Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026)
Granite Ridge Resources (GRNT) reported Interest Coverage Ratio of 1.44 for Q1 2026, down 83.03% on a YoY basis from 8.48 in Q1 2025, and up 133.57% quarter-over-quarter from 4.29 in Q4 2025.
Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Granite Ridge Resources has reported Interest Coverage Ratio for 6 years, with the latest figure at 1.44 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio fell 83.03% year-over-year to 1.44; the trailing twelve-month figure through Mar 2026 stood at 0.61 (down 84.96% YoY), and the FY2025 full-year result was 1.82, down 43.26% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 1.44, up from 4.29 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 224.33 in Q4 2022, with the low at 4.29 in Q4 2025.
- Historically, Interest Coverage Ratio has averaged 46.98 across 5 years, with a median of 6.21 in 2024.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 384.74% — and 2025, when it tumbled 189.59%.
- Granite Ridge Resources' Interest Coverage Ratio stood at 224.33 in 2022, then sank by 99.13% to 1.96 in 2023, then plunged by 175.44% to 1.48 in 2024, then plunged by 189.59% to 4.29 in 2025, then soared by 133.57% to 1.44 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.44 (Q1 2026), 4.29 (Q4 2025), and 3.23 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 36.37 |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 39.36 |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 8.69 |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 3.93 |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 21.04 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 13.70 |
| 10 | Granite Ridge Resources | 626.98 Mn | 572.76 Mn | - | 1.44 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.44 |
| Dec 31, 2025 | -4.29 |
| Sep 30, 2025 | 3.23 |
| Jun 30, 2025 | 3.51 |
| Mar 31, 2025 | 8.48 |
| Dec 31, 2024 | -1.48 |
| Sep 30, 2024 | 5.12 |
| Jun 30, 2024 | 3.76 |
| Mar 31, 2024 | 6.21 |
| Dec 31, 2023 | 1.96 |
| Sep 30, 2023 | 24.04 |
| Jun 30, 2023 | 19.71 |
| Mar 31, 2023 | 86.70 |
| Dec 31, 2022 | 224.33 |
| Sep 30, 2022 | 135.95 |
| Jun 30, 2022 | 163.14 |
| Mar 31, 2022 | 116.88 |
| Dec 31, 2021 | 46.28 |
| Sep 30, 2021 | 90.74 |