Global Business Travel (GBTG) Interest Coverage Ratio (2021 - 2026)

Global Business Travel (GBTG) recorded quarterly Interest Coverage Ratio of 0.11 in Q1 2026, down 90.8% quarter-over-quarter from 1.21 in Q4 2025, and down 95.15% on a YoY basis from 2.29 in Q1 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.

  • In Q1 2026, Interest Coverage Ratio fell 95.15% year-over-year to 0.11; the TTM figure through Mar 2026 stood at 0.8 (down 45.22% YoY), while the FY2025 annual figure was 1.37, up 36.84% from the prior year.
  • Interest Coverage Ratio was 0.11 for Q1 2026 at Global Business Travel, down from 1.21 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 2.29 in Q1 2025 to a low of 5.05 in Q1 2022.
  • Historically, Interest Coverage Ratio has averaged 0.03 across 5 years, with a median of 0.11 in 2026.
  • The sharpest annual moves came in 2024 and 2026: Interest Coverage Ratio jumped 2196.88% in 2024, then sank 95.15% in 2026.
  • A 5-year view of Interest Coverage Ratio shows it stood at 1.31 in 2022, then soared by 106.36% 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 tumbled by 90.8% to 0.11 in 2026.
  • The last three Interest Coverage Ratio figures came in at 0.11 (Q1 2026), 1.21 (Q4 2025), and 0.5 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 5.02
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 4.18
4 Carnival 37.80 Bn 36.39 Bn - 2.09
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 2.26
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.11
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 4.82
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -22.75
10 MakeMyTrip 2.12 Bn 1.35 Bn - 2.43

Historic Data

Download Data
DateValue
Mar 31, 2026 0.11
Dec 31, 2025 1.21
Sep 30, 2025 0.50
Jun 30, 2025 1.48
Mar 31, 2025 2.29
Dec 31, 2024 1.36
Sep 30, 2024 0.96
Jun 30, 2024 1.31
Mar 31, 2024 0.48
Dec 31, 2023 0.08
Sep 30, 2023 -0.11
Jun 30, 2023 0.06
Mar 31, 2023 -0.26
Dec 31, 2022 -1.31
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