Upwork (UPWK) Interest Coverage Ratio (2017 - 2023)
Upwork (UPWK) recorded quarterly Interest Coverage Ratio of 16.13 in Q3 2023, up 288.0% quarter-over-quarter from 8.58 in Q2 2023, and up 170.8% on a YoY basis from 5.96 in Q3 2022.
Upwork (UPWK) Interest Coverage Ratio (2017 - 2023) Analysis & Trends
Upwork's Interest Coverage Ratio history runs 7 years deep, the most recent figure standing at 16.13 for Q3 2023.
- In Q3 2023, Interest Coverage Ratio rose 170.8% year-over-year to 16.13; the TTM figure through Jun 2024 stood at 71.34 (up 475.04% YoY), while the FY2022 annual figure was 20.66, up 16.92% from the prior year.
- Interest Coverage Ratio was 16.13 for Q3 2023 at Upwork, up from 8.58 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 16.13 in Q3 2023 to a low of 149.05 in Q2 2021.
- Historically, Interest Coverage Ratio has averaged 24.93 across 5 years, with a median of 19.93 in 2020.
- The sharpest annual moves came in 2019 and 2023: Interest Coverage Ratio slumped 1472.33% in 2019, then jumped 170.8% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 26.55 in 2019, then jumped by 117.91% to 4.75 in 2020, then slumped by 507.79% to 19.38 in 2021, then rose by 5.75% to 18.27 in 2022, then soared by 188.26% to 16.13 in 2023.
- The last three Interest Coverage Ratio figures came in at 16.13 (Q3 2023), 8.58 (Q2 2023), and 22.74 (Q1 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 2.01 |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | - |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | - |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | -27.50 |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | - | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | - | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | - |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 5.56 |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -2.03 |
| 10 | Upwork | 1.03 Bn | 452.88 Mn | 150.84 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 16.13 |
| Jun 30, 2023 | -8.58 |
| Mar 31, 2023 | -22.74 |
| Dec 31, 2022 | -18.27 |
| Sep 30, 2022 | -22.78 |
| Jun 30, 2022 | -20.58 |
| Mar 31, 2022 | -21.02 |
| Dec 31, 2021 | -19.38 |
| Sep 30, 2021 | -11.15 |
| Jun 30, 2021 | -149.05 |
| Mar 31, 2021 | -38.68 |
| Dec 31, 2020 | 4.75 |
| Sep 30, 2020 | -19.93 |
| Jun 30, 2020 | -42.57 |
| Mar 31, 2020 | -39.35 |
| Dec 31, 2019 | -26.55 |
| Sep 30, 2019 | -11.65 |
| Jun 30, 2019 | -8.12 |
| Mar 31, 2019 | -14.12 |
| Dec 31, 2018 | -7.41 |