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 6.93x is 83% below its 5-year average of 40.67x, near the low end of its 5-year range (5.93x–202.83x).
As of the fiscal period ended Tuesday, June 30, 2026. 54.29% below its 12-month average of 15.15x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
6.93x
INTEREST COVERAGE RATIO AVG TTM
15.15x
INTEREST COVERAGE RATIO AVG 3Y
19.67x
INTEREST COVERAGE RATIO AVG 5Y
18.68x
INTEREST COVERAGE RATIO AVG 10Y
13.74x
INTEREST COVERAGE RATIO AVG 15Y
12.24x
INTEREST COVERAGE RATIO AVG 20Y
11.05x
CURRENT VS TTM AVG
-54.29%
CURRENT VS 3Y AVG
-64.79%
CURRENT VS 5Y AVG
-62.94%
CURRENT VS 10Y AVG
-49.60%
CURRENT VS 15Y AVG
-43.41%
CURRENT VS 20Y AVG
-37.33%
SECTOR MEDIAN · INDUSTRIALS
8.04x
median of 124 covered companies
CURRENT VS SECTOR MEDIAN
-13.81%
vs the sector median at left
Eaton Corporation plc
Market Cap
$161.22B
Interest Coverage Ratio
6.93x
TTM Avg
15.15x
3Y Avg
19.67x
5Y Avg
18.68x
Market Cap
$159.98B
Interest Coverage Ratio
2.65x
TTM Avg
2.65x
3Y Avg
4.00x
5Y Avg
5.65x
Market Cap
$170.83B
Interest Coverage Ratio
-1.95x
TTM Avg
26.98x
3Y Avg
25.59x
5Y Avg
23.64x
Market Cap
$149.69B
Interest Coverage Ratio
6.86x
TTM Avg
6.63x
3Y Avg
6.63x
5Y Avg
6.63x
Market Cap
$173.55B
Interest Coverage Ratio
7.52x
TTM Avg
7.58x
3Y Avg
7.44x
5Y Avg
7.45x
Market Cap
$179.01B
Interest Coverage Ratio
70.31x
TTM Avg
60.77x
3Y Avg
41.23x
5Y Avg
35.03x
Market Cap
$134.49B
Interest Coverage Ratio
6.92x
TTM Avg
6.84x
3Y Avg
9.09x
5Y Avg
11.17x
Market Cap
$189.10B
Interest Coverage Ratio
12.65x
TTM Avg
13.00x
3Y Avg
18.46x
5Y Avg
20.74x
Market Cap
$123.13B
Interest Coverage Ratio
9.93x
TTM Avg
8.81x
3Y Avg
8.57x
5Y Avg
8.39x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eaton Corporation plc (ETN) | $161.22B | 6.93x | 15.15x | 19.67x | 18.68x |
| Deere & Company (DE)vs › | $159.98B | 2.65x | 2.65x | 4.00x | 5.65x |
| The Boeing Company (BA)vs › | $170.83B | -1.95x | 26.98x | 25.59x | 23.64x |
| Siemens Energy AG (SMEGF)vs › | $149.69B | 6.86x | 6.63x | 6.63x | 6.63x |
| Union Pacific Corporation (UNP)vs › | $173.55B | 7.52x | 7.58x | 7.44x | 7.45x |
| ABB Ltd (ABBNY)vs › | $179.01B | 70.31x | 60.77x | 41.23x | 35.03x |
| Lockheed Martin Corporation (LMT)vs › | $134.49B | 6.92x | 6.84x | 9.09x | 11.17x |
| Schneider Electric S.E. (SBGSY)vs › | $189.10B | 12.65x | 13.00x | 18.46x | 20.74x |
| Parker-Hannifin Corporation (PH)vs › | $123.13B | 9.93x | 8.81x | 8.57x | 8.39x |
| Howmet Aerospace Inc. (HWM)vs › | $112.93B | 14.11x | 11.65x | 8.38x | 6.52x |
Interest Coverage
6.9x
Debt/Equity
0.57
Current Ratio
1.32
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 | 6.93x |
| 2026-03-31 | 11.06x |
| 2025-12-31 | 19.67x |
| 2025-09-30 | 20.40x |
| 2025-06-30 | 17.69x |
| 2025-03-31 | 21.95x |
| 2024-12-31 | 28.41x |
| 2024-09-30 | 38.15x |
| 2024-06-30 | 202.83x |
| 2024-03-31 | 19.00x |
| 2023-12-31 | 18.27x |
| 2023-09-30 | 20.87x |
| 2023-06-30 | 19.48x |
| 2023-03-31 | 12.92x |
| 2022-12-31 | 11.97x |
| 2022-06-30 | 131.17x |
| 2022-03-31 | 27.67x |
| 2021-12-31 | 17.27x |
| 2021-09-30 | 161.80x |
| 2021-06-30 | 5.93x |
| 2020-12-31 | 3.96x |
| 2020-09-30 | 6.97x |
| 2020-06-30 | 5.39x |
| 2019-12-31 | 14.91x |
| 2019-09-30 | 14.96x |
| 2019-06-30 | 12.56x |
| 2019-03-31 | 10.12x |
| 2018-12-31 | 11.80x |
| 2018-09-30 | 11.82x |
| 2018-06-30 | 11.38x |
| 2018-03-31 | 9.10x |
| 2017-12-31 | 11.14x |
| 2017-09-30 | 11.73x |
| 2017-06-30 | 10.75x |
| 2017-03-31 | 8.77x |
| 2016-12-31 | 10.60x |
| 2016-09-30 | 10.93x |
| 2016-06-30 | 10.79x |
| 2016-03-31 | 8.44x |
| 2015-12-31 | 9.60x |
| 2015-09-30 | 9.20x |
| 2015-06-30 | 10.81x |
| 2015-03-31 | 9.77x |
| 2014-12-31 | 12.24x |
| 2014-09-30 | 12.29x |
| 2014-06-30 | 10.73x |
| 2014-03-31 | 8.23x |
| 2013-12-31 | 7.74x |
| 2013-09-30 | 9.38x |
| 2013-06-30 | 8.61x |
| 2013-03-31 | 6.20x |
| 2012-12-31 | 2.41x |
| 2012-09-30 | 9.86x |
| 2012-06-30 | 15.23x |
| 2012-03-31 | 14.25x |
| 2011-12-31 | 15.69x |
| 2011-09-30 | 15.55x |
| 2011-06-30 | 13.65x |
| 2011-03-31 | 10.97x |
| 2010-12-31 | 9.91x |
| 2010-09-30 | 10.18x |
| 2010-06-30 | 8.35x |
| 2010-03-31 | 6.11x |
| 2009-12-31 | 5.88x |
| 2009-09-30 | 5.21x |
| 2009-06-30 | 1.54x |
| 2009-03-31 | -0.46x |
| 2008-06-30 | 8.98x |
| 2008-03-31 | 8.50x |
