On Semiconductor (ON) Interest Coverage Ratio (2009 - 2026)
On Semiconductor (ON) posted quarterly Interest Coverage Ratio of 4.2 for Q2 2026, up 86.81% year-over-year from 2.25 in Q2 2025, and down 136.35% on a QoQ basis from 11.57 in Q4 2025.
On Semiconductor (ON) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On Semiconductor (ON) has reported Interest Coverage Ratio for 18 consecutive years, with 4.2 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio rose 86.81% year-over-year to 4.2; the TTM figure through Apr 2026 stood at 9.21 (down 10.85% YoY), while the FY2025 annual figure was 1.19, down 95.81% from the prior year.
- Interest Coverage Ratio came in at 4.2 for Q2 2026 at On Semiconductor, down from 11.57 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 42.41 in Q3 2023, with the low at 31.87 in Q2 2025.
- Average Interest Coverage Ratio over 5 years is 21.08, with a median of 25.61 recorded in 2022.
- Across the five-year window, Interest Coverage Ratio jumped 694.89% in 2022 and slumped 194.67% in 2025, its largest moves.
- Year by year, Interest Coverage Ratio stood at 25.61 in 2022, then jumped by 51.27% to 38.74 in 2023, then slumped by 31.06% to 26.71 in 2024, then slumped by 56.69% to 11.57 in 2025, then slumped by 136.35% to 4.2 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 4.2, 11.57, and 14.94 for Q2 2026, Q4 2025, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,798.43 Bn | 4,754.95 Bn | 61.16 Bn | 524.86 |
| 2 | Micron Technology | 1,164.41 Bn | 1,138.39 Bn | 35.06 Bn | - |
| 3 | Advanced Micro Devices | 882.18 Bn | 869.83 Bn | 5.42 Bn | 39.89 |
| 4 | Intel | 645.64 Bn | 626.45 Bn | 5.35 Bn | - |
| 5 | Aeluma | 370.26 Bn | 370.22 Bn | 386,000.00 | - |
| 6 | Arm Holdings | 358.73 Bn | 355.13 Bn | 1.46 Bn | - |
| 7 | Texas Instruments | 271.25 Bn | 266.15 Bn | 2.80 Bn | 12.82 |
| 8 | Marvell Technology | 239.95 Bn | 236.10 Bn | 1.26 Bn | 6.43 |
| 9 | Qualcomm | 193.93 Bn | 184.13 Bn | 4.16 Bn | 13.50 |
| 10 | On Semiconductor | 37.29 Bn | 34.91 Bn | 583.10 Mn | -4.20 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 2, 2021 | 8.53 |