Danaos (DAC) Interest Coverage Ratio (2009 - 2026)
Danaos' (DAC) quarterly Interest Coverage Ratio came in at 16.33 in Q2 2026, down 26.33% on a YoY basis from 22.17 in Q2 2025, and down 54.7% quarter-over-quarter from 10.56 in Q1 2026.
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Analysis
Danaos (DAC) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Danaos (DAC) has reported Interest Coverage Ratio for 18 consecutive years, with 16.33 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 26.33% year-over-year to 16.33; the trailing twelve-month figure through Jun 2026 stood at 18.74 (down 39.42% YoY), and the FY2025 full-year result was 11.64, up 43.64% from the prior year.
- Interest Coverage Ratio declined to 16.33 in Q2 2026 per DAC's latest filing, from 10.56 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 8.18 in Q1 2022 and bottomed at 44.95 in Q1 2024.
- Historically, Interest Coverage Ratio has averaged 20.35 across 5 years, with a median of 16.38 in 2024.
- The sharpest annual moves came in 2023 and 2025: Interest Coverage Ratio plunged 227.19% in 2023, then surged 73.26% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 14.67 in 2022, then slumped by 153.14% to 37.13 in 2023, then jumped by 65.11% to 12.95 in 2024, then tumbled by 52.25% to 19.72 in 2025, then increased by 17.19% to 16.33 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 16.33, 10.56, and 19.72 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 19.06 |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 11.15 |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 99.31 |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 28.53 |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 27.49 |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 5.52 |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 11.03 |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 1.34 |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 12.46 |
| 10 | Danaos | 2.80 Bn | 1.57 Bn | 217.68 Mn | 16.33 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.33 |
| Mar 31, 2026 | -10.56 |
| Dec 31, 2025 | -19.72 |
| Sep 30, 2025 | -30.70 |
| Jun 30, 2025 | -12.93 |
| Mar 31, 2025 | -12.02 |
| Dec 31, 2024 | -12.95 |
| Sep 30, 2024 | -16.43 |
| Jun 30, 2024 | -27.42 |
| Mar 31, 2024 | -44.95 |
| Dec 31, 2023 | -37.13 |
| Sep 30, 2023 | -34.04 |
| Jun 30, 2023 | -25.10 |
| Mar 31, 2023 | -22.98 |
| Dec 31, 2022 | -14.67 |
| Sep 30, 2022 | -10.41 |
| Jun 30, 2022 | -9.75 |
| Mar 31, 2022 | -8.18 |
| Dec 31, 2021 | -6.58 |
| Sep 30, 2021 | -6.20 |