Space Co (TSE:9622) Interest Coverage: 835.88 (As of Dec. 2025) — 19% Above Median

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TSE:9622 Space Co Ltd TSE:9622
88 GF Score
Price 円1,433.00
GF Value 円1,492.97
Valuation Fairly Valued
View Full Analysis

What is Space Co Interest Coverage?

Space Co TSE:9622 -0.97% 88 Interest Coverage is 835.88 as of Dec. 2025, which is 19% above its 10-year median of 703.63. GuruFocus rates TSE:9622 with a GF Score™ of 88/100 and a GF Value™ of 円1,492.97 (Fairly Valued). Among 1,358 Construction companies, Space Co ranks better than 94.7% 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. Space Co's Operating Income for the three months ended in Dec. 2025 was 円1,320 Mil. Space Co's Interest Expense for the three months ended in Dec. 2025 was 円-2 Mil. Space Co's interest coverage for the quarter that ended in Dec. 2025 was 835.88. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Space Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:9622' s Interest Coverage Range Over the Past 10 Years
Min: 307.68   Med: 703.63   Max: 1010.74
Current: 765.8


TSE:9622's Interest Coverage is ranked better than
94.7% of 1358 companies
in the Construction industry
Industry Median: 7.94 vs TSE:9622: 765.80

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


Space Co  (TSE:9622) 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 .


Space Co Interest Coverage Related Terms


Space Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Space 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.

Space Co Interest Coverage Chart

Space Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 478.99 471.57 604.27 680.17 770.60

Space 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 1,232.03 624.89 476.74 835.88 1,145.58

TSE:9622 vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Space 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.


Space Co Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Space Co's Interest Coverage distribution charts can be found below:

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


TSE:9622
88GF Score
Space Co Ltd TSE:9622
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Space 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.

Space Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Space Co's Interest Expense was 円-6 Mil. Its Operating Income was 円4,831 Mil. And its Long-Term Debt & Capital Lease Obligation was 円49 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*4830.873/-6.269
=770.60

Space Co's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Space Co's Interest Expense was 円-2 Mil. Its Operating Income was 円1,320 Mil. And its Long-Term Debt & Capital Lease Obligation was 円49 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*1319.855/-1.579
=835.88

* 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 835.88 mean?
Space Co (TSE:9622) has a Interest Coverage of 835.88 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Space Co and its competitors. This is 19% above median its historical median of 703.63. Over the past decade, Space Co's Interest Coverage has ranged from 307.68 to 1,010.74. According to the industry distribution chart, Space Co ranks #72 out of 1358 companies in the Construction industry, placing it in the top 5.3%.
Is Space Co's Interest Coverage too high?
Space Co's current Interest Coverage of 835.88 is 19% above median its 10-year median of 703.63. Over the past 10 years, this metric has ranged from a low of 307.68 to a high of 1,010.74. The Construction industry median Interest Coverage is 7.94. Space Co's value of 835.88 is 10427.5% above this industry median. Based on the distribution chart, Space Co ranks #72 out of 1358 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Space Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #72 out of 1358 companies for Interest Coverage. This places Space Co in the top 5% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.94. Space Co's value of 835.88 is 10427.5% above this benchmark. Historically, Space Co's own Interest Coverage has ranged from 307.68 to 1,010.74 over the past decade. While the company's 10-year median is 703.63 vs. the industry median of 7.94, Space 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 Construction company?
The median Interest Coverage among Construction companies is 7.94, based on 1,358 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. Space Co's current Interest Coverage of 835.88 is 10427.5% 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 Space Co and its competitors. For the Construction industry, the median Interest Coverage is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current Interest Coverage is 835.88, which is 19% above median its own 10-year median of 703.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (TSE:9622) is currently considered Fairly Valued. The stock's GF Value™ is 円1,492.97, compared to a current price of 円1,433.00 — trading 4% below its estimated fair value. The current Interest Coverage is 835.88, which is 19% above median its 10-year median of 703.63 and 10427.5% above the Construction industry median of 7.94. Space Co's overall GF Score™ is 88/100. 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 Space Co (TSE:9622), the current Interest Coverage is 835.88 as of Dec. 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 Space Co (TSE:9622) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of 円1,433.00 is trading 4% below its estimated GF Value™ of 円1,492.97. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for TSE:9622:

  • Interest Coverage: 835.88 (19% above median its 10-year median of 703.63)
  • GF Value™: 円1,492.97 vs. price of 円1,433.00 (4% below fair value)
  • GF Score™: 88/100
  • Industry Position: 10427.5% above the Construction median (#72 of 1358)

No single metric tells the full story. See the TSE:9622 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Co Business Description

Other Exchanges SPAEF:USA
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
88GF Score

Get the complete analysis for TSE:9622

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

円1,433.00
Price
円1,492.97
GF Value