Global Business Travel (GBTG) Interest Coverage Ratio (2021 - 2026)
Global Business Travel's Interest Coverage Ratio was 0.96 in Q2 2026, down 35.1% from 1.48 a year earlier but up 764.0% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Global Business Travel's Interest Coverage Ratio was 0.68 through Jun 30, 2026, down 54.8% year-over-year; for FY2025, it was 1.37, up 36.8% from FY2024.
- In earlier years, Interest Coverage Ratio was 1.00 in FY2024, -0.06 in FY2023, -2.02 in FY2022 and -10.57 in FY2021.
- Quarterly Interest Coverage Ratio has moved between -12.06 (Q4 2021) and 2.29 (Q1 2025) over five years.
- Compared with a year earlier, Interest Coverage Ratio has declined for four straight quarters, with growth averaging 32.6% over the last six quarters.
- Per Business Quant data, GBTG's Interest Coverage Ratio in the three quarters before Q2 2026 was 0.11 (Q1 2026), 1.21 (Q4 2025) and 0.50 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 5.56 |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 5.54 |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 4.69 |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 8.71 |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 7.79 |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | -12.50 |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -20.53 |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 35.21 |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 0.96 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.96 |
| 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 |
API Access
Global Business Travel Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();