Mind Technology (MIND) Interest Coverage Ratio (2010 - 2026)
Mind Technology (MIND) posted quarterly Interest Coverage Ratio of 0.03 for Q2 2026, up 103.24% year-over-year from 0.02 in Q2 2025, and down 89.72% quarter-over-quarter from 0.33 in Q1 2026.
Mind Technology (MIND) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has reported Interest Coverage Ratio for 17 consecutive years, with 0.03 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio rose 103.24% year-over-year to 0.03; the TTM figure through Apr 2026 stood at 8.67 (down 0.97% YoY), while the FY2026 annual figure was 2.3, down 66.71% from the prior year.
- Interest Coverage Ratio retreated to 0.03 in Q2 2026 per MIND's latest filing, from 0.33 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 12.51 in Q3 2025 and bottomed at 22.97 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 0.1 across 5 years, with a median of 0.38 in 2023.
- On a YoY basis, Interest Coverage Ratio climbed as much as 1713.96% in 2025 and fell as far as 154.08% in 2025.
- Mind Technology's Interest Coverage Ratio stood at 6.6 in 2022, then jumped by 31.2% to 4.54 in 2023, then surged by 245.48% to 6.61 in 2024, then slumped by 80.95% to 1.26 in 2025, then sank by 97.27% to 0.03 in 2026.
- Business Quant data shows MIND's Interest Coverage Ratio at 0.03 in Q2 2026, 0.33 in Q1 2026, and 1.26 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | - |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 16.28 |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -23.87 |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 24.50 |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 6.61 |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | -5.93 |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 6.32 |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | - |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | - |
| 10 | Mind Technology | 42.04 Mn | 24.34 Mn | 4.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.03 |
| Jan 31, 2026 | 0.33 |
| Oct 31, 2025 | 1.26 |
| Jul 31, 2025 | 12.51 |
| Apr 30, 2025 | -1.06 |
| Jan 31, 2025 | 8.09 |
| Oct 31, 2024 | 6.61 |
| Jul 31, 2024 | 0.69 |
| Apr 30, 2024 | 1.96 |
| Jan 31, 2024 | 7.86 |
| Oct 31, 2023 | -4.54 |
| Jul 31, 2023 | -0.73 |
| Apr 30, 2023 | 0.42 |
| Jan 31, 2023 | 2.72 |
| Oct 31, 2022 | -6.60 |
| Jul 31, 2022 | -3.09 |
| Apr 30, 2022 | -5.22 |
| Jan 31, 2022 | -22.97 |
| Oct 31, 2021 | -2.93 |
| Jul 31, 2021 | -1.50 |