Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the interest coverage ratio high or low?
The interest coverage ratio of 26.92x is 12% below its 5-year average of 30.54x, near the low end of its 5-year range (13.28x–59.78x).
As of the fiscal period ended Saturday, September 30, 2023. 7.44% below its 12-month average of 29.08x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
26.92x
INTEREST COVERAGE RATIO AVG TTM
29.08x
INTEREST COVERAGE RATIO AVG 3Y
35.20x
INTEREST COVERAGE RATIO AVG 5Y
29.00x
INTEREST COVERAGE RATIO AVG 10Y
34.84x
INTEREST COVERAGE RATIO AVG 15Y
42.97x
INTEREST COVERAGE RATIO AVG 20Y
39.06x
CURRENT VS TTM AVG
-7.44%
CURRENT VS 3Y AVG
-23.53%
CURRENT VS 5Y AVG
-7.18%
CURRENT VS 10Y AVG
-22.74%
CURRENT VS 15Y AVG
-37.37%
CURRENT VS 20Y AVG
-31.09%
SECTOR MEDIAN · TECHNOLOGY
7.66x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
+251.37%
vs the sector median at left
Apple Inc.
Market Cap
$4.54T
Interest Coverage Ratio
26.92x
TTM Avg
29.08x
3Y Avg
35.20x
5Y Avg
29.00x
Market Cap
$3.45T
Interest Coverage Ratio
50.88x
TTM Avg
52.39x
3Y Avg
46.76x
5Y Avg
42.88x
Market Cap
$4.31T
Interest Coverage Ratio
903.26x
TTM Avg
661.32x
3Y Avg
451.49x
5Y Avg
389.80x
Market Cap
$2.92T
Interest Coverage Ratio
35.17x
TTM Avg
31.84x
3Y Avg
20.11x
5Y Avg
18.01x
Market Cap
$1.42T
Interest Coverage Ratio
71.48x
TTM Avg
84.25x
3Y Avg
107.44x
5Y Avg
492.50x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Inc. (AAPL) | $4.54T | 26.92x | 29.08x | 35.20x | 29.00x |
| Microsoft Corporation (MSFT)vs › | $3.45T | 50.88x | 52.39x | 46.76x | 42.88x |
| Alphabet Inc. (GOOGL)vs › | $4.31T | 903.26x | 661.32x | 451.49x | 389.80x |
| Amazon.com, Inc. (AMZN)vs › | $2.92T | 35.17x | 31.84x | 20.11x | 18.01x |
| Meta Platforms, Inc. (META)vs › | $1.42T | 71.48x | 84.25x | 107.44x | 492.50x |
| NVIDIA Corporation (NVDA)vs › | $4.86T | 503.42x | 416.60x | 244.40x | 174.13x |
Interest Coverage
26.9x
Debt/Equity
1.52
Current Ratio
0.89
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2023-09-30 | 26.92x |
| 2023-07-01 | 23.04x |
| 2023-04-01 | 30.45x |
| 2022-12-31 | 35.91x |
| 2022-09-24 | 30.10x |
| 2022-06-25 | 32.09x |
| 2022-03-26 | 43.38x |
| 2021-12-25 | 59.78x |
| 2021-09-25 | 35.40x |
| 2021-06-26 | 36.28x |
| 2021-03-27 | 41.05x |
| 2020-12-26 | 52.56x |
| 2020-09-26 | 23.30x |
| 2020-06-27 | 18.78x |
| 2020-03-28 | 16.98x |
| 2019-12-28 | 32.57x |
| 2019-09-28 | 19.29x |
| 2019-06-29 | 13.33x |
| 2019-03-30 | 13.28x |
| 2018-12-29 | 26.23x |
| 2018-09-29 | 18.57x |
| 2018-06-30 | 14.91x |
| 2018-03-31 | 20.07x |
| 2017-12-30 | 35.80x |
| 2017-09-30 | 19.70x |
| 2017-07-01 | 17.89x |
| 2017-04-01 | 26.60x |
| 2016-12-31 | 44.49x |
| 2016-09-24 | 26.14x |
| 2016-06-25 | 24.71x |
| 2016-03-26 | 43.57x |
| 2015-12-26 | 87.58x |
| 2015-09-26 | 61.44x |
| 2015-06-27 | 70.06x |
| 2015-03-28 | 112.13x |
| 2014-12-27 | 185.08x |
| 2014-09-27 | 97.09x |
| 2014-06-28 | 102.82x |
| 2014-03-29 | 159.92x |
| 2013-12-28 | 207.89x |
| 2013-09-28 | 120.84x |
| 2013-06-29 | 173.60x |
| 2012-09-29 | 120.84x |
| 2004-03-27 | 52.00x |
| 2003-12-27 | 37.00x |
| 2003-09-27 | 15.50x |
| 2003-06-28 | 4.50x |
| 2003-03-29 | -2.00x |
| 2002-12-28 | -18.50x |
| 2002-09-28 | -10.00x |
