Makiya Co (TSE:9890) Interest Coverage: 40.66 (As of Mar. 2026) — 19% Below Median

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TSE:9890 Makiya Co Ltd TSE:9890
84 GF Score
Price 円1,397.00
GF Value 円1,251.36
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Makiya Co Interest Coverage?

Makiya Co TSE:9890 +1.97% 84 Interest Coverage is 40.66 as of Mar. 2026, which is 19% below its 10-year median of 50.10. GuruFocus rates TSE:9890 with a GF Score™ of 84/100 and a GF Value™ of 円1,251.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 255 Retail - Defensive companies, Makiya Co ranks better than 77.25% 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. Makiya Co's Operating Income for the six months ended in Mar. 2026 was 円1,147 Mil. Makiya Co's Interest Expense for the six months ended in Mar. 2026 was 円-28 Mil. Makiya Co's interest coverage for the quarter that ended in Mar. 2026 was 40.66. The higher the ratio, the stronger the company's financial strength is.

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

TSE:9890' s Interest Coverage Range Over the Past 10 Years
Min: 11.75   Med: 50.1   Max: 124.8
Current: 41.27


TSE:9890's Interest Coverage is ranked better than
77.25% of 255 companies
in the Retail - Defensive industry
Industry Median: 8.79 vs TSE:9890: 41.27

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


Makiya Co  (TSE:9890) 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 .


Makiya Co Interest Coverage Related Terms


Makiya Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Makiya 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.

Makiya Co Interest Coverage Chart

Makiya 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 92.76 85.77 101.16 58.93 41.27

Makiya 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 99.11 51.95 65.02 42.02 40.66

TSE:9890 vs KR: Interest Coverage Comparison

For the Grocery Stores subindustry, Makiya 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.


Makiya Co Interest Coverage vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Makiya Co's Interest Coverage distribution charts can be found below:

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


TSE:9890
84GF Score
Makiya Co Ltd TSE:9890
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makiya 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.

Makiya 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, Makiya Co's Interest Expense was 円-52 Mil. Its Operating Income was 円2,134 Mil. And its Long-Term Debt & Capital Lease Obligation was 円3,462 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*2133.795/-51.698
=41.27

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

Here, for the six months ended in Mar. 2026, Makiya Co's Interest Expense was 円-28 Mil. Its Operating Income was 円1,147 Mil. And its Long-Term Debt & Capital Lease Obligation was 円3,462 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1147.211/-28.217
=40.66

* 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 40.66 mean?
Makiya Co (TSE:9890) has a Interest Coverage of 40.66 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Makiya Co and its competitors. This is 19% below median its historical median of 50.10. Over the past decade, Makiya Co's Interest Coverage has ranged from 11.75 to 124.80. According to the industry distribution chart, Makiya Co ranks #58 out of 255 companies in the Retail - Defensive industry, placing it in the top 22.7%.
Is Makiya Co's Interest Coverage too high?
Makiya Co's current Interest Coverage of 40.66 is 19% below median its 10-year median of 50.10. Over the past 10 years, this metric has ranged from a low of 11.75 to a high of 124.80. The Retail - Defensive industry median Interest Coverage is 8.79. Makiya Co's value of 40.66 is 362.6% above this industry median. Based on the distribution chart, Makiya Co ranks #58 out of 255 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Makiya Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makiya Co's Interest Coverage compare to KR?
According to the Retail - Defensive industry distribution chart, Makiya Co ranks #58 out of 255 companies for Interest Coverage. This places Makiya Co in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.79. Makiya Co's value of 40.66 is 362.6% above this benchmark. Historically, Makiya Co's own Interest Coverage has ranged from 11.75 to 124.80 over the past decade. While the company's 10-year median is 50.10 vs. the industry median of 8.79, Makiya 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 Retail - Defensive company?
The median Interest Coverage among Retail - Defensive companies is 8.79, based on 255 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. Makiya Co's current Interest Coverage of 40.66 is 362.6% 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 Makiya Co and its competitors. For the Retail - Defensive industry, the median Interest Coverage is 8.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makiya Co's current Interest Coverage is 40.66, which is 19% below median its own 10-year median of 50.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makiya Co stock overvalued right now?
Based on GuruFocus' analysis, Makiya Co (TSE:9890) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,251.36, compared to a current price of 円1,397.00 — trading 11.6% above its estimated fair value. The current Interest Coverage is 40.66, which is 19% below median its 10-year median of 50.10 and 362.6% above the Retail - Defensive industry median of 8.79. Makiya Co's overall GF Score™ is 84/100 with 5 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 Makiya Co (TSE:9890), the current Interest Coverage is 40.66 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 Makiya Co (TSE:9890) Overvalued in 2026?

Based on GuruFocus' analysis, Makiya Co stock appears to be overvalued. The current stock price of 円1,397.00 is trading 11.6% above its estimated GF Value™ of 円1,251.36. GuruFocus considers Makiya Co to be Modestly Overvalued.

Key valuation signals for TSE:9890:

  • Interest Coverage: 40.66 (19% below median its 10-year median of 50.10)
  • GF Value™: 円1,251.36 vs. price of 円1,397.00 (11.6% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 362.6% above the Retail - Defensive median (#58 of 255)

No single metric tells the full story. See the TSE:9890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Makiya Co Business Description

Address Obuchi 2373, Shizuoka, Fuji City, JPN
Makiya Co Ltd is engaged in operating chain stores. The stores are operated under the name Espot, Potato, and Mamy in Japan.
84GF Score

Get the complete analysis for TSE:9890

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

円1,397.00
Price
円1,251.36
GF Value