Heritage Global (HGBL) Interest Coverage Ratio (2010 - 2026)
Heritage Global's (HGBL) Interest Coverage Ratio stood at -321.71 in Q2 2026, compared with 124.00 a year earlier.
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Analysis
Heritage Global (HGBL) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
On a TTM basis, Heritage Global's Interest Coverage Ratio came in at -713.08 as of Jun 30, 2026; for FY2025, it was 42.62, down 56.3% from FY2024.
- Across earlier years, Interest Coverage Ratio came in at 97.48 in FY2024 (+120.6%), 44.19 in FY2023 (-55.1%), 98.41 in FY2022 (-28.2%) and 137.00 in FY2021 (+1.7%).
- The Q2 2026 figure is the lowest quarterly Interest Coverage Ratio in data going back to Q2 2010.
- On a year-over-year basis, Interest Coverage Ratio rose in four of the last seven quarters, with growth averaging 57.9%.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 280.6% in Q4 2022, against a decline of 93.4% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 50.40 (Q1 2026), 29.81 (Q4 2025) and 38.26 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | - |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | - |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 418.17 |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | - |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | - |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 24.26 |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | - |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | - |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | - |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn | -321.71 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -321.71 |
| Mar 31, 2026 | 50.40 |
| Dec 31, 2025 | 29.81 |
| Sep 30, 2025 | 38.26 |
| Jun 30, 2025 | 124.00 |
| Mar 31, 2025 | 25.05 |
| Dec 31, 2024 | 16.50 |
| Sep 30, 2024 | 87.00 |
| Jun 30, 2024 | 32.81 |
| Mar 31, 2024 | 27.80 |
| Dec 31, 2023 | 46.01 |
| Sep 30, 2023 | 49.45 |
| Jun 30, 2023 | 30.70 |
| Mar 31, 2023 | 57.26 |
| Dec 31, 2022 | 185.12 |
| Sep 30, 2022 | 165.43 |
| Jun 30, 2022 | 97.95 |
| Mar 31, 2022 | 23.03 |
| Dec 31, 2021 | 48.64 |
| Sep 30, 2021 | 88.83 |
API Access
Heritage Global 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=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "HGBL", "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=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();