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. Secure Blockchain Development's
Operating Income
for the
three
months ended in Mar. 2026 was C$-0.11 Mil. Secure Blockchain Development's Interest Expense for the
three
months ended in Mar. 2026 was C$-0.03 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 Secure Blockchain Development's Interest Coverage or its related term are showing as below:
TSXV:ID's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 24.78 * Ranked among companies with meaningful Interest Coverage only.
Secure Blockchain Development (TSXV:ID) 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 .
Secure Blockchain Development Interest Coverage Related Terms
Secure Blockchain Development Interest Coverage Historical Data
* 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.
Secure Blockchain Development Interest Coverage Chart
TSXV:ID vs CRM, SHOP, UBER: Interest Coverage Comparison
For the Software - Application subindustry, Secure Blockchain Development'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.
Secure Blockchain Development Interest Coverage vs Software Industry
For the Software industry and Technology sector, Secure Blockchain Development's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Secure Blockchain Development's Interest Coverage falls into.
Secure Blockchain Development Interest Coverage Calculation
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:
Secure Blockchain Development 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?
Secure Blockchain Development (TSXV:ID) 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 Secure Blockchain Development and its competitors. According to the industry distribution chart, Secure Blockchain Development ranks #999999 out of 1705 companies in the Software industry.
Is Secure Blockchain Development's Interest Coverage too high?
Secure Blockchain Development's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Secure Blockchain Development ranks #999999 out of 1705 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Secure Blockchain Development has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Secure Blockchain Development's Interest Coverage compare to CRM and SHOP?
According to the Software industry distribution chart, Secure Blockchain Development ranks #999999 out of 1705 companies for Interest Coverage. This places Secure Blockchain Development in the lower half of its industry. The industry median Interest Coverage is 24.78. 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 Software company?
The median Interest Coverage among Software companies is 24.78, based on 1,705 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 Secure Blockchain Development and its competitors. For the Software industry, the median Interest Coverage is 24.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Blockchain Development'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 Secure Blockchain Development stock overvalued right now?
Based on GuruFocus' analysis, Secure Blockchain Development (TSXV:ID) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.12, compared to a current price of C$0.17 — trading 37.5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Secure Blockchain Development's overall GF Score™ is 22/100 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 Secure Blockchain Development (TSXV:ID), 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 Secure Blockchain Development (TSXV:ID) Overvalued in 2026?
Based on GuruFocus' analysis, Secure Blockchain Development stock appears to be overvalued.
The current stock price of C$0.17 is trading 37.5% above its estimated GF Value™ of C$0.12.
GuruFocus considers Secure Blockchain Development to be Significantly Overvalued.
Key valuation signals for TSXV:ID:
Interest Coverage: 0 (At Loss)
GF Value™: C$0.12 vs. price of C$0.17 (37.5% above fair value)
No single metric tells the full story. See the TSXV:ID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Secure Blockchain Development Business Description
Secure Blockchain Development Corp is a software development company that sells its technology on a software-as-a-service (SaaS) basis. It offers the Delivery trust, which is an email security solution designed for small and medium-sized businesses. The company serves accounting, education professionals, financial, legal, medical, real estate, and resource industries. Its products include: Unlimited secure emails, Recall sent messages, Restrict print/forward, Set message expiration, Discreet read receipts, Restrict download, Branding capabilities, Enterprise policy enforcement, Mobile-friendly web portal and Others.
22GF Score
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