Mercantile Bank CorporationMBWMNASDAQ
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Interest Coverage Over Time
Trending lower, below historical average, structural decline.
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Interest coverage ratio
Latest
0.75
↓ 70% below average
Average (9y)
2.55
Historical baseline
Range
High:3.79
Low:0.75
CAGR
-15.6%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 0.75 | -42.9% |
| 2023 | 1.32 | -58.9% |
| 2022 | 3.21 | -15.3% |
| 2021 | 3.79 | +80.3% |
| 2020 | 2.10 | +17.6% |
| 2019 | 1.79 | -24.4% |
| 2018 | 2.37 | -18.9% |
| 2017 | 2.92 | -21.7% |
| 2016 | 3.72 | +7.0% |
| 2015 | 3.48 | - |