Hyperliquid StrategiesFRA:3HD +2.67%13 Interest Coverage is No Debt (1) as of Mar. 2026. GuruFocus rates FRA:3HD with a GF Score™ of 13/100. Among 427 Capital Markets companies, Hyperliquid Strategies ranks better than 99.3% 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. Hyperliquid Strategies's
Operating Income
for the
three
months ended in Mar. 2026 was €-4.00 Mil. Hyperliquid Strategies's Interest Expense for the
three
months ended in Mar. 2026 was €0.00 Mil.
Hyperliquid Strategies has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Hyperliquid Strategies Inc has no debt.
(1) 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.
The historical rank and industry rank for Hyperliquid Strategies's Interest Coverage or its related term are showing as below:
FRA:3HD'
s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: No Debt
Current: No Debt
FRA:3HD's Interest Coverage is ranked better than 99.3% of 427
companies
in the Capital Markets industry
Industry Median: 19.12
vs FRA:3HD: No Debt
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 .
Hyperliquid Strategies Interest Coverage Related Terms
Hyperliquid Strategies Interest Coverage Historical Data
* Premium members only.
The historical data trend for Hyperliquid Strategies'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.
Hyperliquid Strategies Interest Coverage Chart
Hyperliquid Strategies Annual Data
Trend
Interest Coverage
Hyperliquid Strategies Quarterly Data
Jun25
Sep25
Dec25
Mar26
Interest Coverage
No Debt
No Debt
No Debt
No Debt
FRA:3HD vs PWP, GOLD, SBET: Interest Coverage Comparison
For the Capital Markets subindustry, Hyperliquid Strategies'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.
Hyperliquid Strategies Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hyperliquid Strategies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Hyperliquid Strategies's Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Hyperliquid Strategies (FRA:3HD) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hyperliquid Strategies and its competitors. According to the industry distribution chart, Hyperliquid Strategies ranks #3 out of 427 companies in the Capital Markets industry, placing it in the top 0.7%.
Is Hyperliquid Strategies' Interest Coverage too high?
Hyperliquid Strategies' current Interest Coverage is No Debt (1). Based on the distribution chart, Hyperliquid Strategies ranks #3 out of 427 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Hyperliquid Strategies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hyperliquid Strategies' Interest Coverage compare to PWP and GOLD?
According to the Capital Markets industry distribution chart, Hyperliquid Strategies ranks #3 out of 427 companies for Interest Coverage. This places Hyperliquid Strategies in the top 1% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 19.12. 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.12, based on 427 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 Hyperliquid Strategies and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyperliquid Strategies's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyperliquid Strategies stock overvalued right now?
Hyperliquid Strategies (FRA:3HD) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Hyperliquid Strategies' overall GF Score™ is 13/100. 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 Hyperliquid Strategies (FRA:3HD), the current Interest Coverage is No Debt (1) 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.
Address477 Madison Avenue, 22nd Floor, New York, NY, USA, 10022
Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is positioned to become the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets.
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