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 7.21x is 20% below its 5-year average of 8.96x, near the low end of its 5-year range (6.59x–13.82x).
6.96% below its 12-month average of 7.75x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 7.39x.
INTEREST COVERAGE RATIO
7.21x
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
-6.96%
CURRENT VS 3Y AVG
-6.57%
CURRENT VS 5Y AVG
-19.56%
CURRENT VS 10Y AVG
-25.77%
CURRENT VS 15Y AVG
-29.48%
CURRENT VS 20Y AVG
-25.82%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
-8.15%
vs the sector median at left
Canadian National Railway Company
Market Cap
$73.15B
Interest Coverage Ratio
7.21x
TTM Avg
7.75x
3Y Avg
7.72x
5Y Avg
8.96x
Market Cap
$72.53B
Interest Coverage Ratio
6.44x
TTM Avg
6.74x
3Y Avg
6.32x
5Y Avg
7.04x
Market Cap
$72.45B
Interest Coverage Ratio
11.75x
TTM Avg
10.95x
3Y Avg
10.33x
5Y Avg
14.73x
Market Cap
$70.30B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$76.40B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
Market Cap
$67.63B
Interest Coverage Ratio
12.43x
TTM Avg
10.07x
3Y Avg
9.09x
5Y Avg
8.90x
Market Cap
$78.92B
Interest Coverage Ratio
14.44x
TTM Avg
14.75x
3Y Avg
15.84x
5Y Avg
15.76x
Market Cap
$67.37B
Interest Coverage Ratio
4.89x
TTM Avg
5.63x
3Y Avg
8.73x
5Y Avg
11.48x
Market Cap
$79.80B
Interest Coverage Ratio
7.78x
TTM Avg
8.94x
3Y Avg
12.16x
5Y Avg
13.22x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $73.15B | 7.21x | 7.75x | 7.72x | 8.96x |
| Northrop Grumman Corporation (NOC)vs › | $72.53B | 6.44x | 6.74x | 6.32x | 7.04x |
| Cummins Inc. (CMI)vs › | $72.45B | 11.75x | 10.95x | 10.33x | 14.73x |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 5.06x | 4.86x | 5.11x | 5.44x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.40B | 6.40x | 6.44x | 5.92x | 6.36x |
| FedEx Corporation (FDX)vs › | $67.63B | 12.43x | 10.07x | 9.09x | 8.90x |
| Illinois Tool Works Inc. (ITW)vs › | $78.92B | 14.44x | 14.75x | 15.84x | 15.76x |
| Honeywell International Inc. (HON)vs › | $67.37B | 4.89x | 5.63x | 8.73x | 11.48x |
| United Parcel Service, Inc. (UPS)vs › | $79.80B | 7.78x | 8.94x | 12.16x | 13.22x |
| Cintas Corporation (CTAS)vs › | $80.00B | 24.52x | 23.93x | 21.15x | 19.43x |
Interest Coverage
7.2x
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 |
