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| Date | Value |
|---|---|
| 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 |