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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalMarket CapitalizationNet MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mercantile Bank (MBWM) Interest Coverage Ratio: 2009-2024

Historic Interest Coverage Ratio for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to 0.16.

  • Mercantile Bank's Interest Coverage Ratio rose 6.85% to 1.82 in Q3 2025 from the same period last year, while for Sep 2025 it was 1.76, marking a year-over-year decrease of 3.46%. This contributed to the annual value of 0.16 for FY2024, which is 42.90% down from last year.
  • Per Mercantile Bank's latest filing, its Interest Coverage Ratio stood at 0.16 for FY2024, which was down 42.90% from 0.28 recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Interest Coverage Ratio registered a high of 0.80 during FY2021, and its lowest value of 0.16 during FY2024.
  • Moreover, its 3-year median value for Interest Coverage Ratio was 0.28 (2023), whereas its average is 0.37.
  • As far as peak fluctuations go, Mercantile Bank's Interest Coverage Ratio spiked by 80.30% in 2021, and later tumbled by 58.91% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Coverage Ratio (Yearly) stood at 0.44 in 2020, then skyrocketed by 80.30% to 0.80 in 2021, then fell by 15.33% to 0.67 in 2022, then plummeted by 58.91% to 0.28 in 2023, then tumbled by 42.90% to 0.16 in 2024.