International Business Machines (IBM) Interest Coverage Ratio (2009 - 2026)
International Business Machines' (IBM) Interest Coverage Ratio stood at 5.38 in Q2 2026, down 3.8% from 5.59 a year earlier but up 50.8% from the prior quarter.
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Analysis
International Business Machines (IBM) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, International Business Machines' Interest Coverage Ratio came in at 5.76 as of Jun 30, 2026, up 12.8% year-over-year; for FY2025, it was 5.61, up 14.6% from FY2024.
- Across earlier years, Interest Coverage Ratio came in at 4.90 in FY2024 (-7.7%), 5.30 in FY2023 (-14.1%), 6.18 in FY2022 (+14.1%) and 5.41 in FY2021 (+72.5%).
- Quarterly Interest Coverage Ratio has ranged from 2.25 in Q1 2024 to 10.42 in Q4 2022 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio rose in five of the last eight quarters, with growth averaging 9.4%.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 35.9% in Q1 2026, against a decline of 41.4% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.57 (Q1 2026), 8.95 (Q4 2025) and 5.14 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 48.39 |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 5.38 |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | -66.59 |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 4.40 |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | -1.48 |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | - |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | 15.43 |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | 8.84 |
| 10 | DigitalOcean Holdings | 14.71 Bn | 12.71 Bn | 154.66 Mn | 3.94 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.38 |
| Mar 31, 2026 | 3.57 |
| Dec 31, 2025 | 8.95 |
| Sep 30, 2025 | 5.14 |
| Jun 30, 2025 | 5.59 |
| Mar 31, 2025 | 2.63 |
| Dec 31, 2024 | 8.51 |
| Sep 30, 2024 | 3.81 |
| Jun 30, 2024 | 5.09 |
| Mar 31, 2024 | 2.25 |
| Dec 31, 2023 | 9.20 |
| Sep 30, 2023 | 4.56 |
| Jun 30, 2023 | 4.52 |
| Mar 31, 2023 | 2.73 |
| Dec 31, 2022 | 10.42 |
| Sep 30, 2022 | 4.84 |
| Jun 30, 2022 | 5.93 |
| Mar 31, 2022 | 3.41 |
| Dec 31, 2021 | 9.81 |
| Sep 30, 2021 | 4.12 |
API Access
International Business Machines 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=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "IBM", "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=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();