Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026)
Granite Ridge Resources' (GRNT) Interest Coverage Ratio stood at 3.52 in Q2 2026, up 0.5% from 3.51 a year earlier and up 144.8% from the prior quarter.
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Analysis
Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
On a TTM basis, Granite Ridge Resources' Interest Coverage Ratio came in at 1.03 as of Jun 30, 2026, down 74.1% year-over-year; for FY2025, it came in at 1.82, down 43.3% from FY2024.
- Annual Interest Coverage Ratio has declined for three straight years.
- Across earlier years, Interest Coverage Ratio came in at 3.21 in FY2024 (-81.2%), 17.04 in FY2023 (-88.8%), 151.91 in FY2022 (+152.9%) and 60.06 in FY2021.
- The Q2 2026 figure is the highest quarterly Interest Coverage Ratio since Q1 2025.
- On a year-over-year basis, Interest Coverage Ratio rose in two of the last six quarters, with an average decline of 28.1%.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 384.7% in Q4 2022, against a decline of 99.1% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.44 (Q1 2026), -4.29 (Q4 2025) and 3.23 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 33.72 |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -56.60 |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 3.32 |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 57.03 |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -123.23 |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 25.74 |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | - |
| 10 | Granite Ridge Resources | 567.17 Mn | 527.00 Mn | - | 3.52 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.52 |
| 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 |
API Access
Granite Ridge Resources 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=GRNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "GRNT", "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=GRNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();