Westpac Banking (WBKCY) Interest Coverage Ratio (2009 - 2024)
Westpac Banking posted quarterly Interest Coverage Ratio of 0.61 for Q3 2024, up 183.63% year-on-year from 0.21 in Q4 2023, and up 183.63% on a QoQ basis from 0.72 in Q3 2023.
Westpac Banking (WBKCY) has 15 years of Interest Coverage Ratio data on file, last reported at 0.61 in Q3 2024.
- For the quarter ending Q3 2024, Interest Coverage Ratio rose 183.63% year-over-year to 0.61; the trailing twelve-month figure through Sep 2024 stood at 8.5 (up 959.79% YoY), and the FY2025 full-year result was 1.28, up 314.79% from the prior year.
- Interest Coverage Ratio for Q3 2024 stood at 0.61, up from 0.72 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 0.61 in Q3 2024 and bottomed at 2.25 in Q3 2022.
- The 5-year median for Interest Coverage Ratio is 0.47 (2021), against an average of 0.46.
- The widest annual swing landed in 2022, when Interest Coverage Ratio slumped 374.15%; it then surged 183.63% in 2024.
- A 5-year view of Interest Coverage Ratio shows it stood at 0.55 in 2020, then sank by 185.52% to 0.47 in 2021, then plunged by 374.15% to 2.25 in 2022, then surged by 67.8% to 0.72 in 2023, then soared by 183.63% to 0.61 in 2024.
- The last three Interest Coverage Ratio figures came in at 0.61 (Q3 2024), 0.72 (Q3 2023), and 2.25 (Q3 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,282,929,665.61 Bn | 1,282,929,665.82 Bn | - | 1.47 |
| 2 | Toronto Dominion Bank | 928.05 Bn | 749.34 Bn | - | - |
| 3 | Hsbc Holdings | 799.80 Bn | 799.80 Bn | - | - |
| 4 | Barclays | 460.27 Bn | 460.27 Bn | - | - |
| 5 | Bank Of America | 373.62 Bn | -233.08 Bn | 29.24 Bn | 0.61 |
| 6 | Bank Of Montreal | 316.89 Bn | 316.89 Bn | - | 1.35 |
| 7 | Wells Fargo & Company | 238.28 Bn | 163.21 Bn | - | 1.58 |
| 8 | Citigroup | 235.82 Bn | -1,949.18 Bn | 19.85 Bn | 0.29 |
| 9 | Bank of New York Mellon | 94.86 Bn | 37.94 Bn | - | 1.45 |
| 10 | Westpac Banking | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 0.61 |
| Sep 30, 2023 | -0.72 |
| Sep 30, 2022 | -2.25 |
| Sep 30, 2021 | -0.47 |
| Sep 30, 2020 | 0.55 |
| Sep 30, 2019 | 0.32 |
| Sep 30, 2018 | 0.31 |
| Sep 30, 2016 | -1.30 |
| Sep 30, 2015 | 0.27 |
| Sep 30, 2014 | 0.42 |
| Sep 30, 2013 | 557.53 |
| Sep 30, 2012 | -5.29 |
| Sep 30, 2011 | 214.29 |
| Sep 30, 2010 | -12.63 |
| Sep 30, 2009 | -16.71 |
| Mar 8, 2009 | 1.28 |