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 3.33x is 46% above its 5-year average of 2.29x, around the middle of its 5-year range (-0.25x–7.80x).
As of the fiscal period ended Tuesday, March 31, 2026. 19.15% above its 12-month average of 2.80x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
3.33x
INTEREST COVERAGE RATIO AVG TTM
2.80x
INTEREST COVERAGE RATIO AVG 3Y
1.61x
INTEREST COVERAGE RATIO AVG 5Y
2.29x
INTEREST COVERAGE RATIO AVG 10Y
4.35x
INTEREST COVERAGE RATIO AVG 15Y
10.03x
INTEREST COVERAGE RATIO AVG 20Y
16.08x
CURRENT VS TTM AVG
+19.15%
CURRENT VS 3Y AVG
+107.18%
CURRENT VS 5Y AVG
+45.77%
CURRENT VS 10Y AVG
-23.38%
CURRENT VS 15Y AVG
-66.78%
CURRENT VS 20Y AVG
-79.28%
SECTOR MEDIAN · TECHNOLOGY
7.54x
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
-55.81%
vs the sector median at left
Coherent, Inc.
Market Cap
$64.28B
Interest Coverage Ratio
3.33x
TTM Avg
2.80x
3Y Avg
1.61x
5Y Avg
2.29x
Market Cap
$63.84B
Interest Coverage Ratio
-8.66x
TTM Avg
3.77x
3Y Avg
3.63x
5Y Avg
4.64x
Market Cap
$63.39B
Interest Coverage Ratio
41.70x
TTM Avg
40.82x
3Y Avg
39.75x
5Y Avg
41.13x
Market Cap
$59.71B
Interest Coverage Ratio
N/A
TTM Avg
510.98x
3Y Avg
2104.82x
5Y Avg
2104.82x
Market Cap
$68.89B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$59.59B
Interest Coverage Ratio
7.10x
TTM Avg
7.84x
3Y Avg
8.23x
5Y Avg
6.85x
Market Cap
$59.32B
Interest Coverage Ratio
101.29x
TTM Avg
133.41x
3Y Avg
155.54x
5Y Avg
121.32x
Market Cap
$58.74B
Interest Coverage Ratio
9.88x
TTM Avg
9.90x
3Y Avg
13.53x
5Y Avg
12.93x
Market Cap
$72.00B
Interest Coverage Ratio
9.39x
TTM Avg
15.10x
3Y Avg
10.65x
5Y Avg
10.79x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coherent, Inc. (COHR) | $64.28B | 3.33x | 2.80x | 1.61x | 2.29x |
| Lumentum Holdings Inc. (LITE)vs › | $63.84B | -8.66x | 3.77x | 3.63x | 4.64x |
| TE Connectivity plc (TEL)vs › | $63.39B | 41.70x | 40.82x | 39.75x | 41.13x |
| Garmin Ltd. (GRMN)vs › | $59.71B | N/A | 510.98x | 2104.82x | 2104.82x |
| Monolithic Power Systems, Inc. (MPWR)vs › | $68.89B | N/A | N/A | N/A | N/A |
| NXP Semiconductors N.V. (NXPI)vs › | $59.59B | 7.10x | 7.84x | 8.23x | 6.85x |
| Teradyne, Inc. (TER)vs › | $59.32B | 101.29x | 133.41x | 155.54x | 121.32x |
| Keysight Technologies, Inc. (KEYS)vs › | $58.74B | 9.88x | 9.90x | 13.53x | 12.93x |
| Hewlett Packard Enterprise Company (HPE)vs › | $72.00B | 9.39x | 15.10x | 10.65x | 10.79x |
| Ciena Corporation (CIEN)vs › | $54.84B | 3.39x | 2.67x | 3.15x | 6.02x |
Interest Coverage
3.3x
Debt/Equity
0.32
Current Ratio
3.05
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 | 3.33x |
| 2025-12-31 | 4.33x |
| 2025-09-30 | 2.93x |
| 2025-06-30 | 0.84x |
| 2025-03-31 | 2.54x |
| 2024-12-31 | 2.25x |
| 2024-09-30 | 1.49x |
| 2024-06-30 | 1.14x |
| 2024-03-31 | 0.47x |
| 2023-12-31 | 0.41x |
| 2023-09-30 | -0.25x |
| 2023-06-30 | 0.52x |
| 2023-03-31 | 0.90x |
| 2022-12-31 | 0.12x |
| 2022-09-30 | 0.69x |
| 2022-06-30 | 2.36x |
| 2022-03-31 | 2.45x |
| 2021-12-31 | 5.76x |
| 2021-09-30 | 7.80x |
| 2021-06-30 | 6.91x |
| 2021-03-31 | 6.53x |
| 2020-12-31 | 7.62x |
| 2020-09-30 | 5.99x |
| 2020-06-30 | 0.03x |
| 2020-03-31 | 2.63x |
| 2019-12-31 | 0.07x |
| 2019-09-30 | 4.14x |
| 2019-06-30 | 7.26x |
| 2019-03-31 | 5.51x |
| 2018-12-31 | 7.10x |
| 2018-09-30 | 6.66x |
| 2018-06-30 | 7.57x |
| 2018-03-31 | 6.88x |
| 2017-12-31 | 7.00x |
| 2017-09-30 | 8.17x |
| 2017-06-30 | 15.77x |
| 2017-03-31 | 15.00x |
| 2016-12-31 | 19.88x |
| 2016-09-30 | 19.01x |
| 2016-06-30 | 27.12x |
| 2016-03-31 | 25.21x |
| 2015-12-31 | 36.48x |
| 2015-09-30 | 33.48x |
| 2015-06-30 | 29.88x |
| 2015-03-31 | 20.92x |
| 2014-12-31 | 15.93x |
| 2014-09-30 | 16.11x |
| 2014-06-30 | 10.39x |
| 2014-03-31 | 6.19x |
| 2013-12-31 | 8.18x |
| 2013-09-30 | 27.89x |
| 2013-06-30 | 33.56x |
| 2013-03-31 | 40.47x |
| 2012-12-31 | 69.36x |
| 2012-09-30 | 460.94x |
| 2012-06-30 | 631.86x |
| 2012-03-31 | 353.63x |
| 2011-12-31 | 184.91x |
| 2011-09-30 | 390.42x |
| 2011-06-30 | 1839.71x |
| 2011-03-31 | 755.00x |
| 2010-12-31 | 969.12x |
| 2010-09-30 | 824.10x |
| 2010-06-30 | 492.58x |
| 2010-03-31 | 14529.00x |
| 2009-12-31 | 389.63x |
| 2009-09-30 | 354.00x |
| 2009-06-30 | 258.75x |
| 2009-03-31 | 110.60x |
| 2008-12-31 | 246.58x |
| 2008-06-30 | 132.31x |
| 2006-06-30 | 0.32x |
| 2006-03-31 | 88.40x |
| 2005-12-31 | 28.99x |
| 2005-06-30 | 7.94x |
| 2005-03-31 | 23.09x |
| 2004-06-30 | 22.76x |
| 2004-03-31 | 23.75x |
| 2002-12-31 | 1.42x |
| 2002-09-30 | 61.72x |
| 2002-06-30 | 1.20x |
