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
DateValue
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