DeFi Technologies Inc. (DEFT) Interest Coverage Ratio: 6.06x
The interest coverage ratio for DeFi Technologies Inc. (DEFT) is 6.06x as of Saturday, June 20, 2026.
DEFT Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
6.06x
DEFT Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DeFi Technologies Inc. (DEFT) | $181.93M | 6.06x | N/A | N/A | N/A |
| Blackrock 2037 Municipal Target Term Trust (BMN)vs › | $160.51M | N/A | N/A | N/A | N/A |
| Global X - MSCI Colombia ETF (COLO)vs › | $127.66M | N/A | N/A | N/A | N/A |
| Isabella Bank Corporation (ISBA)vs › | $295.51M | 0.66x | 0.57x | 1.80x | 1.87x |
| BlackRock Floating Rate Income Trust (BGT)vs › | $317.93M | 5.24x | 5.03x | 5.72x | 6.69x |
| CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ)vs › | $5.89M | N/A | N/A | N/A | N/A |
| Lufax Holding Ltd (LU)vs › | $524.09M | -0.46x | 2.08x | 2.33x | 3.20x |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $675.14M | N/A | N/A | N/A | N/A |
| Main Street Capital Corporation (MAIN)vs › | $4.74B | 4.06x | 4.21x | 4.05x | 3.78x |
| Kinsale Capital Group, Inc. (KNSL)vs › | $7.12B | 59.58x | 55.19x | 48.33x | 163.49x |
Financial Health Indicators
Interest Coverage
6.1x
Debt/Equity
0.04
Current Ratio
0.88
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
DeFi Technologies Inc. Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
DeFi Technologies Inc. Interest Coverage Ratio FAQ
- What is the interest coverage ratio for DeFi Technologies Inc. (DEFT)?
- The interest coverage ratio for DEFT stock is 6.06x.
About DeFi Technologies Inc.
DeFi Technologies Inc. is a technology company specializing in creating exchange-traded products (ETPs) within Canada, which are designed to mirror the value of single or multiple decentralized finance (DeFi) protocols. The company also delivers a range of related services, including asset management, providing clients with indirect access to underlying digital assets, indexes, and other DeFi instruments. Furthermore, DeFi Technologies engages in early-stage investments across the digital asset ecosystem, operates a dedicated arbitrage trading desk to capitalize on low-risk market opportunities, conducts proprietary research, and offers an OTC desk along with digital asset liquidity solutions. Established in 1986 and headquartered in Toronto, Canada, the company was formerly known as Valour Inc. until it rebranded to DeFi Technologies Inc. in July 2023.
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- CEO
- Johan Wattenstrom