Chicago Atlantic Real Estate Finance (REFI) Interest Coverage Ratio (2022 - 2026)
Chicago Atlantic Real Estate Finance's (REFI) Interest Coverage Ratio stood at 4.13 in Q2 2026, down 21.6% from 5.27 a year earlier but up 22.6% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Interest Coverage Ratio (2022 - 2026) Analysis & Trends
On a TTM basis, Chicago Atlantic Real Estate Finance's Interest Coverage Ratio came in at 4.76 as of Jun 30, 2026, down 23.0% year-over-year; for FY2025, it was 5.77, down 6.6% from FY2024.
- Annual Interest Coverage Ratio has declined for three straight years.
- Across earlier years, Interest Coverage Ratio came in at 6.18 in FY2024 (-20.1%), 7.73 in FY2023 (-42.1%) and 13.35 in FY2022.
- Quarterly Interest Coverage Ratio has ranged from 3.37 in Q1 2026 to 27.99 in Q2 2022 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio has declined for five consecutive quarters, with an average decline of 11.8% over the last eight quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 13.8% in Q1 2025, against a decline of 65.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.37 (Q1 2026), 5.44 (Q4 2025) and 6.71 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | 3.67 |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | 4.54 |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | 2.27 |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | 1.15 |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | 59.33 |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | 1.39 |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | 2.21 |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | 0.31 |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | - |
| 10 | Chicago Atlantic Real Estate Finance | 197.37 Mn | 132.95 Mn | - | 1.15 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.15 |
| Jun 30, 2026 | 4.13 |
| Mar 31, 2026 | 3.37 |
| Dec 31, 2025 | 5.44 |
| Sep 30, 2025 | 6.71 |
| Jun 30, 2025 | 5.27 |
| Mar 31, 2025 | 5.86 |
| Dec 31, 2024 | 6.61 |
| Sep 30, 2024 | 7.23 |
| Jun 30, 2024 | 5.99 |
| Mar 31, 2024 | 5.15 |
| Dec 31, 2023 | 6.56 |
| Sep 30, 2023 | 7.88 |
| Jun 30, 2023 | 9.69 |
| Mar 31, 2023 | 7.61 |
| Dec 31, 2022 | 6.89 |
| Sep 30, 2022 | 12.34 |
| Jun 30, 2022 | 27.99 |
| Mar 31, 2022 | 106.99 |
API Access
Chicago Atlantic Real Estate Finance 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=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "REFI", "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=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();