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COHRCoherent, Inc.

Interest Coverage Ratio: 3.33x

popular:market cap|pe ratio|revenue|price history|total return

Is the interest coverage ratio high or low?

The interest coverage ratio of 3.33x is 31% above its 5-year average of 2.55x, around the middle of its 5-year range (-0.25x–7.80x).

As of Saturday, June 27, 2026. 19.15% above its 12-month average of 2.80x.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics
Interest Coverage

COHR Interest Coverage Ratio

3.33x

Reported quarterly interest coverage; no daily interpolation.

-51.78% 5Y
COHR Interest Coverage Ratio

COHR Average Interest Coverage Ratio Chart

COHR Interest Coverage Ratio

COHR Current vs Average Interest Coverage Ratio Chart

COHR Interest Coverage Ratio Metrics

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%

COHR Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Coherent, Inc. (COHR)$60.35B3.33x2.80x1.61x2.29x
Hewlett Packard Enterprise Company (HPE)vs ›$57.88B9.39x15.10x10.65x10.79x
TE Connectivity plc (TEL)vs ›$57.72B41.70x40.82x39.75x41.13x
STMicroelectronics N.V. (STM)vs ›$63.48B5.89x12.80x112.73x88.83x
Lumentum Holdings Inc. (LITE)vs ›$63.56B-8.11x3.78x3.63x4.64x
United Microelectronics Corporation (UMC)vs ›$63.81B27.28x29.02x38.93x32.39x
Monolithic Power Systems, Inc. (MPWR)vs ›$64.52BN/AN/AN/AN/A
Keysight Technologies, Inc. (KEYS)vs ›$56.17B9.88x9.90x13.53x12.93x
Motorola Solutions, Inc. (MSI)vs ›$66.88B8.04x8.57x8.32x7.83x
Astera Labs, Inc. Common Stock (ALAB)vs ›$67.15BN/AN/AN/AN/A

Financial Health Indicators

Interest Coverage

3.3x

Debt/Equity

0.48

Current Ratio

2.19

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Coherent, Inc. (COHR)?
The interest coverage ratio for COHR stock is 3.33x.
Is Coherent, Inc.'s interest coverage ratio high or low?
The interest coverage ratio of 3.33x is 31% above its 5-year average of 2.55x, around the middle of its 5-year range (-0.25x–7.80x).
What is the TTM average interest coverage ratio for Coherent, Inc. (COHR)?
The TTM average interest coverage ratio for COHR stock is 2.80x.
What is the 3Y average interest coverage ratio for Coherent, Inc. (COHR)?
The 3Y average interest coverage ratio for COHR stock is 1.61x.
What is the 5Y average interest coverage ratio for Coherent, Inc. (COHR)?
The 5Y average interest coverage ratio for COHR stock is 2.29x.
What is the 10Y average interest coverage ratio for Coherent, Inc. (COHR)?
The 10Y average interest coverage ratio for COHR stock is 4.35x.
What is the 15Y average interest coverage ratio for Coherent, Inc. (COHR)?
The 15Y average interest coverage ratio for COHR stock is 10.03x.
What is the 20Y average interest coverage ratio for Coherent, Inc. (COHR)?
The 20Y average interest coverage ratio for COHR stock is 16.08x.

COHR Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2026-03-313.33x
2025-12-314.33x
2025-09-302.93x
2025-06-300.84x
2025-03-312.54x
2024-12-312.25x
2024-09-301.49x
2024-06-301.14x
2024-03-310.47x
2023-12-310.41x
2023-09-30-0.25x
2023-06-300.52x
2023-03-310.90x
2022-12-310.12x
2022-09-300.69x
2022-06-302.36x
2022-03-312.45x
2021-12-315.76x
2021-09-307.80x
2021-06-306.91x
2021-03-316.53x
2020-12-317.62x
2020-09-305.99x
2020-06-300.03x
2020-03-312.63x
2019-12-310.07x
2019-09-304.14x
2019-06-307.26x
2019-03-315.51x
2018-12-317.10x
2018-09-306.66x
2018-06-307.57x
2018-03-316.88x
2017-12-317.00x
2017-09-308.17x
2017-06-3015.77x
2017-03-3115.00x
2016-12-3119.88x
2016-09-3019.01x
2016-06-3027.12x
2016-03-3125.21x
2015-12-3136.48x
2015-09-3033.48x
2015-06-3029.88x
2015-03-3120.92x
2014-12-3115.93x
2014-09-3016.11x
2014-06-3010.39x
2014-03-316.19x
2013-12-318.18x
2013-09-3027.89x
2013-06-3033.56x
2013-03-3140.47x
2012-12-3169.36x
2012-09-30460.94x
2012-06-30631.86x
2012-03-31353.63x
2011-12-31184.91x
2011-09-30390.42x
2011-06-301839.71x
2011-03-31755.00x
2010-12-31969.12x
2010-09-30824.10x
2010-06-30492.58x
2010-03-3114529.00x
2009-12-31389.63x
2009-09-30354.00x
2009-06-30258.75x
2009-03-31110.60x
2008-12-31246.58x
2008-06-30132.31x
2006-06-300.32x
2006-03-3188.40x
2005-12-3128.99x
2005-06-307.94x
2005-03-3123.09x
2004-06-3022.76x
2004-03-3123.75x
2002-12-311.42x
2002-09-3061.72x
2002-06-301.20x

Related Metrics

Interest ExpenseTotal DebtDebt/EquityOperating MarginAll Metrics

About Coherent, Inc.

Coherent, Inc. specializes in advanced laser technologies, offering a comprehensive suite of products that includes lasers, laser-based solutions, and complete systems. These are deployed across a spectrum of uses, from commercial and industrial operations to critical scientific research. The company's operations are distinctly segmented into two primary areas: laser sources for Original Equipment Manufacturers (OEMs) and industrial lasers alongside integrated systems. Coherent handles the entire lifecycle of its offerings, from conceptual design and manufacturing to global marketing and ongoing service. Their product portfolio spans lasers, specialized laser tools, high-precision optical components, associated accessories, and sophisticated laser measurement and control devices. These sophisticated tools are integral to fields such as microelectronics fabrication, advanced materials processing, integration into original equipment manufacturer (OEM) components and instrumentation, scientific studies, and various governmental programs. Distribution in the U.S. is primarily managed by an in-house sales team, while international markets are reached through a combination of direct sales personnel and independent representatives. Established in 1966, Coherent, Inc. maintains its headquarters in Santa Clara, California. Notably, since July 1, 2022, the company has operated as a wholly-owned subsidiary of II-VI Incorporated.

Santa Clara, CA
26,157 employees
www.coherent.com
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
James Robert Anderson
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