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First Merchants Corporation logo

First Merchants Corporation (FRME) Interest Coverage Ratio

Annual Interest Coverage Ratio

1.540.20-11.49%

Summary

Current Value
As of today, FRME annual interest coverage ratio is 1.54, down -11.49% on
Historical Performance
FRME annual interest coverage ratio is down -80.00% over the past 3 years, and down -44.60% over the past 5 years
All-Time High Comparison
FRME annual interest coverage ratio is currently -80.00% below its historical high of 7.70 set on
3-Year Low Comparison
FRME annual interest coverage ratio is at its 3-year low
Sector Comparison
FRME annual interest coverage ratio is higher than 46.88% of companies in Financial Services sector

Interest Coverage Ratio Chart

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Series
SUGGESTED SERIES

Performance

FRME Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Coverage Ratio1.54-11.5%-80.0%-44.6%+1440.0%
Quarterly Interest Coverage Ratio1.64+8.6%-60.9%-60.4%+51.9%
Price$39.24-2.2%-2.5%-2.6%+334.0%
Annual EBIT$658.62M+8.4%+138.0%+117.7%+8230.6%
Annual Interest Expense$426.89M+22.5%+1087.4%+292.6%+453.7%
Annual Debt To Equity0.51+8.5%+50.0%+21.4%-47.4%
Annual Current Ratio0.06-14.3%0.0%+20.0%-62.5%
-
Piotroski F-Score7+16.7%+75.0%+40.0%+133.3%
Altman Z-Score-0.260.0%+63.4%+18.8%-620.0%

Interest Coverage Ratio Highs

FRME Annual Interest Coverage Ratio Highs Comparison
PeriodHighDateCurrent
3Y4.01N/A-61.6%
5Y7.70-80.0%
All7.70-80.0%

Interest Coverage Ratio Lows

FRME Annual Interest Coverage Ratio Lows Comparison
PeriodLowDateCurrent
3Y1.54at low
5Y1.54at low
All0.10+1440.0%

Interest Coverage Ratio History

YearValueChange
1.54-11.5%
1.74-56.6%
4.01-47.9%
7.70+116.3%
3.56+28.1%
2.78-25.3%
3.72-18.2%
4.55-9.9%
5.05+8.1%
4.67-1.3%
4.73+3.5%
4.57+27.7%
3.58+89.4%
1.89+78.3%
1.06+960.0%
0.10-92.4%
1.32-3.6%
1.37-4.2%
1.43-13.9%
YearValueChange
1.66-9.3%
1.83+5.8%
1.73-2.8%
1.78+10.6%
1.61+8.1%
1.49-8.0%
1.620.0%
1.62+0.6%
1.61-0.6%
1.62-4.1%
1.69-9.6%
1.87+5.1%
1.78+13.4%
1.57+13.8%
1.38+4.5%
1.32+2.3%
1.290.0%
1.29-

FAQ

  • What is the current annual interest coverage ratio of FRME?

    As of today, FRME annual interest coverage ratio is 1.54

  • What is 1-year change in FRME annual interest coverage ratio?

    FRME annual interest coverage ratio is down -11.49% year-over-year

  • What is 3-year change in FRME annual interest coverage ratio?

    FRME annual interest coverage ratio is down -80.00% over the past 3 years

  • How far is FRME annual interest coverage ratio from its all-time high?

    FRME annual interest coverage ratio is currently -80.00% below its historical high of 7.70 set on December 31, 2021

  • How does FRME annual interest coverage ratio rank versus sector peers?

    FRME annual interest coverage ratio is higher than 46.88% of companies in Financial Services sector

  • When is FRME next annual earnings release?

    The next annual earnings release for FRME is on

Interest Coverage Ratio Formula

Interest Coverage Ratio =  

Data Sources & References

  1. FRME Official Website www.firstmerchants.com
  2. Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/712534/000119312525216440/0001193125-25-216440-index.htm
  3. Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/712534/000071253425000058/0000712534-25-000058-index.htm
  4. FRME Profile on Yahoo Finance finance.yahoo.com/quote/FRME
  5. FRME Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/frme