Note (TSE:5243) Interest Coverage: 30.41 (As of Nov. 2025) — 46% Below Median


TSE:5243 Note Inc TSE:5243
55 GF Score
Price 円1,838.00
GF Value 円995.67
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Note Interest Coverage?

Note TSE:5243 +5.33% 55 Interest Coverage is 30.41 as of Nov. 2025, which is 46% below its 10-year median of 56.16. GuruFocus rates TSE:5243 with a GF Score™ of 55/100 and a GF Value™ of 円995.67 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,705 Software companies, Note ranks better than 56.95% 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. Note's Operating Income for the three months ended in Nov. 2025 was 円129 Mil. Note's Interest Expense for the three months ended in Nov. 2025 was 円-4 Mil. Note's interest coverage for the quarter that ended in Nov. 2025 was 30.41. The higher the ratio, the stronger the company's financial strength is.

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

TSE:5243' s Interest Coverage Range Over the Past 10 Years
Min: 35.18   Med: 56.16   Max: 77.14
Current: 43.08


TSE:5243's Interest Coverage is ranked better than
56.95% of 1705 companies
in the Software industry
Industry Median: 24.78 vs TSE:5243: 43.08

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


Note  (TSE:5243) 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 .


Note Interest Coverage Related Terms


Note Interest Coverage Historical Data

* Premium members only.

The historical data trend for Note'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.

Note Interest Coverage Chart

Note Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Interest Coverage
Get a 7-Day Free Trial 0.00 0.00 0.00 77.14 35.18

Note Quarterly Data
Nov20 Nov21 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 62.73 201.64 36.16 30.41 57.53

TSE:5243 vs UBER, SHOP, CRM: Interest Coverage Comparison

For the Software - Application subindustry, Note'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.


Note Interest Coverage vs Software Industry

For the Software industry and Technology sector, Note's Interest Coverage distribution charts can be found below:

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


TSE:5243
55GF Score
Note Inc TSE:5243
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Note 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.

Note's Interest Coverage for the fiscal year that ended in Nov. 2025 is calculated as

Here, for the fiscal year that ended in Nov. 2025, Note's Interest Expense was 円-7 Mil. Its Operating Income was 円256 Mil. And its Long-Term Debt & Capital Lease Obligation was 円613 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2025 )/Interest Expense (A: Nov. 2025 )
=-1*256.142/-7.28
=35.18

Note's Interest Coverage for the quarter that ended in Nov. 2025 is calculated as

Here, for the three months ended in Nov. 2025, Note's Interest Expense was 円-4 Mil. Its Operating Income was 円129 Mil. And its Long-Term Debt & Capital Lease Obligation was 円613 Mil.

Interest Coverage=-1* Operating Income (Q: Nov. 2025 )/Interest Expense (Q: Nov. 2025 )
=-1*128.831/-4.236
=30.41

* 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 30.41 mean?
Note (TSE:5243) has a Interest Coverage of 30.41 as of Nov. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Note and its competitors. This is 46% below median its historical median of 56.16. Over the past decade, Note's Interest Coverage has ranged from 35.18 to 77.14. According to the industry distribution chart, Note ranks #734 out of 1705 companies in the Software industry, placing it in the top 43%.
Is Note's Interest Coverage too high?
Note's current Interest Coverage of 30.41 is 46% below median its 10-year median of 56.16. Over the past 10 years, this metric has ranged from a low of 35.18 to a high of 77.14. The Software industry median Interest Coverage is 24.78. Note's value of 30.41 is 22.7% above this industry median. Based on the distribution chart, Note ranks #734 out of 1705 companies in the Software industry, which is above the industry midpoint. Overall, Note has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Note's Interest Coverage compare to UBER and SHOP?
According to the Software industry distribution chart, Note ranks #734 out of 1705 companies for Interest Coverage. This puts Note in the upper half of its industry. The industry median Interest Coverage is 24.78. Note's value of 30.41 is 22.7% above this benchmark. Historically, Note's own Interest Coverage has ranged from 35.18 to 77.14 over the past decade. While the company's 10-year median is 56.16 vs. the industry median of 24.78, Note 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 Software company?
The median Interest Coverage among Software companies is 24.78, based on 1,705 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. Note's current Interest Coverage of 30.41 is 22.7% 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 Note and its competitors. For the Software industry, the median Interest Coverage is 24.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note's current Interest Coverage is 30.41, which is 46% below median its own 10-year median of 56.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note stock overvalued right now?
Based on GuruFocus' analysis, Note (TSE:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is 円995.67, compared to a current price of 円1,838.00 — trading 84.6% above its estimated fair value. The current Interest Coverage is 30.41, which is 46% below median its 10-year median of 56.16 and 22.7% above the Software industry median of 24.78. Note's overall GF Score™ is 55/100 with 3 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 Note (TSE:5243), the current Interest Coverage is 30.41 as of Nov. 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 Note (TSE:5243) Overvalued in 2026?

Based on GuruFocus' analysis, Note stock appears to be overvalued. The current stock price of 円1,838.00 is trading 84.6% above its estimated GF Value™ of 円995.67. GuruFocus considers Note to be Significantly Overvalued.

Key valuation signals for TSE:5243:

  • Interest Coverage: 30.41 (46% below median its 10-year median of 56.16)
  • GF Value™: 円995.67 vs. price of 円1,838.00 (84.6% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 22.7% above the Software median (#734 of 1705)

No single metric tells the full story. See the TSE:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Note Business Description

Address 3-1-2 Kitaaoyama, Minato-ku, Tokyo, JPN, 107-0061
Website https://note.jp
Note Inc is engaged in the operation of C2C content platform.
55GF Score

Get the complete analysis for TSE:5243

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

円1,838.00
Price
円995.67
GF Value