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 27.96x is 368% above its 5-year average of 5.98x, near the high end of its 5-year range (-7.01x–27.96x).
As of the fiscal period ended Tuesday, June 30, 2026. 63.03% above its 12-month average of 17.15x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
27.96x
INTEREST COVERAGE RATIO AVG TTM
17.15x
INTEREST COVERAGE RATIO AVG 3Y
8.60x
INTEREST COVERAGE RATIO AVG 5Y
4.01x
INTEREST COVERAGE RATIO AVG 10Y
4.83x
INTEREST COVERAGE RATIO AVG 15Y
6.25x
INTEREST COVERAGE RATIO AVG 20Y
5.85x
CURRENT VS TTM AVG
+63.03%
CURRENT VS 3Y AVG
+225.18%
CURRENT VS 5Y AVG
+597.91%
CURRENT VS 10Y AVG
+478.42%
CURRENT VS 15Y AVG
+347.09%
CURRENT VS 20Y AVG
+377.94%
SECTOR MEDIAN · BASIC MATERIALS
9.50x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+194.31%
vs the sector median at left
Carpenter Technology Corporation
Market Cap
$29.15B
Interest Coverage Ratio
27.96x
TTM Avg
17.15x
3Y Avg
8.60x
5Y Avg
4.01x
Market Cap
$31.55B
Interest Coverage Ratio
5.31x
TTM Avg
4.89x
3Y Avg
8.75x
5Y Avg
7.80x
Market Cap
$26.32B
Interest Coverage Ratio
9.00x
TTM Avg
9.25x
3Y Avg
9.18x
5Y Avg
10.59x
Market Cap
$32.70B
Interest Coverage Ratio
6.65x
TTM Avg
11.34x
3Y Avg
9.87x
5Y Avg
9.13x
Market Cap
$21.86B
Interest Coverage Ratio
3.68x
TTM Avg
3.09x
3Y Avg
3.09x
5Y Avg
3.13x
Market Cap
$36.55B
Interest Coverage Ratio
3.41x
TTM Avg
5.28x
3Y Avg
5.86x
5Y Avg
6.14x
Market Cap
$21.71B
Interest Coverage Ratio
-7.58x
TTM Avg
1.96x
3Y Avg
2.92x
5Y Avg
2.76x
Market Cap
$21.49B
Interest Coverage Ratio
18.36x
TTM Avg
23.77x
3Y Avg
32.80x
5Y Avg
24.91x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carpenter Technology Corporation (CRS) | $29.15B | 27.96x | 17.15x | 8.60x | 4.01x |
| Nutrien Ltd. (NTR)vs › | $31.55B | 5.31x | 4.89x | 8.75x | 7.80x |
| PPG Industries, Inc. (PPG)vs › | $26.32B | 9.00x | 9.25x | 9.18x | 10.59x |
| Martin Marietta Materials, Inc. (MLM)vs › | $32.70B | 6.65x | 11.34x | 9.87x | 9.13x |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.86B | 3.68x | 3.09x | 3.09x | 3.13x |
| Vulcan Materials Company (VMC)vs › | $36.55B | 3.41x | 5.28x | 5.86x | 6.14x |
| Dow Inc. (DOW)vs › | $21.72B | 0.30x | 1.51x | 3.66x | 4.83x |
| International Paper Company (IP)vs › | $21.71B | -7.58x | 1.96x | 2.92x | 2.76x |
| Reliance Steel & Aluminum Co. (RS)vs › | $21.49B | 18.36x | 23.77x | 32.80x | 24.91x |
| Steel Dynamics, Inc. (STLD)vs › | $38.03B | 21.07x | 27.77x | 38.09x | 39.41x |
Interest Coverage
28.0x
Debt/Equity
0.31
Current Ratio
3.81
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 | 27.96x |
| 2026-03-31 | 21.44x |
| 2025-12-31 | 13.38x |
| 2025-09-30 | 13.33x |
| 2025-06-30 | 9.64x |
| 2025-03-31 | 8.67x |
| 2024-12-31 | 7.39x |
| 2024-09-30 | 6.97x |
| 2024-06-30 | 6.69x |
| 2024-03-31 | 4.57x |
| 2023-12-31 | 4.23x |
| 2023-09-30 | 4.26x |
| 2023-06-30 | 2.62x |
| 2023-03-31 | 2.31x |
| 2022-12-31 | 1.46x |
| 2022-09-30 | 0.66x |
| 2022-06-30 | 1.85x |
| 2022-03-31 | 0.10x |
| 2021-12-31 | -3.12x |
| 2021-09-30 | -1.87x |
| 2021-06-30 | -7.01x |
| 2021-03-31 | -4.49x |
| 2020-12-31 | -11.27x |
| 2020-09-30 | -6.34x |
| 2020-06-30 | -36.15x |
| 2020-03-31 | 11.98x |
| 2019-12-31 | 10.38x |
| 2019-09-30 | 9.80x |
| 2019-06-30 | 11.89x |
| 2019-03-31 | 10.31x |
| 2018-12-31 | 7.91x |
| 2018-09-30 | 7.14x |
| 2018-06-30 | 9.43x |
| 2018-03-31 | 6.09x |
| 2017-12-31 | 5.67x |
| 2017-09-30 | 5.86x |
| 2017-06-30 | 6.11x |
| 2017-03-31 | 4.65x |
| 2016-12-31 | 2.08x |
| 2016-09-30 | 0.19x |
| 2016-06-30 | 4.06x |
| 2016-03-31 | -3.38x |
| 2015-12-31 | 3.11x |
| 2015-09-30 | 3.76x |
| 2015-06-30 | 5.82x |
| 2015-03-31 | 0.68x |
| 2014-12-31 | 6.62x |
| 2014-09-30 | 3.16x |
| 2014-06-30 | 9.55x |
| 2014-03-31 | 18.33x |
| 2013-12-31 | 12.84x |
| 2013-09-30 | 12.68x |
| 2013-06-30 | 10.38x |
| 2013-03-31 | 10.60x |
| 2012-12-31 | 11.98x |
| 2012-09-30 | 11.85x |
| 2012-06-30 | 12.31x |
| 2012-03-31 | 9.95x |
| 2011-12-31 | 7.57x |
| 2011-09-30 | 6.29x |
| 2011-06-30 | 8.33x |
| 2011-03-31 | 8.00x |
| 2010-12-31 | 2.81x |
| 2010-09-30 | 3.36x |
| 2010-06-30 | 2.27x |
| 2010-03-31 | 2.84x |
| 2009-12-31 | 0.44x |
| 2009-09-30 | -3.09x |
| 2009-06-30 | -8.03x |
| 2009-03-31 | 4.13x |
| 2008-12-31 | 10.45x |
| 2008-09-30 | 8.96x |
| 2008-03-31 | 14.65x |
