Bank of America Corporation company logo
Bank of America Corporation logo

Bank of America Corporation (BAC) Interest Coverage Ratio

Annual Interest Coverage Ratio

1.480.16+12.12%

Summary

Current Value
As of today, BAC annual interest coverage ratio is 1.48, up +12.12% on
Historical Performance
BAC annual interest coverage ratio is down -41.73% over the past 3 years, and down -55.29% over the past 5 years
All-Time High Comparison
BAC annual interest coverage ratio is currently -81.88% below its historical high of 8.17 set on
3-Year Low Comparison
BAC annual interest coverage ratio is +12.12% above its 3-year low of 1.32 reached on
Sector Comparison
BAC annual interest coverage ratio is higher than 38.64% of companies in Financial Services sector

Interest Coverage Ratio Chart

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Series
SUGGESTED SERIES

Performance

BAC Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Coverage Ratio1.48+12.1%-41.7%-55.3%+57.5%
Quarterly Interest Coverage Ratio1.52+14.3%-13.6%-75.0%+289.7%
Price$53.08+13.5%+49.7%+79.0%+290.3%
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 Ratio0.99+4.2%+28.6%-1.0%-40.4%
Annual Quick Ratio-
Piotroski F-Score-
Altman Z-Score0.35+2.9%+133.3%+66.7%+16.7%

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 38.64% 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 =  

Data Sources & References

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