CanaanMEX:CAN 52 Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus rates MEX:CAN with a GF Score™ of 52/100 and a GF Value™ of MXN13.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,671 Hardware companies, Canaan ranks worse than 59844.34% 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. Canaan's
Operating Income
for the
three
months ended in Mar. 2026 was MXN-983 Mil. Canaan's Interest Expense for the
three
months ended in Mar. 2026 was MXN-17 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 Canaan's Interest Coverage or its related term are showing as below:
MEX:CAN's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 13.79 * Ranked among companies with meaningful Interest Coverage only.
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 .
Canaan Interest Coverage Related Terms
Canaan Interest Coverage Historical Data
* Premium members only.
The historical data trend for Canaan'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.
MEX:CAN vs BGIN, NNDM, OSS: Interest Coverage Comparison
For the Computer Hardware subindustry, Canaan'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.
Canaan Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Canaan's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Canaan'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:
Canaan 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.
What does a Interest Coverage of 0 (At Loss) mean?
Canaan (MEX:CAN) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canaan and its competitors. According to the industry distribution chart, Canaan ranks #999999 out of 1671 companies in the Hardware industry.
Is Canaan's Interest Coverage too high?
Canaan's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Canaan ranks #999999 out of 1671 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Canaan has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Interest Coverage compare to BGIN and NNDM?
According to the Hardware industry distribution chart, Canaan ranks #999999 out of 1671 companies for Interest Coverage. This places Canaan in the lower half of its industry. The industry median Interest Coverage is 13.79. 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 13.79, based on 1,671 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 Canaan and its competitors. For the Hardware industry, the median Interest Coverage is 13.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canaan'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 Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (MEX:CAN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN13.72, compared to a current price of MXN6.20 — trading 54.8% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Canaan's overall GF Score™ is 52/100 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 Canaan (MEX:CAN), the current Interest Coverage is 0 (At Loss) 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 Canaan (MEX:CAN) Overvalued in 2026?
Based on GuruFocus' analysis, Canaan stock appears to be undervalued.
The current stock price of MXN6.20 is trading 54.8% below its estimated GF Value™ of MXN13.72.
GuruFocus considers Canaan to be Possible Value Trap.
Key valuation signals for MEX:CAN:
Interest Coverage: 0 (At Loss)
GF Value™: MXN13.72 vs. price of MXN6.20 (54.8% below fair value)
No single metric tells the full story. See the MEX:CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
52GF Score
Get the complete analysis for MEX:CAN
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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