APi (APG) Interest Coverage Ratio (2019 - 2026)
APi (APG) reported Interest Coverage Ratio of 3.43 for Q1 2026, up 55.32% on a YoY basis from 2.21 in Q1 2025, and up 55.32% quarter-over-quarter from 2.21 in Q1 2025.
APi (APG) Interest Coverage Ratio (2019 - 2026) Analysis & Trends
APi has reported Interest Coverage Ratio for 8 years, with the latest figure at 3.43 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 55.32% year-over-year to 3.43; the trailing twelve-month figure through Mar 2026 stood at 19.1 (up 55.09% YoY), and the FY2023 full-year result was 2.48, up 91.04% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 3.43, up from 2.21 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 3.43 in Q1 2026, with the low at 0.26 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 1.95 across 5 years, with a median of 2.21 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio slumped 229.63% — and 2023, when it jumped 3842.11%.
- APi's Interest Coverage Ratio stood at 1.32 in 2022, then soared by 71.61% to 2.27 in 2023, then climbed by 29.41% to 2.94 in 2024, then retreated by 24.84% to 2.21 in 2025, then jumped by 55.32% to 3.43 in 2026.
- The last three Interest Coverage Ratio figures came in at 3.43 (Q1 2026), 2.21 (Q1 2025), and 2.94 (Q1 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.91 Bn | 103.65 Bn | 1.11 Bn | 4.62 |
| 2 | Comfort Systems Usa | 65.18 Bn | 64.13 Bn | 754.41 Mn | 223.01 |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | - |
| 4 | Mastec | 28.10 Bn | 27.94 Bn | 477.90 Mn | 3.26 |
| 5 | Sterling Infrastructure | 27.31 Bn | 26.80 Bn | 194.30 Mn | 34.33 |
| 6 | APi | 18.18 Bn | 17.54 Bn | 620.00 Mn | 3.43 |
| 7 | IES Holdings | 14.63 Bn | 14.37 Bn | 254.79 Mn | 73.32 |
| 8 | Jacobs Solutions | 14.18 Bn | 12.80 Bn | 794.89 Mn | -1.98 |
| 9 | Dycom Industries | 13.76 Bn | 13.05 Bn | - | - |
| 10 | TopBuild | 11.17 Bn | 10.90 Bn | 400.25 Mn | 4.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.43 |
| Mar 31, 2025 | 2.21 |
| Mar 31, 2024 | 2.94 |
| Dec 31, 2023 | 2.27 |
| Sep 30, 2023 | 2.81 |
| Jun 30, 2023 | 2.82 |
| Mar 31, 2023 | 1.97 |
| Dec 31, 2022 | 1.32 |
| Sep 30, 2022 | 1.85 |
| Jun 30, 2022 | 0.07 |
| Mar 31, 2022 | -0.26 |
| Dec 31, 2021 | -4.35 |
| Sep 30, 2021 | 2.93 |
| Jun 30, 2021 | 0.43 |
| Mar 31, 2021 | 0.20 |
| Dec 31, 2020 | -1.91 |
| Sep 30, 2020 | 0.46 |
| Jun 30, 2020 | 1.93 |
| Mar 31, 2020 | -16.71 |
| Dec 31, 2019 | 6.80 |