Progress Software (PRGS) Interest Coverage Ratio (2014 - 2026)
Progress Software's Interest Coverage Ratio was 2.75 in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 11.3% from 2.47 a year earlier but down 3.1% from the prior quarter.
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Analysis
Progress Software (PRGS) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Progress Software's Interest Coverage Ratio was 2.73 through Aug 31, 2026, up 30.6% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 2.16, down 44.1% from FY2024.
- In earlier fiscal years, Interest Coverage Ratio was 3.87 in FY2024 (+7.9%), 3.59 in FY2023 (-57.1%), 8.37 in FY2022 (+44.5%) and 5.79 in FY2021 (-45.3%).
- Quarterly Interest Coverage Ratio has moved between 1.76 (fiscal Q1 2025) and 11.01 (fiscal Q2 2022) over five years.
- Compared with a year earlier, Interest Coverage Ratio has increased for four straight quarters, with an average decline of 7.8% over the last eight quarters.
- The best year-over-year quarter for Interest Coverage Ratio over five years was fiscal Q2 2022 (growth of 127.2%); the worst was fiscal Q2 2023 (a decline of 75.4%).
- Per Business Quant data, PRGS's Interest Coverage Ratio in the three fiscal quarters before Q3 2026 was 2.84 (Q2 2026), 3.05 (Q1 2026) and 2.32 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 322.94 Bn | 308.02 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 272.46 Bn | 252.90 Bn | 1.10 Bn | -5.50 |
| 3 | Fortinet | 131.11 Bn | 117.04 Bn | 1.64 Bn | 215.41 |
| 4 | Snowflake | 120.49 Bn | 107.81 Bn | 1.04 Bn | -126.37 |
| 5 | Datadog | 99.24 Bn | 80.88 Bn | 881.34 Mn | 1.68 |
| 6 | Okta | 35.54 Bn | 25.63 Bn | 641.00 Mn | 5.63 |
| 7 | Axon Enterprise | 34.30 Bn | 28.82 Bn | 546.45 Mn | 1.66 |
| 8 | Zscaler | 32.41 Bn | 18.53 Bn | - | - |
| 9 | Baidu | 29.12 Bn | -44.51 Bn | 1.47 Mn | 4.97 |
| 10 | Progress Software | 1.50 Bn | 1.07 Bn | 203.54 Mn | 2.75 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 2.75 |
| May 31, 2026 | 2.84 |
| Feb 28, 2026 | 3.05 |
| Nov 30, 2025 | 2.32 |
| Aug 31, 2025 | 2.47 |
| May 31, 2025 | 2.13 |
| Feb 28, 2025 | 1.76 |
| Nov 30, 2024 | 1.97 |
| Aug 31, 2024 | 5.96 |
| May 31, 2024 | 3.87 |
| Feb 29, 2024 | 4.77 |
| Nov 30, 2023 | 2.86 |
| Aug 31, 2023 | 3.44 |
| May 31, 2023 | 2.70 |
| Feb 28, 2023 | 6.09 |
| Nov 30, 2022 | 6.88 |
| Aug 31, 2022 | 7.99 |
| May 31, 2022 | 11.01 |
| Feb 28, 2022 | 7.95 |
| Nov 30, 2021 | 3.17 |
API Access
Progress Software 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=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "PRGS", "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=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();