TRaaS On Product (TSE:6696) Interest Coverage: 0 (At Loss) (As of Jan. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6696 TRaaS On Product Inc TSE:6696
45 GF Score
Price 円315.00
GF Value 円469.89
Valuation Possible Value Trap
! 2 Warning Signs
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What is TRaaS On Product Interest Coverage?

TRaaS On Product TSE:6696 -0.94% 45 Interest Coverage is 0 (At Loss) as of Jan. 2026. GuruFocus rates TSE:6696 with a GF Score™ of 45/100 and a GF Value™ of 円469.89 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,677 Hardware companies, TRaaS On Product ranks worse than 59630.23% 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. TRaaS On Product's Operating Income for the three months ended in Jan. 2026 was 円-2.2 Mil. TRaaS On Product's Interest Expense for the three months ended in Jan. 2026 was 円-0.6 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


TSE:6696's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 15.19
* Ranked among companies with meaningful Interest Coverage only.

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


TRaaS On Product  (TSE:6696) 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 .


TRaaS On Product Interest Coverage Related Terms


TRaaS On Product Interest Coverage Historical Data

* Premium members only.

The historical data trend for TRaaS On Product'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.

TRaaS On Product Interest Coverage Chart

TRaaS On Product Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 15.36 0.00

TRaaS On Product Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 68.24 0.00 0.00 0.00 0.00

TSE:6696 vs CSCO, MSI, LITE: Interest Coverage Comparison

For the Communication Equipment subindustry, TRaaS On Product'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.


TRaaS On Product Interest Coverage vs Hardware Industry

For the Hardware industry and Technology sector, TRaaS On Product's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TRaaS On Product's Interest Coverage falls into.


TSE:6696
45GF Score
TRaaS On Product Inc TSE:6696
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRaaS On Product 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.

TRaaS On Product's Interest Coverage for the fiscal year that ended in Jan. 2026 is calculated as

Here, for the fiscal year that ended in Jan. 2026, TRaaS On Product's Interest Expense was 円-1.2 Mil. Its Operating Income was 円-36.1 Mil. And its Long-Term Debt & Capital Lease Obligation was 円122.7 Mil.

TRaaS On Product did not have earnings to cover the interest expense.

TRaaS On Product's Interest Coverage for the quarter that ended in Jan. 2026 is calculated as

Here, for the three months ended in Jan. 2026, TRaaS On Product's Interest Expense was 円-0.6 Mil. Its Operating Income was 円-2.2 Mil. And its Long-Term Debt & Capital Lease Obligation was 円122.7 Mil.

TRaaS On Product did not have earnings to cover the 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.

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 0 (At Loss) mean?
TRaaS On Product (TSE:6696) has a Interest Coverage of 0 (At Loss) as of Jan. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TRaaS On Product and its competitors. According to the industry distribution chart, TRaaS On Product ranks #999999 out of 1677 companies in the Hardware industry.
Is TRaaS On Product's Interest Coverage too high?
TRaaS On Product's current Interest Coverage is 0 (At Loss). Based on the distribution chart, TRaaS On Product ranks #999999 out of 1677 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TRaaS On Product has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's Interest Coverage compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #999999 out of 1677 companies for Interest Coverage. This places TRaaS On Product in the lower half of its industry. The industry median Interest Coverage is 15.19. 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 Hardware company?
The median Interest Coverage among Hardware companies is 15.19, based on 1,677 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. 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 TRaaS On Product and its competitors. For the Hardware industry, the median Interest Coverage is 15.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円469.89, compared to a current price of 円315.00 — trading 33% below its estimated fair value. The current Interest Coverage is 0 (At Loss). TRaaS On Product's overall GF Score™ is 45/100 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 TRaaS On Product (TSE:6696), the current Interest Coverage is 0 (At Loss) as of Jan. 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 TRaaS On Product (TSE:6696) Overvalued in 2026?

Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued. The current stock price of 円315.00 is trading 33% below its estimated GF Value™ of 円469.89. GuruFocus considers TRaaS On Product to be Possible Value Trap.

Key valuation signals for TSE:6696:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: 円469.89 vs. price of 円315.00 (33% below fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRaaS On Product Business Description

Address 2-9-30 Kitasaiwai, Nishi Ward, Yokohama Nishiguchi Kato Building2nd floor, Kanagawa Prefecture, Yokohama, JPN, 220-0004
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
45GF Score

Get the complete analysis for TSE:6696

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

円315.00
Price
円469.89
GF Value