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 12.43x is in line with its 5-year average of 12.59x, around the middle of its 5-year range (8.75x–20.70x).
2.53% below its 12-month average of 12.75x.
Reported quarterly interest coverage; no daily interpolation. Q4 FY2026 (2026-05-31): 14.92x.
INTEREST COVERAGE RATIO
12.43x
INTEREST COVERAGE RATIO AVG TTM
12.75x
INTEREST COVERAGE RATIO AVG 3Y
14.53x
INTEREST COVERAGE RATIO AVG 5Y
12.59x
INTEREST COVERAGE RATIO AVG 10Y
10.56x
INTEREST COVERAGE RATIO AVG 15Y
11.66x
INTEREST COVERAGE RATIO AVG 20Y
13.65x
CURRENT VS TTM AVG
-2.53%
CURRENT VS 3Y AVG
-14.46%
CURRENT VS 5Y AVG
-1.25%
CURRENT VS 10Y AVG
+17.74%
CURRENT VS 15Y AVG
+6.64%
CURRENT VS 20Y AVG
-8.95%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
+58.34%
vs the sector median at left
FedEx Corporation
Market Cap
$66.13B
Interest Coverage Ratio
12.43x
TTM Avg
12.75x
3Y Avg
14.53x
5Y Avg
12.59x
Market Cap
$65.45B
Interest Coverage Ratio
5.79x
TTM Avg
5.83x
3Y Avg
5.81x
5Y Avg
5.84x
Market Cap
$67.12B
Interest Coverage Ratio
4.89x
TTM Avg
5.63x
3Y Avg
8.73x
5Y Avg
11.48x
Market Cap
$63.59B
Interest Coverage Ratio
5.55x
TTM Avg
5.72x
3Y Avg
6.19x
5Y Avg
5.49x
Market Cap
$70.34B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$61.82B
Interest Coverage Ratio
2.65x
TTM Avg
2.64x
3Y Avg
2.43x
5Y Avg
2.15x
Market Cap
$60.41B
Interest Coverage Ratio
33.22x
TTM Avg
33.73x
3Y Avg
29.72x
5Y Avg
24.60x
Market Cap
$71.90B
Interest Coverage Ratio
11.75x
TTM Avg
10.95x
3Y Avg
10.33x
5Y Avg
14.73x
Market Cap
$72.31B
Interest Coverage Ratio
6.44x
TTM Avg
6.74x
3Y Avg
6.32x
5Y Avg
7.04x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $66.13B | 12.43x | 12.75x | 14.53x | 12.59x |
| Republic Services, Inc. (RSG)vs › | $65.45B | 5.79x | 5.83x | 5.81x | 5.84x |
| Honeywell International Inc. (HON)vs › | $67.12B | 4.89x | 5.63x | 8.73x | 11.48x |
| United Rentals, Inc. (URI)vs › | $63.59B | 5.55x | 5.72x | 6.19x | 5.49x |
| Norfolk Southern Corporation (NSC)vs › | $70.34B | 5.06x | 4.86x | 5.11x | 5.44x |
| TransDigm Group Incorporated (TDG)vs › | $61.82B | 2.65x | 2.64x | 2.43x | 2.15x |
| W.W. Grainger, Inc. (GWW)vs › | $60.41B | 33.22x | 33.73x | 29.72x | 24.60x |
| Cummins Inc. (CMI)vs › | $71.90B | 11.75x | 10.95x | 10.33x | 14.73x |
| Northrop Grumman Corporation (NOC)vs › | $72.31B | 6.44x | 6.74x | 6.32x | 7.04x |
| Canadian National Railway Company (CNI)vs › | $72.54B | 7.21x | 7.11x | 8.96x | 8.95x |
Interest Coverage
12.4x
Debt/Equity
1.36
Current Ratio
1.48
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 |
|---|---|
| 2026-05-31 | 14.92x |
| 2026-02-28 | 11.70x |
| 2025-11-30 | 10.21x |
| 2025-08-31 | 10.91x |
| 2025-05-31 | 16.02x |
| 2025-02-28 | 12.68x |
| 2024-11-30 | 13.51x |
| 2024-08-31 | 14.38x |
| 2024-05-31 | 20.70x |
| 2024-02-29 | 14.91x |
| 2023-11-30 | 14.65x |
| 2023-08-31 | 17.47x |
| 2023-05-31 | 16.83x |
| 2023-02-28 | 9.57x |
| 2022-11-30 | 9.54x |
| 2022-08-31 | 8.75x |
| 2022-05-31 | 8.97x |
| 2022-02-28 | 8.97x |
| 2021-11-30 | 10.14x |
| 2021-08-31 | 8.93x |
| 2021-05-31 | 10.58x |
| 2021-02-28 | 5.53x |
| 2020-11-30 | 7.84x |
| 2020-08-31 | 8.64x |
| 2020-05-31 | 4.85x |
| 2020-02-29 | 2.65x |
| 2019-11-30 | 4.11x |
| 2019-08-31 | 7.13x |
| 2019-05-31 | 12.00x |
| 2019-02-28 | 6.78x |
| 2018-11-30 | 9.05x |
| 2018-08-31 | 9.56x |
| 2018-05-31 | 11.62x |
| 2018-02-28 | 6.86x |
| 2017-11-30 | 10.18x |
| 2017-08-31 | 9.80x |
| 2017-05-31 | 12.44x |
| 2017-02-28 | 9.04x |
| 2016-11-30 | 10.29x |
| 2016-08-31 | 11.79x |
| 2016-05-31 | -0.70x |
| 2016-02-29 | 10.67x |
| 2015-11-30 | 15.36x |
| 2015-08-31 | 18.16x |
| 2015-02-28 | 16.59x |
| 2014-11-30 | 21.55x |
| 2014-08-31 | 20.56x |
| 2014-02-28 | 16.87x |
| 2013-11-30 | 27.57x |
| 2013-08-31 | 29.44x |
| 2013-02-28 | 65.44x |
| 2012-11-30 | 39.89x |
| 2012-08-31 | 74.20x |
| 2012-02-29 | 67.75x |
| 2011-11-30 | 111.43x |
| 2011-08-31 | 67.00x |
| 2011-05-31 | 74.00x |
| 2011-02-28 | 16.38x |
| 2010-11-30 | 20.39x |
| 2010-08-31 | 34.89x |
| 2010-02-28 | 21.89x |
| 2009-11-30 | 38.07x |
| 2009-08-31 | 17.50x |
| 2009-02-28 | 9.58x |
| 2008-11-30 | 78.40x |
| 2008-08-31 | 70.00x |
| 2008-02-29 | 64.10x |
| 2007-11-30 | 52.20x |
| 2007-08-31 | 32.56x |
