Ballard Power Systems (BLDP) Interest Coverage Ratio (2010 - 2026)
Ballard Power Systems (BLDP) posted quarterly Interest Coverage Ratio of 1.61 for Q4 2025, down 74.76% year-over-year from 6.37 in Q4 2024, and down 97.57% quarter-over-quarter from 66.08 in Q3 2025.
Ballard Power Systems (BLDP) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Interest Coverage Ratio for 16 consecutive years, with 1.61 the latest figure, recorded in Q4 2025.
- In Q4 2025, Interest Coverage Ratio fell 74.76% year-over-year to 1.61; the TTM figure through Dec 2025 stood at 45.56 (up 20.51% YoY), while the FY2025 annual figure was 38.95, down 26.23% from the prior year.
- Interest Coverage Ratio eased to 1.61 in Q4 2025 per BLDP's latest filing, from 66.08 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 146.47 in Q1 2023 and bottomed at 132.03 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 38.86 across 5 years, with a median of 66.58 in 2025.
- Annual changes were most pronounced in 2021 — Interest Coverage Ratio tumbled 402.29% — and 2022, when it surged 281.13%.
- Ballard Power Systems' Interest Coverage Ratio stood at 87.98 in 2021, then plunged by 211.34% to 97.95 in 2022, then jumped by 153.9% to 52.8 in 2023, then sank by 87.94% to 6.37 in 2024, then slumped by 74.76% to 1.61 in 2025.
- Business Quant data shows BLDP's Interest Coverage Ratio at 1.61 in Q4 2025, 66.08 in Q3 2025, and 67.07 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.31 Bn | 97.20 Bn | 1.23 Bn | 36.66 |
| 2 | Bloom Energy | 57.51 Bn | 54.84 Bn | 355.57 Mn | 20.46 |
| 3 | Hubbell | 24.86 Bn | 24.46 Bn | 613.00 Mn | - |
| 4 | nVent Electric | 24.80 Bn | 24.54 Bn | 558.00 Mn | 231.31 |
| 5 | Advanced Energy Industries | 11.09 Bn | 9.67 Bn | 236.10 Mn | 28.82 |
| 6 | Acuity Inc. (De) | 10.35 Bn | 9.94 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.56 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 14.29 |
| 9 | Hayward Holdings | 3.19 Bn | 2.71 Bn | 155.05 Mn | - |
| 10 | Ballard Power Systems | 720.58 Mn | 215.44 Mn | 4.08 Mn | 40.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.00 |
| Dec 31, 2025 | 1.61 |
| Sep 30, 2025 | 66.08 |
| Jun 30, 2025 | 67.07 |
| Mar 31, 2025 | 57.43 |
| Dec 31, 2024 | 6.37 |
| Sep 30, 2024 | 107.65 |
| Jun 30, 2024 | 70.09 |
| Mar 31, 2024 | 98.55 |
| Dec 31, 2023 | 52.80 |
| Sep 30, 2023 | 129.50 |
| Jun 30, 2023 | 82.44 |
| Mar 31, 2023 | 146.47 |
| Dec 31, 2022 | -97.95 |
| Sep 30, 2022 | 110.19 |
| Jun 30, 2022 | -132.03 |
| Mar 31, 2022 | 87.95 |
| Dec 31, 2021 | 87.98 |
| Sep 30, 2021 | -73.46 |
| Jun 30, 2021 | -43.03 |