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Canlan Ice SportsTSX:ICE 72 Interest Coverage is 8.81 as of Mar. 2026, which is 345% above its 10-year median of 1.98. GuruFocus rates TSX:ICE with a GF Score™ of 72/100 and a GF Value™ of C$4.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 608 Travel & Leisure companies, Canlan Ice Sports ranks worse than 70.89% 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. Canlan Ice Sports's
Operating Income
for the
three
months ended in Mar. 2026 was C$6.7 Mil. Canlan Ice Sports's Interest Expense for the
three
months ended in Mar. 2026 was C$-0.8 Mil.
Canlan Ice Sports's interest coverage for the quarter that ended in Mar. 2026 was 8.81.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Canlan Ice Sports's Interest Coverage or its related term are showing as below:
TSX:ICE'
s Interest Coverage Range Over the Past 10 Years
Min: 0.68 Med: 1.98 Max: 3.38
Current: 2.61
TSX:ICE's Interest Coverage is ranked worse than 70.89% of 608
companies
in the Travel & Leisure industry
Industry Median: 5.35
vs TSX:ICE: 2.61
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 .
Canlan Ice Sports Interest Coverage Related Terms
Canlan Ice Sports Interest Coverage Historical Data
* Premium members only.
The historical data trend for Canlan Ice Sports'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.
TSX:ICE vs AS, HAS, LTH: Interest Coverage Comparison
For the Leisure subindustry, Canlan Ice Sports'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.
Canlan Ice Sports Interest Coverage vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Canlan Ice Sports's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Canlan Ice Sports'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.
Canlan Ice Sports (TSX:ICE) has a Interest Coverage of 8.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canlan Ice Sports and its competitors. This is 345% above median its historical median of 1.98. Over the past decade, Canlan Ice Sports' Interest Coverage has ranged from 0.68 to 3.38. According to the industry distribution chart, Canlan Ice Sports ranks #431 out of 608 companies in the Travel & Leisure industry, placing it in the top 70.9%.
Is Canlan Ice Sports' Interest Coverage too high?
Canlan Ice Sports' current Interest Coverage of 8.81 is 345% above median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 3.38. The Travel & Leisure industry median Interest Coverage is 5.35. Canlan Ice Sports' value of 8.81 is 64.7% above this industry median. Based on the distribution chart, Canlan Ice Sports ranks #431 out of 608 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Canlan Ice Sports has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canlan Ice Sports' Interest Coverage compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Canlan Ice Sports ranks #431 out of 608 companies for Interest Coverage. This places Canlan Ice Sports in the lower half of its industry. The industry median Interest Coverage is 5.35. Canlan Ice Sports' value of 8.81 is 64.7% above this benchmark. Historically, Canlan Ice Sports' own Interest Coverage has ranged from 0.68 to 3.38 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 5.35, Canlan Ice Sports 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 Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 608 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. Canlan Ice Sports's current Interest Coverage of 8.81 is 64.7% 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 Canlan Ice Sports and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canlan Ice Sports's current Interest Coverage is 8.81, which is 345% above median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canlan Ice Sports stock overvalued right now?
Based on GuruFocus' analysis, Canlan Ice Sports (TSX:ICE) is currently considered Fairly Valued. The stock's GF Value™ is C$4.59, compared to a current price of C$4.36 — trading 5% below its estimated fair value. The current Interest Coverage is 8.81, which is 345% above median its 10-year median of 1.98 and 64.7% above the Travel & Leisure industry median of 5.35. Canlan Ice Sports' overall GF Score™ is 72/100 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 Canlan Ice Sports (TSX:ICE), the current Interest Coverage is 8.81 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 Canlan Ice Sports (TSX:ICE) Overvalued in 2026?
Based on GuruFocus' analysis, Canlan Ice Sports stock appears to be undervalued.
The current stock price of C$4.36 is trading 5% below its estimated GF Value™ of C$4.59.
GuruFocus considers Canlan Ice Sports to be Fairly Valued.
Key valuation signals for TSX:ICE:
Interest Coverage: 8.81 (345% above median its 10-year median of 1.98)
GF Value™: C$4.59 vs. price of C$4.36 (5% below fair value)
Industry Position: 64.7% above the Travel & Leisure median (#431 of 608)
No single metric tells the full story. See the TSX:ICE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment, which is an Ice rink and recreational facilities, that derives revenue from food and beverage, sports stores, sponsorship, Others, space rental, management, and consulting fees. Geographically, it generates the majority of its revenue from Canada.
72GF Score
Get the complete analysis for TSX:ICE
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