Coinbase GlobalXSWX:COIN -7.65%60 Interest Coverage is 0.61 as of Mar. 2026, which is 98% below its 10-year median of 27.72. GuruFocus rates XSWX:COIN with a GF Score™ of 60/100 and a GF Value™ of CHF194.26 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 430 Capital Markets companies, Coinbase Global ranks worse than 60.47% 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. Coinbase Global's
Operating Income
for the
three
months ended in Mar. 2026 was CHF11 Mil. Coinbase Global's Interest Expense for the
three
months ended in Mar. 2026 was CHF-18 Mil.
Coinbase Global's interest coverage for the quarter that ended in Mar. 2026 was 0.61.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Coinbase Global's Interest Coverage or its related term are showing as below:
XSWX:COIN'
s Interest Coverage Range Over the Past 10 Years
Min: 8.34 Med: 27.72 Max: 110.03
Current: 8.34
XSWX:COIN's Interest Coverage is ranked worse than 60.47% of 430
companies
in the Capital Markets industry
Industry Median: 19.375
vs XSWX:COIN: 8.34
Coinbase Global (XSWX:COIN) 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 .
Coinbase Global Interest Coverage Related Terms
Coinbase Global Interest Coverage Historical Data
* Premium members only.
The historical data trend for Coinbase Global'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.
XSWX:COIN vs MSCI, NDAQ, CBOE: Interest Coverage Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global'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.
Coinbase Global Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Coinbase Global'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.
Coinbase Global (XSWX:COIN) has a Interest Coverage of 0.61 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Coinbase Global and its competitors. This is 98% below median its historical median of 27.72. Over the past decade, Coinbase Global's Interest Coverage has ranged from 8.34 to 110.03. According to the industry distribution chart, Coinbase Global ranks #260 out of 430 companies in the Capital Markets industry, placing it in the top 60.5%.
Is Coinbase Global's Interest Coverage too high?
Coinbase Global's current Interest Coverage of 0.61 is 98% below median its 10-year median of 27.72. Over the past 10 years, this metric has ranged from a low of 8.34 to a high of 110.03. The Capital Markets industry median Interest Coverage is 19.38. Coinbase Global's value of 0.61 is 96.9% below this industry median. Based on the distribution chart, Coinbase Global ranks #260 out of 430 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Coinbase Global has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Interest Coverage compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #260 out of 430 companies for Interest Coverage. This places Coinbase Global in the lower half of its industry. The industry median Interest Coverage is 19.38. Coinbase Global's value of 0.61 is 96.9% below this benchmark. Historically, Coinbase Global's own Interest Coverage has ranged from 8.34 to 110.03 over the past decade. While the company's 10-year median is 27.72 vs. the industry median of 19.38, Coinbase Global has consistently been below 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.38, based on 430 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. Coinbase Global's current Interest Coverage of 0.61 is 96.9% below 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 Coinbase Global and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current Interest Coverage is 0.61, which is 98% below median its own 10-year median of 27.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Based on GuruFocus' analysis, Coinbase Global (XSWX:COIN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF194.26, compared to a current price of CHF120.05 — trading 38.2% below its estimated fair value. The current Interest Coverage is 0.61, which is 98% below median its 10-year median of 27.72 and 96.9% below the Capital Markets industry median of 19.38. Coinbase Global's overall GF Score™ is 60/100 with 9 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 Coinbase Global (XSWX:COIN), the current Interest Coverage is 0.61 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 Coinbase Global (XSWX:COIN) Overvalued in 2026?
Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued.
The current stock price of CHF120.05 is trading 38.2% below its estimated GF Value™ of CHF194.26.
GuruFocus considers Coinbase Global to be Possible Value Trap.
Key valuation signals for XSWX:COIN:
Interest Coverage: 0.61 (98% below median its 10-year median of 27.72)
GF Value™: CHF194.26 vs. price of CHF120.05 (38.2% below fair value)
Industry Position: 96.9% below the Capital Markets median (#260 of 430)
No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
60GF Score
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