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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Merchants (FRME) Interest Coverage Ratio (2016 - 2026)

First Merchants (FRME) has disclosed Interest Coverage Ratio for 11 consecutive years, with 1.3 as the latest value for Q1 2026.

  • For Q1 2026, Interest Coverage Ratio fell 27.5% year-over-year to 1.3; the TTM value through Mar 2026 reached 1.1, down 23.13%, while the annual FY2025 figure was 1.0, 20.02% down from the prior year.
  • Interest Coverage Ratio hit 1.3 in Q1 2026 for First Merchants, down from 1.15 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 0.78 in Q2 2024 and bottomed at 43.52 in Q3 2022.
  • Average Interest Coverage Ratio over 5 years is 6.49, with a median of 1.03 recorded in 2023.
  • On a YoY basis, Interest Coverage Ratio climbed as much as 97.7% in 2023 and fell as far as 296.31% in 2023.
  • First Merchants' Interest Coverage Ratio stood at 1.19 in 2022, then fell by 3.49% to 1.23 in 2023, then rose by 26.42% to 0.91 in 2024, then dropped by 26.83% to 1.15 in 2025, then dropped by 12.99% to 1.3 in 2026.
  • According to Business Quant data, Interest Coverage Ratio over the past three periods came in at 1.3, 1.15, and 0.96 for Q1 2026, Q4 2025, and Q3 2025 respectively.