What is Novavax's interest coverage?

Novavax (NVAX) reported interest coverage of -3.6× in Q1 2026.

How has Novavax's interest coverage changed year-over-year?

Novavax's interest coverage decreased by 119.0% year-over-year, from 19× to -3.6×.

What is the long-term trend for Novavax's interest coverage?

Over 5 years (2020 to 2025), Novavax's interest coverage has grown at a -6.1% compound annual growth rate (CAGR), from -27.5× to 20.1×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Novavax NVAX Interest coverage

Interest coverage at other companies

Roivant SciencesROIV

122.5×+104×

Viridian Therapeutics, Inc.VRDN

-49.3×-20.0×

ALN

Alnylam PharmaceuticalsALNY

3.4×+2.9×

Gilead SciencesGILD

10.3×+2.0×

ImmunityBio, Inc.IBRX

-5×-1.1×

BioCryst PharmaceuticalsBCRX

-5.1×-5.4×

Other financials

Income statement

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Revenue$139.5M-79.1%

Gross profit$108.8M-83.3%

Operating income-$15.4M-103%

Net income-$9.5M-102%

EPS (diluted)-$0.06-102%

Balance sheet

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Cash & equivalents$228.4M-13.3%

Total debt$295.1M+404%

Total equity-$144.8M-91.4%

Total assets$1.0B-19.3%

Cash flow

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Operating cash flow-$32.4M+82.5%

CapEx$1.3M-20.4%

Free cash flow-$33.7M+82.0%

Valuation

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Market cap$1.46B+41.0%

Enterprise value$1.53B+83.6%

P/S2.5×+1.6×

Profitability

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Gross margin85%-2.5pp

Operating margin-13.1%-45.9pp

Net margin-14.7%-52.9pp

FCF margin-58.9%-61.4pp

Returns & leverage

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Return on equity-238.6%—

Debt / equity1.5×—

Current ratio2.5×+0.4×

Where this comes from

Calculated from Novavax’s reported figures.

ebit/interest expense=-3.6×

Based on trailing twelve months.

The official record: Novavax’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novavax's interest coverage?: Novavax (NVAX) reported interest coverage of -3.6× in Q1 2026.
How has Novavax's interest coverage changed year-over-year?: Novavax's interest coverage decreased by 119.0% year-over-year, from 19× to -3.6×.
What is the long-term trend for Novavax's interest coverage?: Over 5 years (2020 to 2025), Novavax's interest coverage has grown at a -6.1% compound annual growth rate (CAGR), from -27.5× to 20.1×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.