Royal Bank Of Canada (RY) Interest Coverage Ratio (2009 - 2026)
Royal Bank Of Canada's (RY) Interest Coverage Ratio came in at 1.43 for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 3.4% from 1.39 a year earlier and up 0.3% from the prior quarter.
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Analysis
Royal Bank Of Canada (RY) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Interest Coverage Ratio at Royal Bank Of Canada was 1.42, up 6.4% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 1.36, up 8.3% from FY2024.
- In prior fiscal years, Royal Bank Of Canada's Interest Coverage Ratio was 1.26 in FY2024 (-2.8%), 1.29 in FY2023 (-38.8%), 2.11 in FY2022 (-40.2%) and 3.53 in FY2021 (+74.6%).
- The fiscal Q3 2026 figure stands as the highest quarterly Interest Coverage Ratio since fiscal Q4 2022.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last eight quarters, with growth averaging 6.9% over the last eight quarters.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was fiscal Q4 2021, with growth of 32.1%; the weakest was fiscal Q1 2023, with a decline of 60.7%.
- According to Business Quant data, Interest Coverage Ratio for the three prior fiscal quarters was 1.43 (Q2 2026), 1.42 (Q1 2026) and 1.39 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 2.10 |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | -2.12 |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 1.65 |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 1.56 |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 1.43 |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 0.56 |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 1.47 |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 1.73 |
| 10 | Banco Santander | 208.29 Bn | 215.91 Bn | - | 0.58 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.43 |
| Apr 30, 2026 | 1.43 |
| Jan 31, 2026 | 1.42 |
| Oct 31, 2025 | 1.39 |
| Jul 31, 2025 | 1.39 |
| Apr 30, 2025 | 1.33 |
| Jan 31, 2025 | 1.35 |
| Oct 31, 2024 | 1.28 |
| Jul 31, 2024 | 1.27 |
| Apr 30, 2024 | 1.26 |
| Jan 31, 2024 | 1.23 |
| Oct 31, 2023 | 1.22 |
| Jul 31, 2023 | 1.28 |
| Apr 30, 2023 | 1.31 |
| Jan 31, 2023 | 1.40 |
| Oct 31, 2022 | 1.56 |
| Jul 31, 2022 | 1.94 |
| Apr 30, 2022 | 3.14 |
| Jan 31, 2022 | 3.56 |
| Oct 31, 2021 | 3.55 |
API Access
Royal Bank Of Canada 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=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "RY", "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=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();