Global Business Travel (GBTG) Interest Coverage Ratio (2021 - 2026)
Global Business Travel's (GBTG) quarterly Interest Coverage Ratio came in at 0.11 in Q1 2026, down 93.94% year-on-year from 1.83 in Q1 2025, and down 90.8% quarter-over-quarter from 1.21 in Q4 2025.
Global Business Travel (GBTG) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Global Business Travel's Interest Coverage Ratio history runs 6 years deep, the most recent figure standing at 0.11 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio fell 93.94% year-over-year to 0.11 in Q1 2026; TTM through Mar 2026 was 0.8, a 42.12% decrease from a year earlier, with the FY2025 full-year figure at 0.35, down 55.2% from the prior year.
- Interest Coverage Ratio slipped to 0.11 in Q1 2026 per GBTG's latest filing, from 1.21 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 1.83 in Q1 2025 and bottomed at 5.05 in Q1 2022.
- The 5-year median for Interest Coverage Ratio is 0.11 (2026), against an average of 0.01.
- Across the five-year window, Interest Coverage Ratio soared 2196.88% in 2024 and tumbled 93.94% in 2026, its largest moves.
- Year by year, Interest Coverage Ratio stood at 1.19 in 2022, then soared by 107.02% to 0.08 in 2023, then soared by 1536.36% to 1.36 in 2024, then decreased by 11.39% to 1.21 in 2025, then sank by 90.8% to 0.11 in 2026.
- Per Business Quant, the three latest GBTG Interest Coverage Ratio figures stand at 0.11 (Q1 2026), 1.21 (Q4 2025), and 0.5 (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.67 |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 3.63 |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 0.52 |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 4.85 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -12.55 |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.25 |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 1.27 |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 57.59 |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 2.43 |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.11 |
| Dec 31, 2025 | 1.21 |
| Sep 30, 2025 | 0.50 |
| Jun 30, 2025 | 1.48 |
| Mar 31, 2025 | 1.83 |
| Dec 31, 2024 | 1.36 |
| Sep 30, 2024 | 0.96 |
| Jun 30, 2024 | 1.31 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | -0.11 |
| Jun 30, 2023 | 0.06 |
| Mar 31, 2023 | -0.26 |
| Dec 31, 2022 | -1.19 |
| Sep 30, 2022 | -1.73 |
| Jun 30, 2022 | -0.79 |
| Mar 31, 2022 | -5.05 |
| Dec 31, 2021 | -12.06 |
| Sep 30, 2021 | -9.54 |
| Jun 30, 2021 | -8.77 |