Royal Bank of Canada company logo
Royal Bank of Canada logo

Royal Bank of Canada (RY) Interest Coverage Ratio

Annual Interest Coverage Ratio

1.360.10+7.94%

Summary

Current Value
As of today, RY annual interest coverage ratio is 1.36, up +7.94% on
Historical Performance
RY annual interest coverage ratio is down -35.55% over the past 3 years, and down -32.67% over the past 5 years
All-Time High Comparison
RY annual interest coverage ratio is currently -61.36% below its historical high of 3.52 set on
3-Year Low Comparison
RY annual interest coverage ratio is +7.94% above its 3-year low of 1.26 reached on
Sector Comparison
RY annual interest coverage ratio is higher than 32.07% of companies in Financial Services sector

Interest Coverage Ratio Chart

Add series to chart
Add series to chart1/6
Series
SUGGESTED SERIES

Performance

RY Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Coverage Ratio1.36+7.9%-35.5%-32.7%-28.8%
Quarterly Interest Coverage Ratio1.39+8.6%-10.9%-48.1%-20.1%
Price$169.18+40.9%+68.7%+98.9%+211.0%
Annual EBIT$68.84B-3.3%+133.0%+226.7%+387.2%
Annual Interest Expense$50.57B-10.6%+260.8%+384.5%+582.0%
Annual Debt To Equity2.52-13.7%-20.5%-34.5%+27.9%
Annual Current Ratio0.64-11.1%-15.8%-13.5%-22.9%
-
Piotroski F-Score6+100.0%-25.0%+20.0%+20.0%
Altman Z-Score0.10-37.5%+100.0%+900.0%-23.1%

Interest Coverage Ratio Highs

RY Annual Interest Coverage Ratio Highs Comparison
PeriodHighDateCurrent
3Y2.11N/A-35.5%
5Y3.52-61.4%
All3.52-61.4%

Interest Coverage Ratio Lows

RY Annual Interest Coverage Ratio Lows Comparison
PeriodLowDateCurrent
3Y1.26+7.9%
5Y1.26+7.9%
All1.01+34.6%

Interest Coverage Ratio History

YearValueChange
1.36+7.9%
1.26-3.1%
1.30-38.4%
2.11-40.1%
3.52+74.3%
2.02+16.8%
1.73-15.2%
2.04-17.4%
2.47-7.1%
2.66+3.5%
2.57+4.5%
2.46+5.1%
2.34+8.3%
2.16+10.8%
1.95+2.1%
1.91+18.6%
1.61+16.7%
1.38+0.7%
1.37-2.1%
1.40-4.1%
1.46-7.6%
1.58-2.5%
1.62+3.8%
YearValueChange
1.56+14.7%
1.36+0.7%
1.35+3.1%
1.31-0.8%
1.32-1.5%
1.34+4.7%
1.28+2.4%
1.25-4.6%
1.31+23.6%
1.06+5.0%
1.01-14.4%
1.18+1.7%
1.16+4.5%
1.11-8.3%
1.21+5.2%
1.15+3.6%
1.11+0.9%
1.10+0.9%
1.09-0.9%
1.10+6.8%
1.03-3.7%
1.070.0%
1.07-

FAQ

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

    As of today, RY annual interest coverage ratio is 1.36

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

    RY annual interest coverage ratio is up +7.94% year-over-year

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

    RY annual interest coverage ratio is down -35.55% over the past 3 years

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

    RY annual interest coverage ratio is currently -61.36% below its historical high of 3.52 set on October 31, 2021

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

    RY annual interest coverage ratio is higher than 32.07% of companies in Financial Services sector

  • When is RY next annual earnings release?

    As of today, the next annual earnings release for RY has not been scheduled

Interest Coverage Ratio Formula

Interest Coverage Ratio =  

Data Sources & References

  1. RY Official Website www.rbc.com
  2. RY Profile on Yahoo Finance finance.yahoo.com/quote/RY
  3. RY Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ry