Royal Bank Of Canada (RY) Interest Coverage Ratio (2009 - 2026)
Royal Bank Of Canada (RY) posted Interest Coverage Ratio of 1.43 for Q3 2026, little changed on a QoQ basis from 1.43 in Q2 2026, and up 3.42% year-over-year from 1.39 in Q3 2025.
Analysis
Royal Bank Of Canada (RY) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Royal Bank Of Canada has reported Interest Coverage Ratio for 17 years, with the latest figure at 1.43 in Q3 2026.
- On a quarterly basis, Interest Coverage Ratio rose 3.42% year-over-year to 1.43 in Q3 2026; TTM through Jul 2026 was 1.42, a 6.35% increase from a year earlier, with the FY2025 full-year figure at 1.36, up 8.28% from the prior year.
- Interest Coverage Ratio was 1.43 for Q3 2026 at Royal Bank Of Canada, roughly flat from 1.43 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 2.61 in Q1 2022, with the low at 0.23 in Q3 2023.
- Average Interest Coverage Ratio over 5 years is 1.16, with a median of 1.28 recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Interest Coverage Ratio sank 87.66% in 2023, then jumped 449.1% in 2024.
- Over 5 years, Interest Coverage Ratio stood at 0.61 in 2022, then sank by 55.39% to 0.27 in 2023, then surged by 370.46% to 1.28 in 2024, then climbed by 8.61% to 1.39 in 2025, then increased by 3.42% to 1.43 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.43 (Q3 2026), 1.43 (Q2 2026), and 1.42 (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 0.66 |
| 2 | Morgan Stanley | 333.71 Bn | 173.57 Bn | - | 1.56 |
| 3 | Goldman Sachs | 306.35 Bn | -670.00 Bn | - | 1.47 |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 3.44 |
| 5 | Royal Bank Of Canada | 290.90 Bn | 64.02 Bn | - | 1.43 |
| 6 | Wells Fargo & Company | 271.13 Bn | 67.16 Bn | - | 1.73 |
| 7 | American Express | 217.39 Bn | 168.08 Bn | 17.99 Bn | 1.79 |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | 0.30 |
| 9 | Toronto Dominion Bank | 205.07 Bn | 43.74 Bn | - | 0.25 |
| 10 | Schwab Charles | 185.82 Bn | 112.23 Bn | - | 5.65 |
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 | 0.27 |
| Jul 31, 2023 | 0.23 |
| Apr 30, 2023 | 0.28 |
| Jan 31, 2023 | 0.32 |
| Oct 31, 2022 | 0.61 |
| Jul 31, 2022 | 1.01 |
| Apr 30, 2022 | 1.85 |
| Jan 31, 2022 | 2.61 |
| Oct 31, 2021 | 2.44 |