MakeMyTrip (MMYT) Interest Coverage Ratio (2009 - 2026)
MakeMyTrip's (MMYT) quarterly Interest Coverage Ratio came in at 2.43 in Q1 2026, down 41.87% year-on-year from 4.18 in Q1 2025, and up 105.11% quarter-over-quarter from 1.18 in Q4 2025.
MakeMyTrip (MMYT) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
MakeMyTrip's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 2.43 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio fell 41.87% year-over-year to 2.43 in Q1 2026; TTM through Mar 2026 was 1.49, a 60.08% decrease from a year earlier, with the FY2026 full-year figure at 1.49, down 60.02% from the prior year.
- Interest Coverage Ratio advanced to 2.43 in Q1 2026 per MMYT's latest filing, from 1.18 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 5.03 in Q2 2024 and bottomed at 0.68 in Q1 2024.
- The 5-year median for Interest Coverage Ratio is 1.37 (2023), against an average of 2.01.
- Across the five-year window, Interest Coverage Ratio jumped 1326.45% in 2023 and slumped 149.83% in 2024, its largest moves.
- Year by year, Interest Coverage Ratio stood at 0.7 in 2022, then soared by 421.24% to 3.64 in 2023, then dropped by 16.59% to 3.03 in 2024, then tumbled by 60.96% to 1.18 in 2025, then surged by 105.11% to 2.43 in 2026.
- Per Business Quant, the three latest MMYT Interest Coverage Ratio figures stand at 2.43 (Q1 2026), 1.18 (Q4 2025), and 0.8 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.67 |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 3.63 |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 0.52 |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 4.85 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -12.55 |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.25 |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 1.27 |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 57.59 |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 2.43 |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.43 |
| Dec 31, 2025 | 1.18 |
| Sep 30, 2025 | 0.80 |
| Jun 30, 2025 | 3.75 |
| Mar 31, 2025 | 4.18 |
| Dec 31, 2024 | 3.03 |
| Sep 30, 2024 | 3.36 |
| Jun 30, 2024 | 5.03 |
| Mar 31, 2024 | -0.68 |
| Dec 31, 2023 | 3.64 |
| Sep 30, 2023 | 0.68 |
| Jun 30, 2023 | 3.79 |
| Mar 31, 2023 | 1.37 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.27 |
| Mar 31, 2022 | 0.38 |
| Dec 31, 2021 | -1.19 |
| Sep 30, 2021 | -1.65 |
| Jun 30, 2021 | -2.52 |