On Semiconductor (ON) Interest Coverage Ratio (2009 - 2026)
On Semiconductor's (ON) Interest Coverage Ratio was 18.88 for Q2 2026, up 74.7% from 10.80 a year earlier.
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Analysis
On Semiconductor (ON) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 3, 2026, On Semiconductor's Interest Coverage Ratio came in at 10.91, up 54.0% year-over-year; for FY2025, it came in at 1.19, down 95.8% from FY2024.
- By year, Interest Coverage Ratio came in at 28.37 in FY2024 (-16.4%), 33.94 in FY2023 (+36.5%), 24.87 in FY2022 (+151.9%) and 9.87 in FY2021 (+376.9%).
- The Q2 2026 figure ranks as the highest quarterly Interest Coverage Ratio since Q4 2024.
- Year over year, Interest Coverage Ratio gained in 1 of the last six quarters, with an average decline of 25.0%.
- The high point for year-over-year Interest Coverage Ratio in five years was Q1 2022 (growth of 694.9%); the low point was Q4 2025 (a decline of 56.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -4.20 (Q1 2026), 11.57 (Q4 2025) and 14.94 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | - |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 248.49 |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 20.51 |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | - |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 53.78 |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | - |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | - |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 45.22 |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 18.88 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 18.88 |
| Apr 3, 2026 | -4.20 |
| Dec 31, 2025 | 11.57 |
| Oct 3, 2025 | 14.94 |
| Jul 4, 2025 | 10.80 |
| Apr 4, 2025 | -31.87 |
| Dec 31, 2024 | 26.71 |
| Sep 27, 2024 | 28.37 |
| Jun 28, 2024 | 24.75 |
| Mar 29, 2024 | 33.67 |
| Dec 31, 2023 | 38.74 |
| Sep 29, 2023 | 42.41 |
| Jun 30, 2023 | 41.14 |
| Mar 31, 2023 | 21.40 |
| Dec 31, 2022 | 25.61 |
| Sep 30, 2022 | 17.91 |
| Jul 1, 2022 | 26.43 |
| Apr 1, 2022 | 29.96 |
| Dec 31, 2021 | 15.01 |
| Oct 1, 2021 | 12.51 |
API Access
On Semiconductor 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=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "ON", "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=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();