Ballard Power Systems (BLDP) Interest Coverage Ratio (2010 - 2025)

Ballard Power Systems' (BLDP) quarterly Interest Coverage Ratio came in at 3.35 in Q4 2025, up 65.42% year-on-year from 2.03 in Q4 2024, and down 105.07% on a QoQ basis from 66.08 in Q3 2025.

Ballard Power Systems (BLDP) Interest Coverage Ratio (2010 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 16 years of Interest Coverage Ratio data on file, last reported at 3.35 in Q4 2025.

  • On a quarterly basis, Interest Coverage Ratio rose 65.42% year-over-year to 3.35 in Q4 2025; TTM through Dec 2025 was 54.31, a 36.42% increase from a year earlier, with the FY2025 full-year figure at 54.31, up 36.42% from the prior year.
  • Interest Coverage Ratio for Q4 2025 stood at 3.35, down from 66.08 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for BLDP reached as high as 146.47 in Q1 2023 and fell as low as 147.93 in Q2 2023.
  • Historically, Interest Coverage Ratio has averaged 45.57 across 5 years, with a median of 66.58 in 2025.
  • On a YoY basis, Interest Coverage Ratio climbed as much as 281.13% in 2022 and fell as far as 3346.15% in 2022.
  • Year by year, Interest Coverage Ratio stood at 3.02 in 2021, then plunged by 3346.15% to 97.95 in 2022, then jumped by 78.53% to 21.03 in 2023, then surged by 53.9% to 9.7 in 2024, then surged by 65.42% to 3.35 in 2025.
  • Per Business Quant data, the three most recent Interest Coverage Ratio figures were 3.35 in Q4 2025, 66.08 in Q3 2025, and 67.07 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 9.62
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 10.28
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.11
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 2.70
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 1.82
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 1.71
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 24.78
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 8.68
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn -16.03
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn -3.35

Historic Data

Download Data
DateValue
Dec 31, 2025 -3.35
Sep 30, 2025 66.08
Jun 30, 2025 67.07
Mar 31, 2025 57.43
Dec 31, 2024 -9.70
Sep 30, 2024 107.65
Jun 30, 2024 70.09
Mar 31, 2024 98.55
Dec 31, 2023 -21.03
Sep 30, 2023 129.50
Jun 30, 2023 -147.93
Mar 31, 2023 146.47
Dec 31, 2022 -97.95
Sep 30, 2022 138.15
Jun 30, 2022 132.03
Mar 31, 2022 87.95
Dec 31, 2021 3.02
Sep 30, 2021 73.46
Jun 30, 2021 62.46
Mar 31, 2021 -48.56