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 2.19x is in line with its 5-year average of 2.00x, around the middle of its 5-year range (1.26x–3.68x).
11.64% above its 12-month average of 1.96x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 1.26x.
INTEREST COVERAGE RATIO
2.19x
INTEREST COVERAGE RATIO AVG TTM
1.96x
INTEREST COVERAGE RATIO AVG 3Y
2.03x
INTEREST COVERAGE RATIO AVG 5Y
2.00x
INTEREST COVERAGE RATIO AVG 10Y
2.31x
INTEREST COVERAGE RATIO AVG 15Y
2.50x
INTEREST COVERAGE RATIO AVG 20Y
2.39x
CURRENT VS TTM AVG
+11.64%
CURRENT VS 3Y AVG
+7.95%
CURRENT VS 5Y AVG
+9.46%
CURRENT VS 10Y AVG
-5.32%
CURRENT VS 15Y AVG
-12.24%
CURRENT VS 20Y AVG
-8.27%
SECTOR MEDIAN · UTILITIES
2.39x
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-8.37%
vs the sector median at left
CMS Energy Corporation
Market Cap
$21.06B
Interest Coverage Ratio
2.19x
TTM Avg
1.96x
3Y Avg
2.03x
5Y Avg
2.00x
Market Cap
$21.55B
Interest Coverage Ratio
4.61x
TTM Avg
3.09x
3Y Avg
2.27x
5Y Avg
2.01x
Market Cap
$18.81B
Interest Coverage Ratio
2.42x
TTM Avg
2.50x
3Y Avg
2.65x
5Y Avg
2.88x
Market Cap
$23.94B
Interest Coverage Ratio
2.40x
TTM Avg
3.06x
3Y Avg
2.89x
5Y Avg
3.53x
Market Cap
$17.37B
Interest Coverage Ratio
2.00x
TTM Avg
1.98x
3Y Avg
2.30x
5Y Avg
2.43x
Market Cap
$25.65B
Interest Coverage Ratio
2.63x
TTM Avg
2.50x
3Y Avg
2.53x
5Y Avg
2.36x
Market Cap
$25.76B
Interest Coverage Ratio
2.34x
TTM Avg
2.35x
3Y Avg
2.55x
5Y Avg
2.46x
Market Cap
$25.77B
Interest Coverage Ratio
2.40x
TTM Avg
2.42x
3Y Avg
2.72x
5Y Avg
3.00x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $21.06B | 2.19x | 1.96x | 2.03x | 2.00x |
| Edison International (EIX)vs › | $21.55B | 4.61x | 3.09x | 2.27x | 2.01x |
| NiSource Inc (NI)vs › | $19.86B | 2.77x | 2.79x | 2.94x | 2.70x |
| Evergy, Inc. (EVRG)vs › | $18.81B | 2.42x | 2.50x | 2.65x | 2.88x |
| NRG Energy, Inc. (NRG)vs › | $23.94B | 2.40x | 3.06x | 2.89x | 3.53x |
| Alliant Energy Corporation (LNT)vs › | $17.37B | 2.00x | 1.98x | 2.30x | 2.43x |
| PPL Corporation (PPL)vs › | $25.65B | 2.63x | 2.50x | 2.53x | 2.36x |
| CenterPoint Energy, Inc. (CNP)vs › | $25.76B | 2.34x | 2.35x | 2.55x | 2.46x |
| Eversource Energy (ES)vs › | $25.77B | 2.40x | 2.42x | 2.72x | 3.00x |
| FirstEnergy Corp. (FE)vs › | $26.69B | 2.49x | 2.42x | 2.26x | 2.14x |
Interest Coverage
2.2x
Debt/Equity
1.97
Current Ratio
0.92
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 | 1.26x |
| 2026-03-31 | 2.41x |
| 2025-12-31 | 2.17x |
| 2025-09-30 | 2.37x |
| 2025-06-30 | 1.59x |
| 2025-03-31 | 2.64x |
| 2024-12-31 | 2.36x |
| 2024-09-30 | 2.06x |
| 2024-06-30 | 1.64x |
| 2024-03-31 | 2.33x |
| 2023-12-31 | 2.36x |
| 2023-09-30 | 1.65x |
| 2023-06-30 | 1.52x |
| 2023-03-31 | 2.14x |
| 2022-12-31 | 1.91x |
| 2022-09-30 | 1.98x |
| 2022-06-30 | 1.90x |
| 2022-03-31 | 3.68x |
| 2021-12-31 | 1.62x |
| 2021-09-30 | 2.08x |
| 2021-06-30 | 2.02x |
| 2021-03-31 | 3.47x |
| 2020-12-31 | 2.51x |
| 2020-09-30 | 2.62x |
| 2020-06-30 | 1.95x |
| 2020-03-31 | 2.69x |
| 2019-12-31 | 2.32x |
| 2019-09-30 | 2.64x |
| 2019-06-30 | 1.66x |
| 2019-03-31 | 2.97x |
| 2018-12-31 | 2.07x |
| 2018-09-30 | 2.58x |
| 2018-06-30 | 2.28x |
| 2018-03-31 | 3.27x |
| 2017-12-31 | 3.45x |
| 2017-09-30 | 2.97x |
| 2017-06-30 | 2.19x |
| 2017-03-31 | 3.63x |
| 2016-12-31 | 2.61x |
| 2016-09-30 | 3.41x |
| 2016-06-30 | 2.55x |
| 2016-03-31 | 3.08x |
| 2015-12-31 | 2.69x |
| 2015-09-30 | 3.14x |
| 2015-06-30 | 1.98x |
| 2015-03-31 | 3.93x |
| 2014-12-31 | 2.63x |
| 2014-09-30 | 2.34x |
| 2014-06-30 | 2.33x |
| 2014-03-31 | 4.04x |
| 2013-12-31 | 2.67x |
| 2013-09-30 | 3.20x |
| 2013-06-30 | 2.27x |
| 2013-03-31 | 3.36x |
| 2012-12-31 | 2.21x |
| 2012-09-30 | 3.57x |
| 2012-05-30 | 2.65x |
| 2012-03-31 | 1.90x |
| 2011-12-31 | 1.71x |
| 2011-09-30 | 3.04x |
| 2011-06-30 | 1.99x |
| 2011-03-31 | 2.91x |
| 2010-12-31 | 1.48x |
| 2010-09-30 | 3.13x |
| 2010-06-30 | 2.24x |
| 2010-03-31 | 2.28x |
| 2009-12-31 | 0.87x |
| 2009-09-30 | 2.23x |
| 2009-06-30 | 1.53x |
| 2009-03-31 | 2.09x |
| 2008-06-30 | 1.61x |
| 2008-03-31 | 2.50x |
