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Interest Coverage Ratio: 28.26x

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Is the interest coverage ratio high or low?

The interest coverage ratio of 28.26x is 20% below its 5-year average of 35.40x, around the middle of its 5-year range (7.65x–71.86x).

As of Sunday, June 28, 2026. 19.82% above its 12-month average of 23.59x.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics
Interest Coverage

BHP Interest Coverage Ratio

28.26x

Reported quarterly interest coverage; no daily interpolation.

+1869.10% 5Y
BHP Interest Coverage Ratio

BHP Average Interest Coverage Ratio Chart

BHP Interest Coverage Ratio

BHP Current vs Average Interest Coverage Ratio Chart

BHP Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

28.26x

INTEREST COVERAGE RATIO AVG TTM

23.59x

INTEREST COVERAGE RATIO AVG 3Y

22.37x

INTEREST COVERAGE RATIO AVG 5Y

35.40x

INTEREST COVERAGE RATIO AVG 10Y

18.08x

INTEREST COVERAGE RATIO AVG 15Y

21.41x

INTEREST COVERAGE RATIO AVG 20Y

20.83x

CURRENT VS TTM AVG

+19.82%

CURRENT VS 3Y AVG

+26.36%

CURRENT VS 5Y AVG

-20.17%

CURRENT VS 10Y AVG

+56.30%

CURRENT VS 15Y AVG

+32.03%

CURRENT VS 20Y AVG

+35.67%

BHP Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
BHP Group Limited (BHP)$205.82B28.26x23.59x22.37x35.40x
Linde plc (LIN)vs ›$240.38B42.15x28.59x26.86x29.13x
Rio Tinto Group (RIO)vs ›$152.24B14.03x11.82x10.49x19.74x
Southern Copper Corporation (SCCO)vs ›$142.89B18.95x17.79x15.36x14.49x
Newmont Corporation (NEM)vs ›$102.62B34.40x24.66x14.77x12.75x
Freeport-McMoRan Inc. (FCX)vs ›$89.60B17.05x19.29x15.97x13.34x
The Sherwin-Williams Company (SHW)vs ›$84.86B8.11x8.41x8.15x8.08x
Ecolab Inc. (ECL)vs ›$79.83B12.08x9.90x8.00x7.79x
CRH plc (CRH)vs ›$75.05B6.57x7.45x9.95x8.88x
Vale S.A. (VALE)vs ›$64.27B7.12x8.31x10.42x10.10x

Financial Health Indicators

Interest Coverage

28.3x

Debt/Equity

0.51

Current Ratio

1.46

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for BHP Group Limited (BHP)?
The interest coverage ratio for BHP stock is 28.26x.
Is BHP Group Limited's interest coverage ratio high or low?
The interest coverage ratio of 28.26x is 20% below its 5-year average of 35.40x, around the middle of its 5-year range (7.65x–71.86x).
What is the TTM average interest coverage ratio for BHP Group Limited (BHP)?
The TTM average interest coverage ratio for BHP stock is 23.59x.
What is the 3Y average interest coverage ratio for BHP Group Limited (BHP)?
The 3Y average interest coverage ratio for BHP stock is 22.37x.
What is the 5Y average interest coverage ratio for BHP Group Limited (BHP)?
The 5Y average interest coverage ratio for BHP stock is 35.40x.
What is the 10Y average interest coverage ratio for BHP Group Limited (BHP)?
The 10Y average interest coverage ratio for BHP stock is 18.08x.
What is the 15Y average interest coverage ratio for BHP Group Limited (BHP)?
The 15Y average interest coverage ratio for BHP stock is 21.41x.
What is the 20Y average interest coverage ratio for BHP Group Limited (BHP)?
The 20Y average interest coverage ratio for BHP stock is 20.83x.

BHP Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2025-12-3128.26x
2025-06-3022.92x
2024-12-3119.58x
2024-06-3025.23x
2023-12-317.65x
2023-06-3028.03x
2022-12-3124.90x
2022-06-3071.86x
2021-12-3160.84x
2021-06-3063.65x
2020-12-3136.49x
2020-06-3015.14x
2019-12-3116.93x
2019-06-3016.39x
2018-12-3112.41x
2018-06-3015.45x
2017-12-3115.61x
2017-06-3010.70x
2016-12-3110.28x
2016-06-301.44x
2015-06-3016.82x
2014-12-3178.51x
2014-06-300.90x
2013-12-319.62x
2012-12-31-74.51x
2012-06-30-474.06x
2011-12-3133.09x
2011-06-30129.33x
2010-12-31129.33x
2010-06-3029.72x
2009-12-3129.72x
2009-06-3014.27x
2008-12-3114.27x
2008-06-3046.61x
2007-12-3146.61x
2007-06-3028.31x
2006-12-3128.31x
2006-06-3020.07x
2005-12-3120.07x
2005-06-3024.60x
2004-12-3124.60x
2004-06-3012.73x
2003-12-3112.73x
2003-06-308.93x
2002-12-318.93x
2002-06-305.75x
2001-12-315.75x
2001-06-302.33x
2000-12-312.33x
2000-06-30-2.74x
1999-12-30-2.74x
1998-05-31-5.27x
1997-11-30-5.27x
1997-05-31-1.07x
1996-11-30-1.07x
1996-05-312.33x
1995-11-302.33x
1995-05-315.37x
1994-11-305.37x
1994-05-313.48x
1993-11-303.48x
1993-05-311.71x
1992-11-301.71x
1992-05-311.54x
1991-11-301.54x
1991-05-310.14x
1990-11-300.14x
1990-05-311.35x
1989-11-301.35x
1989-05-311.45x
1988-11-301.45x
1988-05-31-1.52x
1987-11-30-1.52x

Related Metrics

Interest ExpenseTotal DebtDebt/EquityOperating MarginAll Metrics

About BHP Group Limited

BHP Group Limited is a prominent global natural resources enterprise with operations spanning multiple continents, including Australia, Europe, Asia (encompassing China, Japan, India, South Korea, and other regions), North America, and South America. The company's primary activities are organized into distinct divisions: Copper, Iron Ore, and Coal. Its extensive mining portfolio includes the extraction of a wide array of minerals such as copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, and cobalt, alongside the production of both metallurgical and thermal (energy) coal. In addition to these core endeavors, BHP is also engaged in the integrated process of nickel production—from mining to smelting and refining—and is actively pursuing potash development initiatives. The company further offers a variety of support functions, including towing, freight services, marketing and trading, marketing assistance, finance, and administrative services. Founded in 1851, BHP Group Limited maintains its corporate headquarters in Melbourne, Australia.

Melbourne, VIC
38,962 employees
www.bhp.com
Basic Materials / Industrial Materials
Sector
Basic Materials
Industry
Industrial Materials
CEO
Mike Henry
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