Txnm Energy Inc (TXNM) Interest Coverage Ratio (2009 - 2024)

Txnm Energy (TXNM) has reported Interest Coverage Ratio for 16 consecutive years, with 1.89 the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Interest Coverage Ratio fell 5.89% year-over-year to 1.89; the trailing twelve-month figure through Jun 2024 stood at 1.06 (down 60.75% YoY), and the FY2023 full-year result was 1.22, down 60.52% from the prior year.
• Interest Coverage Ratio grew to 1.89 in Q2 2024 per TXNM's latest filing, from 1.5 in the prior quarter.
• Across five years, Interest Coverage Ratio topped out at 6.53 in Q3 2021 and bottomed at 0.87 in Q4 2023.
• Historically, Interest Coverage Ratio has averaged 2.44 across 5 years, with a median of 1.95 in 2024.
• The sharpest annual moves came in 2020 and 2023: Interest Coverage Ratio soared 172.83% in 2020, then slumped 158.41% in 2023.
• Over 5 years, Interest Coverage Ratio stood at 0.73 in 2020, then jumped by 127.69% to 1.65 in 2021, then declined by 9.85% to 1.49 in 2022, then plunged by 158.41% to 0.87 in 2023, then soared by 317.5% to 1.89 in 2024.
• According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.89, 1.5, and 0.87 for Q2 2024, Q1 2024, and Q4 2023 respectively.