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 8.38x is in line with its 5-year average of 8.43x, near the low end of its 5-year range (5.55x–17.23x).
As of the fiscal period ended Tuesday, December 31, 2024. 23.04% above its 12-month average of 6.81x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
8.38x
INTEREST COVERAGE RATIO AVG TTM
6.81x
INTEREST COVERAGE RATIO AVG 3Y
7.18x
INTEREST COVERAGE RATIO AVG 5Y
8.43x
INTEREST COVERAGE RATIO AVG 10Y
N/A
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+23.04%
CURRENT VS 3Y AVG
+16.81%
CURRENT VS 5Y AVG
-0.59%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
5.20x
median of 91 covered companies
CURRENT VS SECTOR MEDIAN
+61.20%
vs the sector median at left
BlackRock Floating Rate Income Trust
Market Cap
$325.09M
Interest Coverage Ratio
8.38x
TTM Avg
6.81x
3Y Avg
7.18x
5Y Avg
8.43x
Market Cap
$299.39M
Interest Coverage Ratio
0.66x
TTM Avg
0.57x
3Y Avg
1.80x
5Y Avg
1.87x
Market Cap
$198.29M
Interest Coverage Ratio
6.31x
TTM Avg
7.93x
3Y Avg
7.93x
5Y Avg
9.66x
Market Cap
$186.19M
Interest Coverage Ratio
6.06x
TTM Avg
6.06x
3Y Avg
6.06x
5Y Avg
6.06x
Market Cap
$184.74M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$154.80M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$138.87M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$73.52M
Interest Coverage Ratio
-0.12x
TTM Avg
1.36x
3Y Avg
8.91x
5Y Avg
6.41x
Market Cap
$5.89M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| BlackRock Floating Rate Income Trust (BGT) | $325.09M | 8.38x | 6.81x | 7.18x | 8.43x |
| Isabella Bank Corporation (ISBA)vs › | $299.39M | 0.66x | 0.57x | 1.80x | 1.87x |
| Franklin Universal Trust (FT)vs › | $198.29M | 6.31x | 7.93x | 7.93x | 9.66x |
| DeFi Technologies Inc. (DEFT)vs › | $186.19M | 6.06x | 6.06x | 6.06x | 6.06x |
| The New Germany Fund, Inc. (GF)vs › | $184.74M | N/A | N/A | N/A | N/A |
| Blackrock 2037 Municipal Target Term Trust (BMN)vs › | $154.80M | N/A | N/A | N/A | N/A |
| Global X - MSCI Colombia ETF (COLO)vs › | $138.87M | N/A | N/A | N/A | N/A |
| Nuveen Minnesota Quality Municipal Income Fund (NMS)vs › | $73.52M | -0.12x | 1.36x | 8.91x | 6.41x |
| CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ)vs › | $5.89M | N/A | N/A | N/A | N/A |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $657.00M | N/A | N/A | N/A | N/A |
Interest Coverage
8.4x
Debt/Equity
0.20
Current Ratio
0.00
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 |
|---|---|
| 2024-12-31 | 8.38x |
| 2024-09-30 | 8.38x |
| 2024-06-30 | 5.55x |
| 2024-03-31 | 5.55x |
| 2023-12-31 | 6.19x |
| 2023-06-30 | 8.20x |
| 2022-12-31 | 7.97x |
| 2019-12-31 | 17.23x |
