Spirit Blockchain Capital (XCNQ:SPIR) Interest Coverage

: No Debt (As of Sep. 2022)

View and export this data going back to 2022. Start your Free Trial

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. Spirit Blockchain Capital's Operating Income for the three months ended in Sep. 2022 was C$-0.54 Mil. Spirit Blockchain Capital's Interest Expense for the three months ended in Sep. 2022 was C$0.00 Mil. Spirit Blockchain Capital has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Spirit Blockchain Capital Inc has no debt.

The historical rank and industry rank for Spirit Blockchain Capital's Interest Coverage or its related term are showing as below:

XCNQ:SPIR' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: No Debt
Current: No Debt

XCNQ:SPIR's Interest Coverage is ranked better than
99.27% of 409 companies
in the Capital Markets industry
Industry Median: 18.85 vs XCNQ:SPIR: 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.

Spirit Blockchain Capital Interest Coverage Historical Data

The historical data trend for Spirit Blockchain Capital'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.

* Premium members only.

Spirit Blockchain Capital Annual Data

Trend

Interest Coverage

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Jun22	Sep22
Interest Coverage	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Annual Data Quarterly Data

Spirit Blockchain Capital Interest Coverage Distribution

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Spirit Blockchain Capital 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.

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

Spirit Blockchain Capital's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Spirit Blockchain Capital's Interest Expense was C$0.00 Mil. Its Operating Income was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Spirit Blockchain Capital had no debt.

Spirit Blockchain Capital's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Spirit Blockchain Capital's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Spirit Blockchain Capital had no debt.

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

Spirit Blockchain Capital (XCNQ:SPIR) 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 .

Spirit Blockchain Capital Interest Coverage Related Terms

Thank you for viewing the detailed overview of Spirit Blockchain Capital's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.