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 7.55x is 42% below its 5-year average of 13.02x, near the low end of its 5-year range (2.54x–29.87x).
11.75% below its 12-month average of 8.56x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 17.77x.
INTEREST COVERAGE RATIO
7.55x
INTEREST COVERAGE RATIO AVG TTM
8.56x
INTEREST COVERAGE RATIO AVG 3Y
10.21x
INTEREST COVERAGE RATIO AVG 5Y
13.02x
INTEREST COVERAGE RATIO AVG 10Y
6.79x
INTEREST COVERAGE RATIO AVG 15Y
7.42x
INTEREST COVERAGE RATIO AVG 20Y
8.12x
CURRENT VS TTM AVG
-11.75%
CURRENT VS 3Y AVG
-26.07%
CURRENT VS 5Y AVG
-42.03%
CURRENT VS 10Y AVG
+11.18%
CURRENT VS 15Y AVG
+1.72%
CURRENT VS 20Y AVG
-7.05%
SECTOR MEDIAN · ENERGY
6.56x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+15.00%
vs the sector median at left
Devon Energy Corporation
Market Cap
$51.40B
Interest Coverage Ratio
7.55x
TTM Avg
8.56x
3Y Avg
10.21x
5Y Avg
13.02x
Market Cap
$52.11B
Interest Coverage Ratio
20.16x
TTM Avg
17.63x
3Y Avg
25.51x
5Y Avg
24.41x
Market Cap
$55.80B
Interest Coverage Ratio
4.14x
TTM Avg
4.61x
3Y Avg
7.25x
5Y Avg
6.38x
Market Cap
$56.70B
Interest Coverage Ratio
16.02x
TTM Avg
16.55x
3Y Avg
13.20x
5Y Avg
9.96x
Market Cap
$59.55B
Interest Coverage Ratio
4.04x
TTM Avg
3.94x
3Y Avg
4.16x
5Y Avg
4.09x
Market Cap
$61.09B
Interest Coverage Ratio
1.98x
TTM Avg
2.13x
3Y Avg
2.30x
5Y Avg
2.45x
Market Cap
$37.91B
Interest Coverage Ratio
7.80x
TTM Avg
6.20x
3Y Avg
4.09x
5Y Avg
4.09x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $51.40B | 7.55x | 8.56x | 10.21x | 13.02x |
| Diamondback Energy, Inc. (FANG)vs › | $52.11B | 20.16x | 17.63x | 25.51x | 24.41x |
| Occidental Petroleum Corporation (OXY)vs › | $55.80B | 4.14x | 4.61x | 7.25x | 6.38x |
| ONEOK, Inc. (OKE)vs › | $55.84B | 3.91x | 3.82x | 4.29x | 4.06x |
| Baker Hughes Company (BKR)vs › | $56.70B | 16.02x | 16.55x | 13.20x | 9.96x |
| MPLX Lp (MPLX)vs › | $58.51B | 4.84x | 5.29x | 5.30x | 4.33x |
| Targa Resources Corp. (TRGP)vs › | $59.55B | 4.04x | 3.94x | 4.16x | 4.09x |
| TC Energy Corporation (TRP)vs › | $61.09B | 1.98x | 2.13x | 2.30x | 2.45x |
| Cameco Corporation (CCJ)vs › | $37.91B | 7.80x | 6.20x | 4.09x | 4.09x |
| Kinder Morgan, Inc. (KMI)vs › | $68.21B | 2.67x | 2.51x | 2.55x | 2.63x |
Interest Coverage
7.5x
Debt/Equity
0.28
Current Ratio
0.72
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 | 17.77x |
| 2026-03-31 | 2.54x |
| 2025-12-31 | 7.07x |
| 2025-09-30 | 7.86x |
| 2025-06-30 | 7.55x |
| 2025-03-31 | 7.91x |
| 2024-12-31 | 6.78x |
| 2024-09-30 | 12.26x |
| 2024-06-30 | 12.62x |
| 2024-03-31 | 9.74x |
| 2023-12-31 | 17.47x |
| 2023-09-30 | 13.04x |
| 2023-06-30 | 10.15x |
| 2023-03-31 | 13.99x |
| 2022-12-31 | 17.82x |
| 2022-09-30 | 28.92x |
| 2022-06-30 | 29.87x |
| 2022-03-31 | 14.86x |
| 2021-12-31 | 19.73x |
| 2021-09-30 | 12.22x |
| 2021-06-30 | 3.32x |
| 2021-03-31 | 1.69x |
| 2020-12-31 | 0.06x |
| 2020-09-30 | -1.44x |
| 2020-06-30 | -8.42x |
| 2020-03-31 | 8.23x |
| 2019-12-31 | -0.05x |
| 2019-09-30 | 4.37x |
| 2019-06-30 | 4.58x |
| 2019-03-31 | -6.38x |
| 2018-12-31 | 19.46x |
| 2018-09-30 | 0.68x |
| 2018-06-30 | -2.53x |
| 2018-03-31 | 0.31x |
| 2017-12-31 | -7.15x |
| 2017-09-30 | 2.57x |
| 2017-06-30 | 4.67x |
| 2017-03-31 | 5.56x |
| 2016-12-31 | 1.91x |
| 2016-09-30 | 9.10x |
| 2016-06-30 | -9.18x |
| 2016-03-31 | -21.34x |
| 2015-12-31 | -39.03x |
| 2015-09-30 | -40.03x |
| 2015-06-30 | -34.90x |
| 2015-03-31 | -46.97x |
| 2014-12-31 | 2.75x |
| 2014-09-30 | 15.29x |
| 2014-06-30 | 13.54x |
| 2014-03-31 | 6.16x |
| 2013-12-31 | 5.35x |
| 2013-09-30 | 7.26x |
| 2013-06-30 | 10.58x |
| 2013-03-31 | -16.88x |
| 2012-12-31 | 9.24x |
| 2012-09-30 | 0.63x |
| 2012-06-30 | 8.86x |
| 2012-03-31 | 8.14x |
| 2011-12-31 | 15.88x |
| 2011-09-30 | 11.81x |
| 2011-06-30 | 13.69x |
| 2011-03-31 | 10.09x |
| 2010-12-31 | 16.25x |
| 2010-09-30 | 11.00x |
| 2010-06-30 | 7.05x |
| 2010-03-31 | 19.24x |
| 2009-12-31 | -63.59x |
| 2009-09-30 | 5.23x |
| 2009-06-30 | 3.32x |
| 2009-03-31 | -72.96x |
| 2008-12-31 | -29.88x |
| 2008-09-30 | 54.13x |
| 2008-06-30 | 14.01x |
| 2008-03-31 | 19.01x |
| 2007-12-31 | 3.06x |
| 2007-09-30 | 9.64x |
| 2007-06-30 | 11.53x |
| 2007-03-31 | 17.63x |
| 2006-12-31 | 2.00x |
| 2006-09-30 | 8.88x |
| 2006-06-30 | 9.81x |
| 2006-03-31 | 11.52x |
| 2005-12-31 | 2.84x |
| 2005-09-30 | 8.58x |
| 2005-06-30 | 7.77x |
| 2005-03-31 | 8.01x |
