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 3.81x is 41% above its 5-year average of 2.71x, near the high end of its 5-year range (1.46x–4.47x).
As of the fiscal period ended Tuesday, March 31, 2026. 34.83% above its 12-month average of 2.83x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
3.81x
INTEREST COVERAGE RATIO AVG TTM
2.83x
INTEREST COVERAGE RATIO AVG 3Y
2.69x
INTEREST COVERAGE RATIO AVG 5Y
2.71x
INTEREST COVERAGE RATIO AVG 10Y
2.69x
INTEREST COVERAGE RATIO AVG 15Y
2.57x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+34.83%
CURRENT VS 3Y AVG
+41.63%
CURRENT VS 5Y AVG
+40.83%
CURRENT VS 10Y AVG
+41.77%
CURRENT VS 15Y AVG
+48.43%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
2.38x
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+59.95%
vs the sector median at left
Black Hills Corporation
Market Cap
$5.43B
Interest Coverage Ratio
3.81x
TTM Avg
2.83x
3Y Avg
2.69x
5Y Avg
2.71x
Market Cap
$3.23B
Interest Coverage Ratio
2.39x
TTM Avg
2.25x
3Y Avg
2.00x
5Y Avg
2.09x
Market Cap
$7.67B
Interest Coverage Ratio
2.69x
TTM Avg
2.32x
3Y Avg
3.23x
5Y Avg
4.09x
Market Cap
$2.81B
Interest Coverage Ratio
-11.27x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.79B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$8.31B
Interest Coverage Ratio
0.45x
TTM Avg
0.55x
3Y Avg
2.05x
5Y Avg
1.64x
Market Cap
$2.04B
Interest Coverage Ratio
3.63x
TTM Avg
3.01x
3Y Avg
2.90x
5Y Avg
3.12x
Market Cap
$1.11B
Interest Coverage Ratio
0.13x
TTM Avg
0.13x
3Y Avg
0.09x
5Y Avg
0.20x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.43B | 3.81x | 2.83x | 2.69x | 2.71x |
| Oklo Inc. (OKLO)vs › | $7.42B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $3.23B | 2.39x | 2.25x | 2.00x | 2.09x |
| UGI Corporation (UGI)vs › | $7.67B | 2.69x | 2.32x | 3.23x | 4.09x |
| Fluence Energy, Inc. (FLNC)vs › | $2.81B | -11.27x | N/A | N/A | N/A |
| NuScale Power Corporation (SMR)vs › | $2.79B | N/A | N/A | N/A | N/A |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 0.45x | 0.55x | 2.05x | 1.64x |
| Northwest Natural Holding Company (NWN)vs › | $2.04B | 3.63x | 3.01x | 2.90x | 3.12x |
| XPLR Infrastructure, LP (XIFR)vs › | $1.11B | 0.13x | 0.13x | 0.09x | 0.20x |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.11B | 0.35x | 0.45x | 0.68x | 0.99x |
Interest Coverage
3.8x
Debt/Equity
1.18
Current Ratio
0.65
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 |
|---|---|
| 2026-03-31 | 3.81x |
| 2025-12-31 | 3.13x |
| 2025-09-30 | 1.58x |
| 2025-06-30 | 1.66x |
| 2025-03-31 | 3.97x |
| 2024-12-31 | 3.24x |
| 2024-09-30 | 1.50x |
| 2024-06-30 | 1.46x |
| 2024-03-31 | 4.20x |
| 2023-12-31 | 2.83x |
| 2023-09-30 | 2.20x |
| 2023-06-30 | 1.47x |
| 2023-03-31 | 3.97x |
| 2022-12-31 | 2.95x |
| 2022-09-30 | 1.96x |
| 2022-06-30 | 1.85x |
| 2022-03-31 | 4.47x |
| 2021-12-31 | 2.92x |
| 2021-09-30 | 2.33x |
| 2021-06-30 | 1.74x |
| 2021-03-31 | 3.66x |
| 2020-12-31 | 3.42x |
| 2020-09-30 | 2.25x |
| 2020-06-30 | 1.87x |
| 2020-03-31 | 4.28x |
| 2019-12-31 | 3.41x |
| 2019-09-30 | 2.08x |
| 2019-06-30 | 1.56x |
| 2019-03-31 | 4.57x |
| 2018-12-31 | 3.19x |
| 2018-09-30 | 1.82x |
| 2018-06-30 | 2.00x |
| 2018-03-31 | 4.20x |
| 2017-12-31 | 3.47x |
| 2017-09-30 | 2.31x |
| 2017-06-30 | 2.04x |
| 2017-03-31 | 4.35x |
| 2016-12-31 | 1.61x |
| 2016-09-30 | 1.62x |
| 2016-06-30 | 1.05x |
| 2016-03-31 | 2.35x |
| 2015-12-31 | 0.01x |
| 2015-09-30 | -0.09x |
| 2015-06-30 | -2.06x |
| 2015-03-31 | 3.62x |
| 2014-12-31 | 3.71x |
| 2014-09-30 | 3.18x |
| 2014-06-30 | 2.73x |
| 2014-03-31 | 5.22x |
| 2013-12-31 | 1.67x |
| 2013-09-30 | 2.39x |
| 2013-06-30 | 2.16x |
| 2013-03-31 | 3.42x |
| 2012-12-31 | 2.39x |
| 2012-09-30 | 2.97x |
| 2012-06-30 | 0.77x |
| 2012-03-31 | 2.40x |
| 2011-12-31 | 1.84x |
| 2011-09-30 | 1.74x |
| 2011-06-30 | 1.58x |
| 2011-03-31 | 2.18x |
| 2010-12-31 | 1.89x |
| 2010-09-30 | 1.83x |
| 2010-06-30 | 1.22x |
| 2010-03-31 | 3.20x |
| 2009-12-31 | 2.33x |
| 2009-09-30 | 0.82x |
| 2009-06-30 | 1.11x |
| 2009-03-31 | 1.77x |
| 2008-06-30 | 2.67x |
