BlackRock (WBO:BLK2) Interest Coverage: 16.87 (As of Mar. 2026) — 36% Below Median


WBO:BLK2 BlackRock Inc WBO:BLK2
93 GF Score
Price €869.20
GF Value €1,002.11
! 6 Warning Signs
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What is BlackRock Interest Coverage?

BlackRock WBO:BLK2 -4.44% 93 Interest Coverage is 16.87 as of Mar. 2026, which is 36% below its 10-year median of 26.49. GuruFocus rates WBO:BLK2 with a GF Score™ of 93/100 and a GF Value™ of €1,002.11. The stock has 6 warning signs investors should review. Among 476 Asset Management companies, BlackRock ranks worse than 61.13% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. BlackRock's Operating Income for the three months ended in Mar. 2026 was €1,956 Mil. BlackRock's Interest Expense for the three months ended in Mar. 2026 was €-116 Mil. BlackRock's interest coverage for the quarter that ended in Mar. 2026 was 16.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for BlackRock's Interest Coverage or its related term are showing as below:

WBO:BLK2' s Interest Coverage Range Over the Past 10 Years
Min: 12.88   Med: 26.49   Max: 36.34
Current: 14.41


WBO:BLK2's Interest Coverage is ranked worse than
61.13% of 476 companies
in the Asset Management industry
Industry Median: 43.13 vs WBO:BLK2: 14.41

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


BlackRock  (WBO:BLK2) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


BlackRock Interest Coverage Related Terms


BlackRock Interest Coverage Historical Data

* Premium members only.

The historical data trend for BlackRock's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

BlackRock Interest Coverage Chart

BlackRock Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.34 30.55 21.71 14.01 12.88

BlackRock Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.76 10.69 15.15 15.91 16.87

WBO:BLK2 vs BX, KKR, APO: Interest Coverage Comparison

For the Asset Management subindustry, BlackRock's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BlackRock Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BlackRock's Interest Coverage falls into.


WBO:BLK2
93GF Score
BlackRock Inc WBO:BLK2
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BlackRock's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, BlackRock's Interest Expense was €-524 Mil. Its Operating Income was €6,754 Mil. And its Long-Term Debt & Capital Lease Obligation was €12,807 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*6754.286/-524.356
=12.88

BlackRock's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, BlackRock's Interest Expense was €-116 Mil. Its Operating Income was €1,956 Mil. And its Long-Term Debt & Capital Lease Obligation was €12,945 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1955.765/-115.91
=16.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 16.87 mean?
BlackRock (WBO:BLK2) has a Interest Coverage of 16.87 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BlackRock and its competitors. This is 36% below median its historical median of 26.49. Over the past decade, BlackRock's Interest Coverage has ranged from 12.88 to 36.34. According to the industry distribution chart, BlackRock ranks #291 out of 476 companies in the Asset Management industry, placing it in the top 61.1%.
Is BlackRock's Interest Coverage too high?
BlackRock's current Interest Coverage of 16.87 is 36% below median its 10-year median of 26.49. Over the past 10 years, this metric has ranged from a low of 12.88 to a high of 36.34. The Asset Management industry median Interest Coverage is 43.13. BlackRock's value of 16.87 is 60.9% below this industry median. Based on the distribution chart, BlackRock ranks #291 out of 476 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Interest Coverage compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #291 out of 476 companies for Interest Coverage. This places BlackRock in the lower half of its industry. The industry median Interest Coverage is 43.13. BlackRock's value of 16.87 is 60.9% below this benchmark. Historically, BlackRock's own Interest Coverage has ranged from 12.88 to 36.34 over the past decade. While the company's 10-year median is 26.49 vs. the industry median of 43.13, BlackRock has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Asset Management company?
The median Interest Coverage among Asset Management companies is 43.13, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current Interest Coverage of 16.87 is 60.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BlackRock and its competitors. For the Asset Management industry, the median Interest Coverage is 43.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Interest Coverage is 16.87, which is 36% below median its own 10-year median of 26.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock stock overvalued right now?
BlackRock (WBO:BLK2) has a current Interest Coverage of 16.87. The stock's GF Value™ is €1,002.11, compared to a current price of €869.20 — trading 13.3% below its estimated fair value. The current Interest Coverage is 16.87, which is 36% below median its 10-year median of 26.49 and 60.9% below the Asset Management industry median of 43.13. BlackRock's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For BlackRock (WBO:BLK2), the current Interest Coverage is 16.87 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BlackRock (WBO:BLK2) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock stock appears to be undervalued. The current stock price of €869.20 is trading 13.3% below its estimated GF Value™ of €1,002.11.

Key valuation signals for WBO:BLK2:

  • Interest Coverage: 16.87 (36% below median its 10-year median of 26.49)
  • GF Value™: €1,002.11 vs. price of €869.20 (13.3% below fair value)
  • GF Score™: 93/100 with 6 warning signs
  • Industry Position: 60.9% below the Asset Management median (#291 of 476)

No single metric tells the full story. See the WBO:BLK2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackRock Business Description

Address 50 Hudson Yards, New York, NY, USA, 10001
BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which, by our calculations, account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.
93GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€869.20
Price
€1,002.11
GF Value