Basis: Trailing twelve months (TTM). 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 5.53x is 12% below its 5-year average of 6.28x, near the low end of its 5-year range (2.16x–27.00x).
42.00% below its 12-month average of 9.54x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 7.33x.
INTEREST COVERAGE RATIO
5.53x
INTEREST COVERAGE RATIO AVG TTM
9.54x
INTEREST COVERAGE RATIO AVG 3Y
4.98x
INTEREST COVERAGE RATIO AVG 5Y
6.28x
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
-42.00%
CURRENT VS 3Y AVG
+10.99%
CURRENT VS 5Y AVG
-12.00%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
-29.55%
vs the sector median at left
Carrier Global Corporation
Market Cap
$45.23B
Interest Coverage Ratio
5.53x
TTM Avg
9.54x
3Y Avg
4.98x
5Y Avg
6.28x
Market Cap
$44.33B
Interest Coverage Ratio
3.60x
TTM Avg
3.29x
3Y Avg
3.30x
5Y Avg
4.95x
Market Cap
$44.19B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$43.79B
Interest Coverage Ratio
10.87x
TTM Avg
11.70x
3Y Avg
11.02x
5Y Avg
10.15x
Market Cap
$42.70B
Interest Coverage Ratio
17.17x
TTM Avg
15.45x
3Y Avg
15.04x
5Y Avg
17.58x
Market Cap
$42.68B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$42.61B
Interest Coverage Ratio
-8.64x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$48.17B
Interest Coverage Ratio
9.12x
TTM Avg
8.74x
3Y Avg
10.37x
5Y Avg
10.03x
Market Cap
$48.99B
Interest Coverage Ratio
8.31x
TTM Avg
8.16x
3Y Avg
6.89x
5Y Avg
6.04x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $45.23B | 5.53x | 9.54x | 4.98x | 6.28x |
| L3Harris Technologies, Inc. (LHX)vs › | $44.33B | 3.60x | 3.29x | 3.30x | 4.95x |
| HEICO Corporation (HEI-A)vs › | $44.19B | 7.85x | 6.72x | 24.68x | 30.27x |
| Thomson Reuters Corporation (TRI)vs › | $43.79B | 10.87x | 11.70x | 11.02x | 10.15x |
| Ferguson plc (FERG)vs › | $42.70B | 17.17x | 15.45x | 15.04x | 17.58x |
| HEICO Corporation (HEI)vs › | $42.68B | 7.85x | 6.72x | 24.68x | 30.27x |
| Rocket Lab USA, Inc. (RKLB)vs › | $42.61B | -8.64x | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $48.17B | 9.12x | 8.74x | 10.37x | 10.03x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.99B | 8.31x | 8.16x | 6.89x | 6.04x |
| Honeywell Aerospace Inc (HONA)vs › | $50.22B | 3.98x | 3.98x | 3.98x | 3.98x |
Interest Coverage
5.5x
Debt/Equity
0.94
Current Ratio
1.02
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 |
|---|---|
| 2026-06-30 | 7.33x |
| 2026-03-31 | 2.16x |
| 2025-12-31 | 27.00x |
| 2025-09-30 | 4.27x |
| 2025-06-30 | 6.91x |
| 2025-03-31 | 5.03x |
| 2024-12-31 | 3.21x |
| 2024-09-30 | 5.82x |
| 2024-06-30 | 4.14x |
| 2024-03-31 | 2.47x |
| 2023-12-31 | 6.26x |
| 2023-09-30 | 6.99x |
| 2023-06-30 | 5.20x |
| 2023-03-31 | 7.82x |
| 2022-12-31 | 5.70x |
| 2022-09-30 | 21.49x |
| 2022-06-30 | 12.04x |
| 2022-03-31 | 19.97x |
| 2021-12-31 | 6.43x |
| 2021-09-30 | 10.89x |
| 2021-06-30 | 10.44x |
| 2021-03-31 | 5.95x |
| 2020-12-31 | 14.65x |
| 2020-09-30 | 12.01x |
| 2020-06-30 | 5.20x |
| 2020-03-31 | 8.29x |
| 2019-12-31 | 27.85x |
| 2019-09-30 | 31.45x |
| 2019-06-30 | 89.44x |
| 2019-03-31 | 19.23x |
