Sphere 3DFRA:8S30 -3.79%56 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates FRA:8S30 with a GF Score™ of 56/100 and a GF Value™ of €3.04 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 427 Capital Markets companies, Sphere 3D 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. Sphere 3D's
Operating Income
for the
three
months ended in Mar. 2026 was €-2.84 Mil. Sphere 3D's Interest Expense for the
three
months ended in Mar. 2026 was €0.00 Mil.
Sphere 3D has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Sphere 3D Corp 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 Sphere 3D's Interest Coverage or its related term are showing as below:
FRA:8S30'
s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt
FRA:8S30's Interest Coverage is ranked better than 99.3% of 427
companies
in the Capital Markets industry
Industry Median: 19.12
vs FRA:8S30: No Debt
Sphere 3D (FRA:8S30) 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 .
Sphere 3D Interest Coverage Related Terms
Sphere 3D Interest Coverage Historical Data
* Premium members only.
The historical data trend for Sphere 3D'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.
FRA:8S30 vs NCPL, MEGL, ITEX: Interest Coverage Comparison
For the Capital Markets subindustry, Sphere 3D'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.
Sphere 3D Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Sphere 3D'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?
Sphere 3D (FRA:8S30) 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 Sphere 3D and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Sphere 3D's Interest Coverage has ranged from 10,000.00 to 10,000.00. According to the industry distribution chart, Sphere 3D ranks #3 out of 427 companies in the Capital Markets industry, placing it in the top 0.7%.
Is Sphere 3D's Interest Coverage too high?
Sphere 3D's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00. Based on the distribution chart, Sphere 3D ranks #3 out of 427 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Sphere 3D has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Interest Coverage compare to NCPL and MEGL?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #3 out of 427 companies for Interest Coverage. This places Sphere 3D in the top 1% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 19.12. Historically, Sphere 3D's own Interest Coverage has ranged from 10,000.00 to 10,000.00 over the past decade. 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 Sphere 3D 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. Sphere 3D's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (FRA:8S30) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.04, compared to a current price of €2.54 — trading 16.4% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Sphere 3D's overall GF Score™ is 56/100 with 4 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 Sphere 3D (FRA:8S30), 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.
Is Sphere 3D (FRA:8S30) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of €2.54 is trading 16.4% below its estimated GF Value™ of €3.04.
GuruFocus considers Sphere 3D to be Modestly Undervalued.
Key valuation signals for FRA:8S30:
Interest Coverage: No Debt (1) (100% below median its 10-year median of 10,000.00)
GF Value™: €3.04 vs. price of €2.54 (16.4% below fair value)
No single metric tells the full story. See the FRA:8S30 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
56GF Score
Get the complete analysis for FRA:8S30
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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