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 14.92x is 19% above its 5-year average of 12.59x, around the middle of its 5-year range (8.75x–20.70x).
As of the fiscal period ended Sunday, May 31, 2026. 17.01% above its 12-month average of 12.75x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
14.92x
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
+17.01%
CURRENT VS 3Y AVG
+2.69%
CURRENT VS 5Y AVG
+18.54%
CURRENT VS 10Y AVG
+41.34%
CURRENT VS 15Y AVG
+28.02%
CURRENT VS 20Y AVG
+9.30%
SECTOR MEDIAN · INDUSTRIALS
8.04x
median of 124 covered companies
CURRENT VS SECTOR MEDIAN
+85.71%
vs the sector median at left
FedEx Corporation
Market Cap
$75.37B
Interest Coverage Ratio
14.92x
TTM Avg
12.75x
3Y Avg
14.53x
5Y Avg
12.59x
Market Cap
$75.10B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$76.58B
Interest Coverage Ratio
7.21x
TTM Avg
7.11x
3Y Avg
8.96x
5Y Avg
8.95x
Market Cap
$78.03B
Interest Coverage Ratio
4.89x
TTM Avg
5.63x
3Y Avg
8.73x
5Y Avg
11.48x
Market Cap
$72.38B
Interest Coverage Ratio
5.55x
TTM Avg
5.72x
3Y Avg
6.19x
5Y Avg
5.49x
Market Cap
$80.54B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
Market Cap
$70.06B
Interest Coverage Ratio
8.55x
TTM Avg
82.93x
3Y Avg
443.94x
5Y Avg
473.70x
Market Cap
$81.20B
Interest Coverage Ratio
6.44x
TTM Avg
6.74x
3Y Avg
6.32x
5Y Avg
7.04x
Market Cap
$81.25B
Interest Coverage Ratio
24.52x
TTM Avg
23.93x
3Y Avg
21.15x
5Y Avg
19.43x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 14.92x | 12.75x | 14.53x | 12.59x |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 5.06x | 4.86x | 5.11x | 5.44x |
| Canadian National Railway Company (CNI)vs › | $76.58B | 7.21x | 7.11x | 8.96x | 8.95x |
| Honeywell International Inc. (HON)vs › | $78.03B | 4.89x | 5.63x | 8.73x | 11.48x |
| United Rentals, Inc. (URI)vs › | $72.38B | 5.55x | 5.72x | 6.19x | 5.49x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 6.40x | 6.44x | 5.92x | 6.36x |
| PACCAR Inc (PCAR)vs › | $70.06B | 8.55x | 82.93x | 443.94x | 473.70x |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 6.44x | 6.74x | 6.32x | 7.04x |
| Cintas Corporation (CTAS)vs › | $81.25B | 24.52x | 23.93x | 21.15x | 19.43x |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 2.65x | 2.64x | 2.43x | 2.15x |
Interest Coverage
14.9x
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 |
