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 8.56x is 57% below its 5-year average of 19.93x, near the low end of its 5-year range (4.96x–275.07x).
As of the fiscal period ended Tuesday, March 31, 2026. 6.47% below its 12-month average of 9.15x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
8.56x
INTEREST COVERAGE RATIO AVG TTM
9.15x
INTEREST COVERAGE RATIO AVG 3Y
7.78x
INTEREST COVERAGE RATIO AVG 5Y
7.17x
INTEREST COVERAGE RATIO AVG 10Y
7.36x
INTEREST COVERAGE RATIO AVG 15Y
7.03x
INTEREST COVERAGE RATIO AVG 20Y
8.21x
CURRENT VS TTM AVG
-6.47%
CURRENT VS 3Y AVG
+9.95%
CURRENT VS 5Y AVG
+19.32%
CURRENT VS 10Y AVG
+16.30%
CURRENT VS 15Y AVG
+21.64%
CURRENT VS 20Y AVG
+4.24%
SECTOR MEDIAN · BASIC MATERIALS
8.66x
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-1.20%
vs the sector median at left
Ecolab Inc.
Market Cap
$75.64B
Interest Coverage Ratio
8.56x
TTM Avg
9.15x
3Y Avg
7.78x
5Y Avg
7.17x
Market Cap
$78.31B
Interest Coverage Ratio
8.11x
TTM Avg
8.41x
3Y Avg
8.15x
5Y Avg
8.08x
Market Cap
$66.33B
Interest Coverage Ratio
-4.10x
TTM Avg
17.23x
3Y Avg
17.20x
5Y Avg
17.49x
Market Cap
$63.07B
Interest Coverage Ratio
7.12x
TTM Avg
8.31x
3Y Avg
10.42x
5Y Avg
10.10x
Market Cap
$62.20B
Interest Coverage Ratio
22.63x
TTM Avg
16.58x
3Y Avg
12.59x
5Y Avg
12.71x
Market Cap
$90.02B
Interest Coverage Ratio
17.05x
TTM Avg
19.29x
3Y Avg
15.97x
5Y Avg
13.34x
Market Cap
$59.69B
Interest Coverage Ratio
14.55x
TTM Avg
11.78x
3Y Avg
14.25x
5Y Avg
19.94x
Market Cap
$56.38B
Interest Coverage Ratio
15.64x
TTM Avg
14.36x
3Y Avg
25.51x
5Y Avg
31.83x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ecolab Inc. (ECL) | $75.64B | 8.56x | 9.15x | 7.78x | 7.17x |
| The Sherwin-Williams Company (SHW)vs › | $78.31B | 8.11x | 8.41x | 8.15x | 8.08x |
| CRH plc (CRH)vs › | $66.73B | 6.57x | 7.45x | 9.95x | 8.88x |
| Air Products and Chemicals, Inc. (APD)vs › | $66.33B | -4.10x | 17.23x | 17.20x | 17.49x |
| Vale S.A. (VALE)vs › | $63.07B | 7.12x | 8.31x | 10.42x | 10.10x |
| Barrick Mining Corporation (B)vs › | $62.20B | 22.63x | 16.58x | 12.59x | 12.71x |
| Freeport-McMoRan Inc. (FCX)vs › | $90.02B | 17.05x | 19.29x | 15.97x | 13.34x |
| Corteva, Inc. (CTVA)vs › | $59.69B | 14.55x | 11.78x | 14.25x | 19.94x |
| Nucor Corporation (NUE)vs › | $56.38B | 15.64x | 14.36x | 25.51x | 31.83x |
| Newmont Corporation (NEM)vs › | $98.19B | 34.40x | 24.66x | 14.77x | 12.75x |
Interest Coverage
8.6x
Debt/Equity
0.97
Current Ratio
1.08
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 | 8.56x |
| 2025-12-31 | 9.48x |
| 2025-09-30 | 10.25x |
| 2025-06-30 | 9.32x |
| 2025-03-31 | 8.14x |
| 2024-12-31 | 8.72x |
| 2024-09-30 | 8.23x |
| 2024-06-30 | 8.43x |
| 2024-03-31 | 5.81x |
| 2023-12-31 | 6.39x |
| 2023-09-30 | 6.73x |
| 2023-06-30 | 6.15x |
| 2023-03-31 | 4.96x |
| 2022-12-31 | 7.23x |
| 2022-09-30 | 5.54x |
| 2022-06-30 | 5.91x |
| 2022-03-31 | 5.20x |
| 2021-12-31 | 275.07x |
| 2021-09-30 | 5.29x |
| 2021-06-30 | 7.70x |
| 2021-03-31 | 5.38x |
| 2020-12-31 | 6.95x |
| 2020-09-30 | 9.41x |
| 2020-06-30 | 4.29x |
| 2020-03-31 | 6.07x |
| 2019-12-31 | 7.62x |
| 2019-09-30 | 12.31x |
| 2019-06-30 | 7.44x |
| 2019-03-31 | 6.50x |
| 2018-12-31 | 7.91x |
| 2018-09-30 | 7.43x |
| 2018-06-30 | 5.56x |
| 2018-03-31 | 6.49x |
| 2017-12-31 | 9.50x |
| 2017-09-30 | 10.58x |
| 2017-06-30 | 9.13x |
| 2017-03-31 | 5.67x |
| 2016-12-31 | 7.53x |
| 2016-09-30 | 8.54x |
| 2016-06-30 | 6.32x |
| 2016-03-31 | 5.62x |
| 2015-12-31 | 5.18x |
| 2015-09-30 | 6.70x |
| 2015-06-30 | 7.15x |
| 2015-03-31 | 6.20x |
| 2014-12-31 | 8.40x |
| 2014-09-30 | 9.03x |
| 2014-06-30 | 7.74x |
| 2014-03-31 | 5.39x |
| 2013-12-31 | 6.96x |
| 2013-09-30 | 7.10x |
| 2013-06-30 | 5.32x |
| 2013-03-31 | 4.26x |
| 2012-12-31 | 6.33x |
| 2012-09-30 | 6.25x |
| 2012-06-30 | 5.11x |
| 2012-03-31 | 1.93x |
| 2011-12-31 | 4.51x |
| 2011-09-30 | 15.07x |
| 2011-06-30 | 13.40x |
| 2011-03-31 | 10.11x |
| 2010-12-31 | 12.05x |
| 2010-09-30 | 16.45x |
| 2010-06-30 | 13.62x |
| 2010-03-31 | 10.25x |
| 2009-12-31 | 11.94x |
| 2009-09-30 | 14.77x |
| 2009-06-30 | 10.86x |
| 2009-03-31 | 5.48x |
| 2008-12-31 | 2.97x |
| 2008-09-30 | 7.26x |
| 2008-06-30 | 11.83x |
| 2008-03-31 | 9.61x |
| 2007-12-31 | 34.86x |
| 2007-09-30 | 4.23x |
| 2007-06-30 | 12.91x |
| 2007-03-31 | 12.68x |
| 2006-12-31 | 12.29x |
| 2006-09-30 | 16.17x |
| 2006-06-30 | 13.90x |
| 2006-03-31 | 12.73x |
| 2005-12-31 | 10.51x |
| 2005-09-30 | 14.88x |
| 2005-06-30 | 12.01x |
| 2005-03-31 | 11.29x |
| 2004-12-31 | 11.24x |
| 2004-09-30 | 12.31x |
| 2004-06-30 | 12.39x |
| 2004-03-31 | 7.75x |
| 2003-12-31 | 11.27x |
| 2003-09-30 | 60.66x |
| 2003-06-30 | 10.46x |
| 2003-03-31 | 9.66x |
| 2002-12-31 | 4.40x |
| 2002-09-30 | 9.99x |
| 2002-06-30 | 4.15x |
