed Investment (TSE:8979), the current Interest Coverage is 4.24 as of Oct. 2025. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円187,100.00 is trading 11.7% below its estimated GF Value™ of 円211,918.35.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
Interest Coverage: 4.24 (47% below median its 10-year median of 7.99)
GF Value™: 円211,918.35 vs. price of 円187,100.00 (11.7% below fair value)
Industry Position: 35.9% above the REITs median (#253 of 697)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
Get the complete analysis for TSE:8979
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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