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Spartan DeltaTSX:SDE -1.30%52 Interest Coverage is 11.02 as of Mar. 2026, which is 14% below its 10-year median of 12.76. GuruFocus rates TSX:SDE with a GF Score™ of 52/100 and a GF Value™ of C$5.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 731 Oil & Gas companies, Spartan Delta ranks better than 54.58% 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. Spartan Delta's
Operating Income
for the
three
months ended in Mar. 2026 was C$40.1 Mil. Spartan Delta's Interest Expense for the
three
months ended in Mar. 2026 was C$-3.6 Mil.
Spartan Delta's interest coverage for the quarter that ended in Mar. 2026 was 11.02.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Spartan Delta's Interest Coverage or its related term are showing as below:
TSX:SDE'
s Interest Coverage Range Over the Past 10 Years
Min: 2.33 Med: 12.76 Max: No Debt
Current: 7.14
TSX:SDE's Interest Coverage is ranked better than 54.58% of 731
companies
in the Oil & Gas industry
Industry Median: 6.07
vs TSX:SDE: 7.14
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 .
Spartan Delta Interest Coverage Related Terms
Spartan Delta Interest Coverage Historical Data
* Premium members only.
The historical data trend for Spartan Delta'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:SDE vs COP, EOG, FANG: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Spartan Delta'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.
Spartan Delta Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Spartan Delta's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Spartan Delta'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.
Spartan Delta (TSX:SDE) has a Interest Coverage of 11.02 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spartan Delta and its competitors. This is 14% below median its historical median of 12.76. Over the past decade, Spartan Delta's Interest Coverage has ranged from 2.33 to 10,000.00. According to the industry distribution chart, Spartan Delta ranks #332 out of 731 companies in the Oil & Gas industry, placing it in the top 45.4%.
Is Spartan Delta's Interest Coverage too high?
Spartan Delta's current Interest Coverage of 11.02 is 14% below median its 10-year median of 12.76. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 10,000.00. The Oil & Gas industry median Interest Coverage is 6.07. Spartan Delta's value of 11.02 is 81.5% above this industry median. Based on the distribution chart, Spartan Delta ranks #332 out of 731 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Spartan Delta has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spartan Delta's Interest Coverage compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Spartan Delta ranks #332 out of 731 companies for Interest Coverage. This puts Spartan Delta in the upper half of its industry. The industry median Interest Coverage is 6.07. Spartan Delta's value of 11.02 is 81.5% above this benchmark. Historically, Spartan Delta's own Interest Coverage has ranged from 2.33 to 10,000.00 over the past decade. While the company's 10-year median is 12.76 vs. the industry median of 6.07, Spartan Delta 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 an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.07, based on 731 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. Spartan Delta's current Interest Coverage of 11.02 is 81.5% 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 Spartan Delta and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spartan Delta's current Interest Coverage is 11.02, which is 14% below median its own 10-year median of 12.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spartan Delta stock overvalued right now?
Based on GuruFocus' analysis, Spartan Delta (TSX:SDE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.24, compared to a current price of C$12.12 — trading 131.3% above its estimated fair value. The current Interest Coverage is 11.02, which is 14% below median its 10-year median of 12.76 and 81.5% above the Oil & Gas industry median of 6.07. Spartan Delta's overall GF Score™ is 52/100 with 5 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 Spartan Delta (TSX:SDE), the current Interest Coverage is 11.02 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 Spartan Delta (TSX:SDE) Overvalued in 2026?
Based on GuruFocus' analysis, Spartan Delta stock appears to be overvalued.
The current stock price of C$12.12 is trading 131.3% above its estimated GF Value™ of C$5.24.
GuruFocus considers Spartan Delta to be Significantly Overvalued.
Key valuation signals for TSX:SDE:
Interest Coverage: 11.02 (14% below median its 10-year median of 12.76)
GF Value™: C$5.24 vs. price of C$12.12 (131.3% above fair value)
Industry Position: 81.5% above the Oil & Gas median (#332 of 731)
No single metric tells the full story. See the TSX:SDE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spartan Delta Corp is an oil and gas exploration and production company. The company is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company operates and focuses its activities in west central Alberta, the Deep Basin and in the West Shale Basin Duvernay. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.
52GF Score
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