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 12.51x is 11% above its 5-year average of 11.23x, near the high end of its 5-year range (6.99x–13.85x).
1.03% below its 12-month average of 12.64x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
12.51x
INTEREST COVERAGE RATIO AVG TTM
12.64x
INTEREST COVERAGE RATIO AVG 3Y
10.97x
INTEREST COVERAGE RATIO AVG 5Y
11.23x
INTEREST COVERAGE RATIO AVG 10Y
9.34x
INTEREST COVERAGE RATIO AVG 15Y
9.20x
INTEREST COVERAGE RATIO AVG 20Y
8.99x
CURRENT VS TTM AVG
-1.03%
CURRENT VS 3Y AVG
+14.06%
CURRENT VS 5Y AVG
+11.36%
CURRENT VS 10Y AVG
+33.94%
CURRENT VS 15Y AVG
+35.99%
CURRENT VS 20Y AVG
+39.14%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
+59.36%
vs the sector median at left
Dover Corporation
Market Cap
$26.10B
Interest Coverage Ratio
12.51x
TTM Avg
12.64x
3Y Avg
10.97x
5Y Avg
11.23x
Market Cap
$26.21B
Interest Coverage Ratio
8.22x
TTM Avg
6.60x
3Y Avg
7.23x
5Y Avg
6.83x
Market Cap
$25.61B
Interest Coverage Ratio
42.17x
TTM Avg
32.55x
3Y Avg
22.71x
5Y Avg
17.22x
Market Cap
$25.58B
Interest Coverage Ratio
12.19x
TTM Avg
11.36x
3Y Avg
15.94x
5Y Avg
16.89x
Market Cap
$26.91B
Interest Coverage Ratio
10.88x
TTM Avg
10.88x
3Y Avg
13.22x
5Y Avg
13.72x
Market Cap
$24.48B
Interest Coverage Ratio
18.99x
TTM Avg
16.89x
3Y Avg
19.09x
5Y Avg
15.72x
Market Cap
$24.35B
Interest Coverage Ratio
N/A
TTM Avg
137.10x
3Y Avg
2303.50x
5Y Avg
2303.50x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dover Corporation (DOV) | $26.10B | 12.51x | 12.64x | 10.97x | 11.23x |
| nVent Electric plc (NVT)vs › | $26.21B | 8.22x | 6.60x | 7.23x | 6.83x |
| Xylem Inc. (XYL)vs › | $25.61B | 42.17x | 32.55x | 22.71x | 17.22x |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.58B | 12.19x | 11.36x | 15.94x | 16.89x |
| Otis Worldwide Corporation (OTIS)vs › | $26.91B | 10.88x | 10.88x | 13.22x | 13.72x |
| Hubbell Incorporated (HUBB)vs › | $24.48B | 18.99x | 16.89x | 19.09x | 15.72x |
| Symbotic Inc. (SYM)vs › | $27.80B | N/A | N/A | N/A | N/A |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.35B | N/A | 137.10x | 2303.50x | 2303.50x |
| ATI Inc. (ATI)vs › | $27.97B | 5.73x | 5.32x | 4.62x | 3.94x |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $28.26B | 5.64x | 5.13x | 5.54x | 6.16x |
Interest Coverage
12.5x
Debt/Equity
0.42
Current Ratio
1.98
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 | 13.48x |
| 2026-03-31 | 10.36x |
| 2025-12-31 | 12.27x |
| 2025-09-30 | 13.85x |
| 2025-06-30 | 13.24x |
| 2025-03-31 | 10.73x |
| 2024-12-31 | 10.42x |
| 2024-09-30 | 9.78x |
| 2024-06-30 | 9.99x |
| 2024-03-31 | 6.99x |
| 2023-12-31 | 11.47x |
| 2023-09-30 | 10.39x |
| 2023-06-30 | 9.60x |
| 2023-03-31 | 9.20x |
| 2022-12-31 | 10.65x |
| 2022-09-30 | 12.43x |
| 2022-06-30 | 13.22x |
| 2022-03-31 | 11.27x |
| 2021-12-31 | 10.71x |
| 2021-09-30 | 12.94x |
| 2021-06-30 | 12.91x |
| 2021-03-31 | 11.65x |
| 2020-12-31 | 8.71x |
| 2020-09-30 | 9.99x |
| 2020-06-30 | 6.44x |
| 2020-03-31 | 8.26x |
| 2019-12-31 | 8.04x |
| 2019-09-30 | 9.00x |
| 2019-06-30 | 8.69x |
| 2019-03-31 | 5.29x |
| 2018-12-31 | 45.84x |
| 2018-09-30 | 7.06x |
| 2018-06-30 | 7.36x |
| 2018-03-31 | 4.69x |
| 2017-12-31 | 5.47x |
| 2017-09-30 | -6.75x |
| 2017-06-30 | 6.30x |
| 2017-03-31 | 4.80x |
| 2016-12-31 | 4.62x |
| 2016-09-30 | 6.24x |
| 2016-06-30 | 5.74x |
| 2016-03-31 | 4.38x |
| 2015-12-31 | 6.13x |
| 2015-09-30 | 8.37x |
| 2015-06-30 | 7.62x |
| 2015-03-31 | 5.83x |
| 2014-12-31 | 7.13x |
| 2014-09-30 | 11.15x |
| 2014-06-30 | 10.30x |
| 2014-03-31 | 8.40x |
| 2013-12-31 | 9.99x |
| 2013-09-30 | 11.23x |
| 2013-06-30 | 10.32x |
| 2013-03-31 | 8.59x |
| 2012-12-31 | 8.56x |
| 2012-09-30 | 11.52x |
| 2012-06-30 | 9.88x |
| 2012-03-31 | 9.23x |
| 2011-12-31 | 8.92x |
| 2011-09-30 | 10.40x |
| 2011-06-30 | 10.54x |
| 2011-03-31 | 8.32x |
| 2010-12-31 | 10.40x |
| 2010-09-30 | 10.16x |
| 2010-06-30 | 9.14x |
| 2010-03-31 | 7.47x |
| 2009-12-31 | 6.14x |
| 2009-09-30 | 6.85x |
| 2009-06-30 | 5.17x |
| 2009-03-31 | 5.12x |
| 2008-12-31 | 2.41x |
| 2008-09-30 | 10.39x |
| 2008-06-30 | 10.70x |
| 2008-03-31 | 10.06x |
| 2007-12-31 | 2.77x |
| 2007-09-30 | 12.21x |
| 2007-06-30 | 11.68x |
| 2007-03-31 | 9.58x |
| 2006-12-31 | 2.92x |
| 2006-09-30 | 13.13x |
| 2006-06-30 | 12.91x |
| 2006-03-31 | 9.90x |
| 2005-12-31 | 2.60x |
| 2005-09-30 | 11.14x |
| 2005-06-30 | 10.85x |
| 2005-03-31 | 9.05x |
| 2004-09-30 | 10.49x |
| 2004-06-30 | 11.00x |
| 2004-03-31 | 9.04x |