Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2024)

Electrovaya (ELVA) reported Interest Coverage Ratio of 0.49 for Q4 2024, down 80.66% quarter-over-quarter from 2.51 in Q3 2024.

Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2024) Analysis & Trends

Electrovaya (ELVA) has 3 years of Interest Coverage Ratio data on file, last reported at 0.49 in Q4 2024.

Interest Coverage Ratio for Q4 2024 came in at 0.49, changed N/A year-over-year; the trailing twelve-month figure through Sep 2025 was 2.8 (up 1142.66% YoY), and the FY2024 annual result was 2.05, changed N/A from the prior year.
Interest Coverage Ratio eased to 0.49 in Q4 2024 per ELVA's latest filing, from 2.51 in the prior quarter.
Over five years, Interest Coverage Ratio peaked at 2.51 in Q3 2024 and troughed at 2.76 in Q2 2022.
A 3-year average of 0.07 and a median of 0.12 in 2023 frame the typical range for Interest Coverage Ratio.
The sharpest annual moves came in 2023 and 2024: Interest Coverage Ratio jumped 104.2% in 2023, then tumbled 428.46% in 2024.
A 3-year view of Interest Coverage Ratio shows it stood at 2.76 in 2022, then surged by 96.53% to 0.1 in 2023, then jumped by 608.14% to 0.49 in 2024.
Business Quant data shows ELVA's Interest Coverage Ratio at 0.49 in Q4 2024, 2.51 in Q3 2024, and 0.38 in Q2 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Interest Cover (Qtr)
1	Novonix	479.97 Bn	479.92 Bn	-	-
2	Vertiv Holdings	114.69 Bn	112.19 Bn	999.70 Mn	-100.02
3	Bloom Energy	79.53 Bn	77.06 Bn	225.54 Mn	8.39
4	nVent Electric	27.08 Bn	26.89 Bn	445.60 Mn	150.54
5	Hubbell	26.67 Bn	26.16 Bn	505.30 Mn	-
6	Advanced Energy Industries	13.19 Bn	13.19 Bn	200.90 Mn	16.66
7	Powell Industries	10.63 Bn	10.09 Bn	87.94 Mn	-
8	Ballard Power Systems	10.07 Bn	9.54 Bn	5.64 Mn	-24.97
9	Acuity Inc. (De)	9.39 Bn	9.12 Bn	520.40 Mn	-
10	Electrovaya	192,800.01	-23.34 Mn	6.04 Mn	-

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