As One (TSE:7476) Interest Coverage: 425.38 (As of Mar. 2026) — 41% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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:7476 As One Corp TSE:7476
90 GF Score
Price 円2,390.00
GF Value 円3,099.21
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is As One Interest Coverage?

As One TSE:7476 +3.08% 90 Interest Coverage is 425.38 as of Mar. 2026, which is 41% below its 10-year median of 718.42. GuruFocus rates TSE:7476 with a GF Score™ of 90/100 and a GF Value™ of 円3,099.21 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 90 Medical Distribution companies, As One ranks better than 90% 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. As One's Operating Income for the three months ended in Mar. 2026 was 円3,403 Mil. As One's Interest Expense for the three months ended in Mar. 2026 was 円-8 Mil. As One's interest coverage for the quarter that ended in Mar. 2026 was 425.38. 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. As One Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:7476' s Interest Coverage Range Over the Past 10 Years
Min: 117.71   Med: 718.42   Max: 3882.91
Current: 360.34


TSE:7476's Interest Coverage is ranked better than
90% of 90 companies
in the Medical Distribution industry
Industry Median: 6.665 vs TSE:7476: 360.34

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


As One  (TSE:7476) 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 .


As One Interest Coverage Related Terms


As One Interest Coverage Historical Data

* Premium members only.

The historical data trend for As One'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.

As One Interest Coverage Chart

As One 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 3,225.77 3,882.91 2,609.00 1,449.25 346.97

As One Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 312.60 321.22 341.80 425.38 361.91

TSE:7476 vs MCK, COR, CAH: Interest Coverage Comparison

For the Medical Distribution subindustry, As One'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.


As One Interest Coverage vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, As One's Interest Coverage distribution charts can be found below:

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


TSE:7476
90GF Score
As One Corp TSE:7476
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

As One 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.

As One'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, As One's Interest Expense was 円-37 Mil. Its Operating Income was 円12,838 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,630 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*12838/-37
=346.97

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

Here, for the three months ended in Mar. 2026, As One's Interest Expense was 円-8 Mil. Its Operating Income was 円3,403 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,630 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3403/-8
=425.38

* 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 425.38 mean?
As One (TSE:7476) has a Interest Coverage of 425.38 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on As One and its competitors. This is 41% below median its historical median of 718.42. Over the past decade, As One's Interest Coverage has ranged from 117.71 to 3,882.91. According to the industry distribution chart, As One ranks #9 out of 90 companies in the Medical Distribution industry, placing it in the top 10%.
Is As One's Interest Coverage too high?
As One's current Interest Coverage of 425.38 is 41% below median its 10-year median of 718.42. Over the past 10 years, this metric has ranged from a low of 117.71 to a high of 3,882.91. The Medical Distribution industry median Interest Coverage is 6.67. As One's value of 425.38 is 6282.3% above this industry median. Based on the distribution chart, As One ranks #9 out of 90 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, As One has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does As One's Interest Coverage compare to MCK and COR?
According to the Medical Distribution industry distribution chart, As One ranks #9 out of 90 companies for Interest Coverage. This places As One in the top 10% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 6.67. As One's value of 425.38 is 6282.3% above this benchmark. Historically, As One's own Interest Coverage has ranged from 117.71 to 3,882.91 over the past decade. While the company's 10-year median is 718.42 vs. the industry median of 6.67, As One 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 Medical Distribution company?
The median Interest Coverage among Medical Distribution companies is 6.67, based on 90 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. As One's current Interest Coverage of 425.38 is 6282.3% 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 As One and its competitors. For the Medical Distribution industry, the median Interest Coverage is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. As One's current Interest Coverage is 425.38, which is 41% below median its own 10-year median of 718.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is As One stock overvalued right now?
Based on GuruFocus' analysis, As One (TSE:7476) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,099.21, compared to a current price of 円2,390.00 — trading 22.9% below its estimated fair value. The current Interest Coverage is 425.38, which is 41% below median its 10-year median of 718.42 and 6282.3% above the Medical Distribution industry median of 6.67. As One's overall GF Score™ is 90/100 with 1 warning sign 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 As One (TSE:7476), the current Interest Coverage is 425.38 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 As One (TSE:7476) Overvalued in 2026?

Based on GuruFocus' analysis, As One stock appears to be undervalued. The current stock price of 円2,390.00 is trading 22.9% below its estimated GF Value™ of 円3,099.21. GuruFocus considers As One to be Modestly Undervalued.

Key valuation signals for TSE:7476:

  • Interest Coverage: 425.38 (41% below median its 10-year median of 718.42)
  • GF Value™: 円3,099.21 vs. price of 円2,390.00 (22.9% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 6282.3% above the Medical Distribution median (#9 of 90)

No single metric tells the full story. See the TSE:7476 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


As One Business Description

Address Edobori 2-1-27 Nishi-ku, Osaka, JPN
As One Corp is a trading engaged in sale of scientific instruments, industrial instruments, hospital or nursing instruments and approach to specialized fields. The company generates maximum revenue from scientific instrument product line which includes measuring instruments; cultivation, separation, analysis products such as microscopes, glass slides, and tissue culture products; Equipment / storage / conveyance products such as experimental platforms, fume hoods; Vessels or containers which includes storage of samples, reagents; Necessities for experiments including glass or plastic beakers, flask indispensable for experiments, hoses, tubes, joints, plus paper products such as tapes and labels; Equipment for laboratories like timers, packaging machines, tools, office supplies.
90GF Score

Get the complete analysis for TSE:7476

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

円2,390.00
Price
円3,099.21
GF Value