NorthWestern Energy (NWE) Interest Coverage Ratio (2022 - 2026)
NorthWestern Energy's (NWE) Interest Coverage Ratio stood at 1.59 in Q2 2026, down 5.0% from 1.68 a year earlier and down 44.3% from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Interest Coverage Ratio (2022 - 2026) Analysis & Trends
On a TTM basis, NorthWestern Energy's Interest Coverage Ratio came in at 2.02 as of Jun 30, 2026, down 17.2% year-over-year; for FY2025, it was 2.17, down 11.7% from FY2024.
- Annual Interest Coverage Ratio has declined for four straight years.
- Across earlier years, Interest Coverage Ratio came in at 2.46 in FY2024 (-6.3%), 2.62 in FY2023 (-0.2%), 2.63 in FY2022 (-10.7%) and 2.94 in FY2021.
- Quarterly Interest Coverage Ratio has ranged from 1.53 in Q4 2025 to 3.50 in Q4 2023 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio has declined for three consecutive quarters, with an average decline of 11.2% over the last eight quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 20.4% in Q2 2024, against a decline of 40.9% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.86 (Q1 2026), 1.53 (Q4 2025) and 2.09 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 5.19 |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 0.59 |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 1.59 |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 1.89 |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 2.20 |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 2.08 |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 9.67 |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 3.25 |
| 10 | NorthWestern Energy | 4.19 Bn | 4.16 Bn | 302.78 Mn | 1.59 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.59 |
| Mar 31, 2026 | 2.86 |
| Dec 31, 2025 | 1.53 |
| Sep 30, 2025 | 2.09 |
| Jun 30, 2025 | 1.68 |
| Mar 31, 2025 | 3.42 |
| Dec 31, 2024 | 2.59 |
| Sep 30, 2024 | 2.03 |
| Jun 30, 2024 | 1.93 |
| Mar 31, 2024 | 3.30 |
| Dec 31, 2023 | 3.50 |
| Sep 30, 2023 | 1.94 |
| Jun 30, 2023 | 1.61 |
| Mar 31, 2023 | 3.43 |
| Dec 31, 2022 | 3.08 |
| Sep 30, 2022 | 1.91 |
API Access
NorthWestern Energy 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=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "NWE", "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=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();