Northern Oil & Gas (NOG) Interest Coverage Ratio (2010 - 2026)
Northern Oil & Gas' (NOG) Interest Coverage Ratio was -1.76 for Q3 2026, compared with -2.93 a year earlier.
Powered by 
Analysis
Northern Oil & Gas (NOG) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Northern Oil & Gas' Interest Coverage Ratio came in at -2.44; for FY2025, it was 1.43, down 73.2% from FY2024.
- Interest Coverage Ratio has declined for three consecutive years.
- By year, Interest Coverage Ratio came in at 5.31 in FY2024 (-35.8%), 8.27 in FY2023 (-22.1%), 10.62 in FY2022 (+704.1%) and 1.32 in FY2021.
- Five-year quarterly Interest Coverage Ratio spans a low of -15.38 in Q1 2026 and a high of 30.03 in Q3 2022.
- Year over year, Interest Coverage Ratio gained in two of the last four quarters, with growth averaging 72.0%.
- The high point for year-over-year Interest Coverage Ratio in five years was Q3 2024 (growth of 928.2%); the low point was Q3 2023 (a decline of 96.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 8.51 (Q2 2026), -15.38 (Q1 2026) and -0.81 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 117.04 |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 45.82 |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 47.75 |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 1.05 |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 71.79 |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 55.75 |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 30.25 |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | -1.76 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.76 |
| Jun 30, 2026 | 8.51 |
| Mar 31, 2026 | -15.38 |
| Dec 31, 2025 | -0.81 |
| Sep 30, 2025 | -2.93 |
| Jun 30, 2025 | 3.97 |
| Mar 31, 2025 | 5.29 |
| Dec 31, 2024 | 2.93 |
| Sep 30, 2024 | 11.78 |
| Jun 30, 2024 | 5.81 |
| Mar 31, 2024 | 1.38 |
| Dec 31, 2023 | 13.26 |
| Sep 30, 2023 | 1.15 |
| Jun 30, 2023 | 7.34 |
| Mar 31, 2023 | 11.96 |
| Dec 31, 2022 | 7.04 |
| Sep 30, 2022 | 30.03 |
| Jun 30, 2022 | 14.67 |
| Mar 31, 2022 | -10.52 |
| Dec 31, 2021 | 11.97 |
API Access
Northern Oil & Gas 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=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "NOG", "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=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();