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Bank of America Corporation (BAC) Interest Coverage Ratio

Annual Interest Coverage Ratio

1.480.16+12.12%

Summary

As of today, BAC annual interest coverage ratio is 1.48, up +12.12% on
BAC annual interest coverage ratio is down -41.73% over the past 3 years, down -55.29% over the past 5 years
BAC annual interest coverage ratio is currently -81.88% below its historical high of 8.17 set on
BAC annual interest coverage ratio is +12.12% above its 3-year low of 1.32 reached on
BAC annual interest coverage ratio is higher than 34.70% of companies in Financial Services sector

Interest Coverage Ratio Chart

SUGGESTED SERIES

Performance

BAC Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Coverage Ratio1.48+12.1%-41.7%-55.3%+57.5%
Quarterly Interest Coverage Ratio1.65+19.6%+14.6%-79.3%+235.3%
Price$64.23+34.0%+120.7%+57.5%+816.3%
Annual EBIT$116.17B-3.0%+127.5%+326.8%+412.9%
Annual Interest Expense$78.47B-13.3%+290.3%+854.0%+227.3%
Annual Debt To Equity2.34+3.5%+25.8%+37.6%-29.1%
Annual Current Ratio0.96-2.0%+24.7%-4.0%-42.2%
Annual Quick Ratio-––––
Piotroski F-Score6+50.0%-14.3%+50.0%+50.0%
Altman Z-Score0.350.0%+169.2%+52.2%+25.0%

Interest Coverage Ratio Highs

BAC Annual Interest Coverage Ratio Highs Comparison
PeriodHighDateCurrent
3Y2.54N/A-41.7%
5Y8.17-81.9%
All8.17-81.9%

Interest Coverage Ratio Lows

BAC Annual Interest Coverage Ratio Lows Comparison
PeriodLowDateCurrent
3Y1.32+12.1%
5Y1.32+12.1%
All0.94+57.5%

Interest Coverage Ratio History

YearValueChange
1.48+12.1%
1.32-5.0%
1.39-45.3%
2.54-68.9%
8.17+146.8%
3.31+34.0%
2.47-13.6%
2.86-12.3%
3.26-7.1%
3.51+13.6%
3.09+89.6%
1.63-28.2%
2.27+92.4%
1.18+19.2%
0.99+5.3%
0.94-18.3%
1.15+3.6%
1.11-20.7%
1.40-19.1%
1.73-8.0%
1.88-21.3%
2.39-3.6%
2.48+14.8%
YearValueChange
2.16+38.5%
1.56+5.4%
1.48-9.8%
1.64+17.1%
1.40-9.7%
1.55+4.0%
1.49+8.0%
1.38-6.8%
1.48-5.1%
1.56+13.0%
1.38+35.3%
1.02-7.3%
1.10-6.8%
1.18-2.5%
1.21+5.2%
1.15-4.2%
1.200.0%
1.20+3.4%
1.16-0.9%
1.17+1.7%
1.15+5.5%
1.09-3.5%
1.13-

FAQ

What is the current annual interest coverage ratio of BAC?
As of today, BAC annual interest coverage ratio is 1.48
What is 1-year change in BAC annual interest coverage ratio?
BAC annual interest coverage ratio is up +12.12% year-over-year
What is 3-year change in BAC annual interest coverage ratio?
BAC annual interest coverage ratio is down -41.73% over the past 3 years
How far is BAC annual interest coverage ratio from its all-time high?
BAC annual interest coverage ratio is currently -81.88% below its historical high of 8.17 set on December 31, 2021
How does BAC annual interest coverage ratio rank versus sector peers?
BAC annual interest coverage ratio is higher than 34.70% of companies in Financial Services sector
When is BAC next annual earnings release?
As of today, the next annual earnings release for BAC has not been scheduled

Interest Coverage Ratio Formula

Interest Coverage Ratio =  
EBIT
Interest Expense

Data Sources & References

  1. BAC Official Website www.bankofamerica.com
  2. Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/70858/000007085826000011/0000070858-26-000011-index.htm
  3. BAC Profile on Yahoo Finance finance.yahoo.com/quote/BAC
  4. BAC Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/bac