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 2.41x is 10% above its 5-year average of 2.19x, around the middle of its 5-year range (1.52x–3.68x).
As of the fiscal period ended Tuesday, March 31, 2026. 7.83% above its 12-month average of 2.24x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
2.41x
INTEREST COVERAGE RATIO AVG TTM
2.24x
INTEREST COVERAGE RATIO AVG 3Y
2.10x
INTEREST COVERAGE RATIO AVG 5Y
2.04x
INTEREST COVERAGE RATIO AVG 10Y
2.36x
INTEREST COVERAGE RATIO AVG 15Y
2.52x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+7.83%
CURRENT VS 3Y AVG
+15.14%
CURRENT VS 5Y AVG
+18.33%
CURRENT VS 10Y AVG
+2.29%
CURRENT VS 15Y AVG
-4.32%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
2.38x
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+1.21%
vs the sector median at left
CMS Energy Corporation
Market Cap
$22.97B
Interest Coverage Ratio
2.41x
TTM Avg
2.24x
3Y Avg
2.10x
5Y Avg
2.04x
Market Cap
$19.75B
Interest Coverage Ratio
2.42x
TTM Avg
2.50x
3Y Avg
2.65x
5Y Avg
2.88x
Market Cap
$19.06B
Interest Coverage Ratio
2.00x
TTM Avg
1.98x
3Y Avg
2.30x
5Y Avg
2.43x
Market Cap
$26.91B
Interest Coverage Ratio
2.40x
TTM Avg
3.06x
3Y Avg
2.89x
5Y Avg
3.53x
Market Cap
$26.96B
Interest Coverage Ratio
3.06x
TTM Avg
3.17x
3Y Avg
3.14x
5Y Avg
3.11x
Market Cap
$27.33B
Interest Coverage Ratio
2.63x
TTM Avg
2.50x
3Y Avg
2.53x
5Y Avg
2.36x
Market Cap
$28.35B
Interest Coverage Ratio
2.40x
TTM Avg
2.42x
3Y Avg
2.72x
5Y Avg
3.00x
Market Cap
$28.72B
Interest Coverage Ratio
2.49x
TTM Avg
2.42x
3Y Avg
2.26x
5Y Avg
2.14x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.97B | 2.41x | 2.24x | 2.10x | 2.04x |
| NiSource Inc (NI)vs › | $21.92B | 2.87x | 2.84x | 2.96x | 2.71x |
| Evergy, Inc. (EVRG)vs › | $19.75B | 2.42x | 2.50x | 2.65x | 2.88x |
| Alliant Energy Corporation (LNT)vs › | $19.06B | 2.00x | 1.98x | 2.30x | 2.43x |
| NRG Energy, Inc. (NRG)vs › | $26.91B | 2.40x | 3.06x | 2.89x | 3.53x |
| American Water Works Company, Inc. (AWK)vs › | $26.96B | 3.06x | 3.17x | 3.14x | 3.11x |
| PPL Corporation (PPL)vs › | $27.33B | 2.63x | 2.50x | 2.53x | 2.36x |
| Eversource Energy (ES)vs › | $28.35B | 2.40x | 2.42x | 2.72x | 3.00x |
| FirstEnergy Corp. (FE)vs › | $28.72B | 2.49x | 2.42x | 2.26x | 2.14x |
| CenterPoint Energy, Inc. (CNP)vs › | $28.85B | 2.34x | 2.35x | 2.55x | 2.46x |
Interest Coverage
2.4x
Debt/Equity
2.07
Current Ratio
0.98
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 | 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 |
