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Carter Bankshares (CARE) Interest Coverage Ratio: 2019-2024

Historic Interest Coverage Ratio for Carter Bankshares (CARE) over the last 6 years, with Dec 2024 value amounting to 1.29.

  • Carter Bankshares' Interest Coverage Ratio rose 58.54% to 3.85 in Q4 2022 from the same period last year, while for Dec 2022 it was 4.05, marking a year-over-year increase of 57.38%. This contributed to the annual value of 1.29 for FY2024, which is 7.19% down from last year.
  • Per Carter Bankshares' latest filing, its Interest Coverage Ratio stood at 1.29 for FY2024, which was down 7.19% from 1.39 recorded in FY2023.
  • In the past 5 years, Carter Bankshares' Interest Coverage Ratio ranged from a high of 4.05 in FY2022 and a low of -0.26 during FY2020.
  • For the 3-year period, Carter Bankshares' Interest Coverage Ratio averaged around 2.24, with its median value being 1.39 (2023).
  • Per our database at Business Quant, Carter Bankshares' Interest Coverage Ratio tumbled by 116.22% in 2020 and then skyrocketed by 1,094.94% in 2021.
  • Yearly analysis of 5 years shows Carter Bankshares' Interest Coverage Ratio stood at -0.26 in 2020, then soared by 1,094.94% to 2.57 in 2021, then skyrocketed by 57.38% to 4.05 in 2022, then slumped by 65.72% to 1.39 in 2023, then declined by 7.19% to 1.29 in 2024.