Blend Labs (BLND) Interest Coverage Ratio (2021 - 2024)
Blend Labs (BLND) recorded quarterly Interest Coverage Ratio of 7.93 in Q2 2024, down 90.55% quarter-over-quarter from 4.16 in Q1 2024, and down 71.62% on a YoY basis from 27.95 in Q3 2023.
Blend Labs (BLND) Interest Coverage Ratio (2021 - 2024) Analysis & Trends
Blend Labs' Interest Coverage Ratio history runs 4 years deep, the most recent figure standing at 7.93 for Q2 2024.
- In Q2 2024, Interest Coverage Ratio fell 71.62% year-over-year to 7.93; the TTM figure through Mar 2025 stood at 21.6 (down 492.2% YoY), while the FY2024 annual figure was 7.24, down 55.32% from the prior year.
- Interest Coverage Ratio was 7.93 for Q2 2024 at Blend Labs, down from 4.16 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 1.31 in Q4 2023 to a low of 82.33 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 14.99 across 4 years, with a median of 9.17 in 2022.
- The sharpest annual moves came in 2023 and 2024: Interest Coverage Ratio soared 94.39% in 2023, then tumbled 71.62% in 2024.
- A 4-year view of Interest Coverage Ratio shows it stood at 10.57 in 2021, then increased by 3.23% to 10.23 in 2022, then surged by 87.23% to 1.31 in 2023, then slumped by 507.21% to 7.93 in 2024.
- The last three Interest Coverage Ratio figures came in at 7.93 (Q2 2024), 4.16 (Q1 2024), and 1.31 (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -9.39 |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.81 |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | - |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 7.40 |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 13.64 |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | - |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -17.35 |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 34.43 |
| 10 | Blend Labs | 458.86 Mn | 399.85 Mn | 23.37 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -7.93 |
| Mar 31, 2024 | -4.16 |
| Dec 31, 2023 | -1.31 |
| Sep 30, 2023 | -4.41 |
| Jun 30, 2023 | -4.62 |
| Mar 31, 2023 | -8.12 |
| Dec 31, 2022 | -10.23 |
| Sep 30, 2022 | -21.09 |
| Jun 30, 2022 | -82.33 |
| Mar 31, 2022 | -12.55 |
| Dec 31, 2021 | -10.57 |
| Sep 30, 2021 | -12.56 |