South Bow (SOBO) Interest Coverage Ratio (2023 - 2026)

South Bow (SOBO) posted Interest Coverage Ratio of 2.7 for Q1 2026, down 16.38% on a QoQ basis from 3.23 in Q3 2025, and down 11.15% year-on-year from 3.04 in Q1 2025.

South Bow (SOBO) Interest Coverage Ratio (2023 - 2026) Analysis & Trends

South Bow has disclosed Interest Coverage Ratio across 4 years of filings, most recently posting 2.7 for Q1 2026.

  • Interest Coverage Ratio for Q1 2026 came in at 2.7, down 11.15% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.46 (up 27.98% YoY), and the FY2023 annual result was 3.18, changed N/A from the prior year.
  • Interest Coverage Ratio came in at 2.7 for Q1 2026 at South Bow, down from 3.23 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for SOBO reached as high as 3.23 in Q3 2025 and fell as low as 2.1 in Q3 2024.
  • Median Interest Coverage Ratio over the past 4 years was 2.82 (2023), compared with a mean of 2.72.
  • On a YoY basis, Interest Coverage Ratio climbed as much as 53.36% in 2025 and fell as far as 16.33% in 2025.
  • Over 4 years, Interest Coverage Ratio stood at 2.93 in 2023, then slipped by 28.26% to 2.1 in 2024, then surged by 53.36% to 3.23 in 2025, then fell by 16.38% to 2.7 in 2026.
  • Per Business Quant, the three latest SOBO Interest Coverage Ratio figures stand at 2.7 (Q1 2026), 3.23 (Q3 2025), and 2.18 (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.64
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn -
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 4.92
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 3.15
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 4.17
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 3.25
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 1.99
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 2.59
10 South Bow - - 417.00 Mn 2.67

Historic Data

Download Data
DateValue
Mar 31, 2026 2.67
Dec 31, 2025 -3.65
Sep 30, 2025 3.23
Jun 30, 2025 3.07
Mar 31, 2025 3.04
Sep 30, 2024 2.10
Jun 30, 2024 2.61
Mar 31, 2024 3.00
Dec 31, 2023 2.93