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 7.39x is 18% below its 5-year average of 8.96x, near the low end of its 5-year range (6.59x–13.82x).
As of the fiscal period ended Tuesday, June 30, 2026. 4.64% below its 12-month average of 7.75x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
7.39x
INTEREST COVERAGE RATIO AVG TTM
7.75x
INTEREST COVERAGE RATIO AVG 3Y
7.72x
INTEREST COVERAGE RATIO AVG 5Y
8.96x
INTEREST COVERAGE RATIO AVG 10Y
9.71x
INTEREST COVERAGE RATIO AVG 15Y
10.22x
INTEREST COVERAGE RATIO AVG 20Y
9.72x
CURRENT VS TTM AVG
-4.64%
CURRENT VS 3Y AVG
-4.24%
CURRENT VS 5Y AVG
-17.55%
CURRENT VS 10Y AVG
-23.92%
CURRENT VS 15Y AVG
-27.72%
CURRENT VS 20Y AVG
-23.97%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-5.86%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.31B
Interest Coverage Ratio
7.39x
TTM Avg
7.75x
3Y Avg
7.72x
5Y Avg
8.96x
Market Cap
$76.24B
Interest Coverage Ratio
12.43x
TTM Avg
10.07x
3Y Avg
9.09x
5Y Avg
8.90x
Market Cap
$74.84B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$72.91B
Interest Coverage Ratio
4.89x
TTM Avg
5.63x
3Y Avg
8.73x
5Y Avg
11.48x
Market Cap
$81.23B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
Market Cap
$81.51B
Interest Coverage Ratio
6.44x
TTM Avg
6.74x
3Y Avg
6.32x
5Y Avg
7.04x
Market Cap
$81.52B
Interest Coverage Ratio
24.52x
TTM Avg
23.93x
3Y Avg
21.15x
5Y Avg
19.43x
Market Cap
$70.66B
Interest Coverage Ratio
5.55x
TTM Avg
5.72x
3Y Avg
6.19x
5Y Avg
5.49x
Market Cap
$69.77B
Interest Coverage Ratio
1.35x
TTM Avg
0.86x
3Y Avg
0.86x
5Y Avg
0.86x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.31B | 7.39x | 7.75x | 7.72x | 8.96x |
| FedEx Corporation (FDX)vs › | $76.24B | 12.43x | 10.07x | 9.09x | 8.90x |
| Norfolk Southern Corporation (NSC)vs › | $74.84B | 5.06x | 4.86x | 5.11x | 5.44x |
| Honeywell International Inc. (HON)vs › | $72.91B | 4.89x | 5.63x | 8.73x | 11.48x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.23B | 6.40x | 6.44x | 5.92x | 6.36x |
| Northrop Grumman Corporation (NOC)vs › | $81.51B | 6.44x | 6.74x | 6.32x | 7.04x |
| Cintas Corporation (CTAS)vs › | $81.52B | 24.52x | 23.93x | 21.15x | 19.43x |
| United Rentals, Inc. (URI)vs › | $70.66B | 5.55x | 5.72x | 6.19x | 5.49x |
| Bloom Energy Corporation (BE)vs › | $69.77B | 1.35x | 0.86x | 0.86x | 0.86x |
| TransDigm Group Incorporated (TDG)vs › | $69.33B | 2.65x | 2.64x | 2.43x | 2.15x |
Interest Coverage
7.4x
Debt/Equity
1.03
Current Ratio
0.87
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 | 7.39x |
| 2026-03-31 | 6.62x |
| 2025-12-31 | 7.41x |
| 2025-09-30 | 9.85x |
| 2025-06-30 | 7.48x |
| 2025-03-31 | 6.91x |
| 2024-12-31 | 7.05x |
| 2024-09-30 | 6.59x |
| 2024-06-30 | 7.08x |
| 2024-03-31 | 7.36x |
| 2023-12-31 | 9.14x |
| 2023-09-30 | 8.20x |
| 2023-06-30 | 9.25x |
| 2023-03-31 | 10.07x |
| 2022-12-31 | 12.50x |
| 2022-09-30 | 13.70x |
| 2022-06-30 | 13.82x |
| 2022-03-31 | 9.74x |
| 2021-12-31 | 12.53x |
| 2021-09-30 | 6.81x |
| 2021-06-30 | 8.75x |
| 2021-03-31 | 10.21x |
| 2020-12-31 | 10.53x |
| 2020-09-30 | 9.97x |
| 2020-06-30 | 5.45x |
| 2020-03-31 | 8.74x |
| 2019-12-31 | 8.96x |
| 2019-09-30 | 11.95x |
| 2019-06-30 | 12.37x |
| 2019-03-31 | 8.24x |
| 2018-12-31 | 11.90x |
| 2018-09-30 | 12.33x |
| 2018-06-30 | 12.25x |
| 2018-03-31 | 8.44x |
| 2017-12-31 | 11.12x |
| 2017-09-30 | 11.59x |
| 2017-06-30 | 11.50x |
| 2017-03-31 | 10.03x |
| 2016-12-31 | 11.34x |
| 2016-09-30 | 11.92x |
| 2016-06-30 | 11.15x |
| 2016-03-31 | 9.89x |
| 2015-12-31 | 11.38x |
| 2015-09-30 | 13.40x |
| 2015-06-30 | 12.97x |
| 2015-03-31 | 10.22x |
| 2014-12-31 | 13.40x |
| 2014-09-30 | 13.68x |
| 2014-06-30 | 13.82x |
| 2014-03-31 | 8.91x |
| 2013-12-31 | 10.63x |
| 2013-09-30 | 12.18x |
| 2013-06-30 | 11.84x |
| 2013-03-31 | 8.76x |
| 2012-12-31 | 10.72x |
| 2012-09-30 | 11.73x |
| 2012-06-30 | 11.45x |
| 2012-03-31 | 9.22x |
| 2011-12-31 | 9.87x |
| 2011-09-30 | 11.04x |
| 2011-06-30 | 10.28x |
| 2011-03-31 | 7.50x |
| 2010-12-31 | 8.90x |
| 2010-09-30 | 9.27x |
| 2010-06-30 | 8.93x |
| 2010-03-31 | 6.55x |
| 2009-12-31 | 6.87x |
| 2009-09-30 | 7.10x |
| 2009-06-30 | 5.40x |
| 2009-03-31 | 4.29x |
| 2008-12-31 | 7.45x |
| 2008-09-30 | 9.17x |
| 2008-06-30 | 8.13x |
| 2008-03-31 | 6.08x |
| 2007-09-30 | 9.85x |
| 2007-06-30 | 9.54x |
