Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2026)
Electrovaya's (ELVA) quarterly Interest Coverage Ratio came in at 2.06 in Q2 2026, down 38.03% year-over-year from 3.32 in Q2 2025, and down 48.66% quarter-over-quarter from 4.01 in Q1 2026.
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Electrovaya (ELVA) Interest Coverage Ratio (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Interest Coverage Ratio for 5 consecutive years, with 2.06 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio fell 38.03% year-over-year to 2.06 in Q2 2026; TTM through Jun 2026 was 2.15, a 148.45% increase from a year earlier, with the FY2025 full-year figure at 1.51, up 389.93% from the prior year.
- Interest Coverage Ratio was 2.06 for Q2 2026 at Electrovaya, down from 4.01 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 4.01 in Q1 2026 and troughed at 5.26 in Q4 2023.
- A 5-year average of 0.54 and a median of 0.91 in 2024 frame the typical range for Interest Coverage Ratio.
- The widest YoY moves for Interest Coverage Ratio: up 1604.84% in 2024, down 143.98% in 2024.
- Over 5 years, Interest Coverage Ratio stood at 1.18 in 2022, then slumped by 344.95% to 5.26 in 2023, then jumped by 105.85% to 0.31 in 2024, then soared by 893.22% to 3.06 in 2025, then plunged by 32.77% to 2.06 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.06 (Q2 2026), 4.01 (Q1 2026), and 3.06 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 14.29 |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | -227.74 |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | -7.00 |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | - |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | -5.88 |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | -6.64 |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | - |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 2.06 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | -1.30 |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06 |
| Mar 31, 2026 | 4.01 |
| Dec 31, 2025 | 3.06 |
| Sep 30, 2025 | 1.36 |
| Jun 30, 2025 | 3.32 |
| Mar 31, 2025 | 2.21 |
| Dec 13, 2024 | 0.31 |
| Sep 30, 2024 | -1.28 |
| Jun 30, 2024 | 1.97 |
| Mar 31, 2024 | 0.46 |
| Dec 31, 2023 | -5.26 |
| Sep 30, 2023 | 2.91 |
| Jun 30, 2023 | 0.12 |
| Mar 31, 2023 | -2.64 |
| Sep 30, 2022 | -1.18 |
| Jun 30, 2022 | -2.76 |