On Semiconductor (ON) Interest Coverage Ratio (2009 - 2026)
On Semiconductor (ON) posted quarterly Interest Coverage Ratio of 2.7 for Q2 2026, up 86.6% year-over-year from 1.45 in Q2 2025, and down 123.32% quarter-over-quarter 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 2.7 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio rose 86.6% year-over-year to 2.7; the TTM figure through Apr 2026 stood at 30.53 (up 30.1% YoY), while the FY2025 annual figure was 1.15, down 85.93% from the prior year.
- Interest Coverage Ratio eased to 2.7 in Q2 2026 per ON's latest filing, from 11.57 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 43.11 in Q4 2023 and bottomed at 20.13 in Q2 2025.
- Historically, Interest Coverage Ratio has averaged 10.33 across 5 years, with a median of 11.57 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 379.6% — and 2025, when it tumbled 242.2%.
- On Semiconductor's Interest Coverage Ratio stood at 25.61 in 2022, then soared by 68.31% to 43.11 in 2023, then slumped by 140.68% to 17.54 in 2024, then jumped by 165.96% to 11.57 in 2025, then sank by 123.32% to 2.7 in 2026.
- Business Quant data shows ON's Interest Coverage Ratio at 2.7 in Q2 2026, 11.57 in Q4 2025, and 5.85 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | -242.55 |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 524.86 |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 13.90 |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | - |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 53.78 |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | - |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | - |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 16.38 |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 6.43 |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn | 18.88 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 5.93 |
| Apr 3, 2026 | -2.70 |
| Dec 31, 2025 | 11.57 |
| Oct 3, 2025 | 5.85 |
| Jul 4, 2025 | 6.60 |
| Apr 4, 2025 | -20.13 |
| Dec 31, 2024 | -17.54 |
| Sep 27, 2024 | 8.33 |
| Jun 28, 2024 | 11.13 |
| Mar 29, 2024 | 14.16 |
| Dec 31, 2023 | 43.11 |
| Sep 29, 2023 | 16.67 |
| Jun 30, 2023 | 15.55 |
| Mar 31, 2023 | 12.36 |
| Dec 31, 2022 | 25.61 |
| Sep 30, 2022 | 6.76 |
| Jul 1, 2022 | 20.21 |
| Apr 1, 2022 | 18.08 |
| Dec 31, 2021 | 15.01 |
| Oct 1, 2021 | 4.95 |