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

Ballard Power Systems (BLDP) reported Interest Coverage Ratio of 24.97 for Q4 2025, down 157.53% year-over-year from 43.4 in Q4 2024, and down 137.79% quarter-over-quarter 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 24.97 in Q4 2025.

  • Interest Coverage Ratio for Q4 2025 came in at 24.97, down 157.53% year-over-year; the trailing twelve-month figure through Dec 2025 was 103.15 (up 220.76% YoY), and the FY2025 annual result was 54.31, up 36.42% from the prior year.
  • Interest Coverage Ratio slipped to 24.97 in Q4 2025 per BLDP's latest filing, from 66.08 in the prior quarter.
  • Over five years, Interest Coverage Ratio peaked at 146.47 in Q1 2023 and troughed at 147.93 in Q2 2023.
  • A 5-year average of 34.92 and a median of 66.58 in 2025 frame the typical range for Interest Coverage Ratio.
  • On a YoY basis, Interest Coverage Ratio climbed as much as 281.13% in 2022 and fell as far as 288.06% in 2022.
  • A 5-year view of Interest Coverage Ratio shows it stood at 87.98 in 2021, then tumbled by 211.34% 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 sank by 157.53% to 24.97 in 2025.
  • Business Quant data shows BLDP's Interest Coverage Ratio at 24.97 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 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn -100.02
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 8.39
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 150.54
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn -
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 16.66
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -24.97
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn -
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn -
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 9.61

Historic Data

Download Data
DateValue
Dec 31, 2025 -24.97
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 87.98
Sep 30, 2021 73.46
Jun 30, 2021 62.46
Mar 31, 2021 -48.56