Shell (SHEL) Interest Coverage Ratio (2009 - 2026)
Shell's (SHEL) Interest Coverage Ratio stood at 19.24 in Q2 2026, up 59.0% from 12.10 a year earlier and up 74.8% from the prior quarter.
Shell (SHEL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, Shell's Interest Coverage Ratio came in at 10.97 as of Jun 30, 2026, up 28.4% year-over-year; for FY2025, it was -7.64.
- Across earlier years, Interest Coverage Ratio came in at -34.03 in FY2024, -39.98 in FY2023, -62.42 in FY2022 and -43.31 in FY2021.
- The Q2 2026 figure is the highest quarterly Interest Coverage Ratio since Q1 2018.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 688.13 Bn | 646.27 Bn | - | 117.04 |
| 2 | Chevron | 418.95 Bn | 385.99 Bn | 31.26 Bn | 45.82 |
| 3 | Shell | 293.27 Bn | 153.54 Bn | - | - |
| 4 | TotalEnergies SE | 194.26 Bn | 65.34 Bn | 31,614.00 | -9.21 Mn |
| 5 | Eni Spa | 168.66 Bn | 108.29 Bn | - | 1.05 |
| 6 | Conocophillips | 167.23 Bn | 139.94 Bn | 12.81 Bn | 57.03 |
| 7 | Equinor Asa | 109.45 Bn | 22.30 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 102.50 Bn | 96.40 Bn | 9.35 Bn | 55.75 |
| 9 | Phillips 66 | 98.70 Bn | 82.49 Bn | 10.69 Bn | 30.25 |
| 10 | Suncor Energy | 84.71 Bn | 65.40 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.24 |
| Mar 31, 2026 | 11.01 |
| Jun 30, 2025 | 12.10 |
| Mar 31, 2025 | 13.20 |
| Jun 30, 2024 | -34.50 |
| Mar 31, 2024 | -32.69 |
| Jun 30, 2023 | -39.29 |
| Mar 31, 2023 | -0.91 |
| Jun 30, 2022 | -62.62 |
| Mar 31, 2022 | -1.04 |
| Jun 30, 2021 | -41.25 |
| Mar 31, 2021 | -0.60 |
| Jun 30, 2020 | -21.33 |
| Mar 31, 2020 | -3.65 |
| Dec 31, 2019 | 11.67 |
| Sep 30, 2019 | 12.09 |
| Jun 30, 2019 | -51.89 |
| Mar 31, 2019 | -45.25 |
| Dec 31, 2018 | 7.00 |
| Sep 30, 2018 | -74.51 |
Shell 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=SHEL&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "SHEL", "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=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();