Sparc AI (XCNQ:SPAI) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2025)

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What is Sparc AI Interest Coverage?

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. Sparc AI's Operating Income for the three months ended in Mar. 2025 was C$-0.13 Mil. Sparc AI's Interest Expense for the three months ended in Mar. 2025 was C$0.00 Mil. Sparc AI has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Sparc AI's Interest Coverage or its related term are showing as below:

XCNQ:SPAI' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

XCNQ:SPAI's Interest Coverage is ranked better than
98.74% of 1672 companies
in the Software industry
Industry Median: 26.095 vs XCNQ:SPAI: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sparc AI Interest Coverage Historical Data

The historical data trend for Sparc AI'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.

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Sparc AI Interest Coverage Chart

Sparc AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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No Debt

Sparc AI Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sparc AI's Interest Coverage

For the Software - Application subindustry, Sparc AI'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.

Sparc AI's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Sparc AI's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sparc AI's Interest Coverage falls into.

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Sparc AI 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sparc AI's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Sparc AI's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.32 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Sparc AI had no debt ⁽¹⁾.

Sparc AI's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Sparc AI's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Sparc AI had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Sparc AI (XCNQ:SPAI) 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 .

Sparc AI Interest Coverage Related Terms

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Sparc AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparc AI Inc (XCNQ:SPAI) » Definitions » Interest Coverage

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SPAIF:USA 5OV0:Germany

Address

90 Collins Street, Level 8, Melbourne, VIC, AUS

Website

https://www.sparcai.co

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented, and commercialized an innovative spatial technology; spatial, predictive, approximation, and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment, software development for geospatial targeting.