Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2026)
Electrovaya (ELVA) posted quarterly Interest Coverage Ratio of 9.62 for Q1 2026, up 257.69% year-over-year from 2.69 in Q1 2025, and up 114.04% quarter-over-quarter from 4.5 in Q4 2025.
Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Interest Coverage Ratio for 5 consecutive years, with 9.62 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 257.69% year-over-year to 9.62; the TTM figure through Mar 2026 stood at 5.98 (up 168.84% YoY), while the FY2025 annual figure was 2.61, up 699.7% from the prior year.
- Interest Coverage Ratio improved to 9.62 in Q1 2026 per ELVA's latest filing, from 4.5 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 12.04 in Q3 2025 and bottomed at 2.76 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 2.35 across 5 years, with a median of 0.49 in 2024.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio surged 7225.75% — and 2024, when it sank 104.23%.
- Electrovaya's Interest Coverage Ratio stood at 0.14 in 2022, then plunged by 265.35% to 0.23 in 2023, then surged by 307.63% to 0.49 in 2024, then surged by 824.43% to 4.5 in 2025, then jumped by 114.04% to 9.62 in 2026.
- Business Quant data shows ELVA's Interest Coverage Ratio at 9.62 in Q1 2026, 4.5 in Q4 2025, and 12.04 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 36.66 |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 20.46 |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 231.31 |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 28.82 |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 14.29 |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | - |
| 10 | Electrovaya | 328.13 Mn | 304.60 Mn | 6.04 Mn | 4.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.62 |
| Dec 31, 2025 | 4.50 |
| Sep 30, 2025 | 12.04 |
| Jun 30, 2025 | 3.32 |
| Mar 31, 2025 | 2.69 |
| Dec 13, 2024 | 0.49 |
| Sep 30, 2024 | -0.44 |
| Jun 30, 2024 | -1.64 |
| Mar 31, 2024 | 1.58 |
| Dec 31, 2023 | -0.23 |
| Sep 30, 2023 | 10.38 |
| Jun 30, 2023 | -1.82 |
| Mar 31, 2023 | -2.64 |
| Sep 30, 2022 | 0.14 |
| Jun 30, 2022 | -2.76 |