Himalaya Shipping (HSHP) Interest Coverage Ratio (2023 - 2026)
Himalaya Shipping (HSHP) reported Interest Coverage Ratio of 1.39 for Q1 2026, down 179.55% on a YoY basis from 1.74 in Q1 2025, and up 32.25% quarter-over-quarter from 2.05 in Q4 2025.
Himalaya Shipping (HSHP) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Himalaya Shipping has reported Interest Coverage Ratio for 4 years, with the latest figure at 1.39 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio fell 179.55% year-over-year to 1.39; the trailing twelve-month figure through Mar 2026 stood at 1.55 (down 27.17% YoY), and the FY2025 full-year result was 1.33, down 7.3% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 1.39, up from 2.05 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 0.5 in Q1 2025, with the low at 2.05 in Q4 2025.
- Historically, Interest Coverage Ratio has averaged 1.25 across 4 years, with a median of 1.25 in 2024.
- Annual changes were most pronounced in 2024 — Interest Coverage Ratio plunged 204.37% — and 2025, when it surged 60.31%.
- Himalaya Shipping's Interest Coverage Ratio stood at 1.74 in 2023, then jumped by 38.5% to 1.07 in 2024, then slumped by 91.56% to 2.05 in 2025, then jumped by 32.25% to 1.39 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.39 (Q1 2026), 2.05 (Q4 2025), and 1.72 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | -2,842.87 |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -23.85 |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 38.38 |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -8.49 |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 0.60 |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 0.16 |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -5.13 |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -9.34 |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Himalaya Shipping | 1.61 | 1.61 | 26.20 Mn | -1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.39 |
| Dec 31, 2025 | -2.05 |
| Sep 30, 2025 | -1.72 |
| Jun 30, 2025 | -1.06 |
| Mar 31, 2025 | -0.50 |
| Dec 31, 2024 | -1.07 |
| Sep 30, 2024 | -1.79 |
| Jun 30, 2024 | -1.59 |
| Mar 31, 2024 | -1.25 |
| Dec 31, 2023 | -1.74 |
| Sep 30, 2023 | -0.59 |
| Jun 30, 2023 | -0.60 |
| Mar 31, 2023 | -0.86 |