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 34.39x is 70% below its 5-year average of 113.82x, near the low end of its 5-year range (1.89x–356.29x).
As of the fiscal period ended Friday, December 31, 2010.
Reported quarterly interest coverage; no daily interpolation. Q4 FY2010 (2010-12-31): 34.39x.
INTEREST COVERAGE RATIO
34.39x
INTEREST COVERAGE RATIO AVG TTM
N/A
INTEREST COVERAGE RATIO AVG 3Y
18.14x
INTEREST COVERAGE RATIO AVG 5Y
113.82x
INTEREST COVERAGE RATIO AVG 10Y
N/A
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
+89.59%
CURRENT VS 5Y AVG
-69.78%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.78x
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
+342.05%
vs the sector median at left
Garmin Ltd.
Market Cap
$54.51B
Interest Coverage Ratio
34.39x
TTM Avg
N/A
3Y Avg
18.14x
5Y Avg
113.82x
Market Cap
$53.89B
Interest Coverage Ratio
-10.31x
TTM Avg
201.07x
3Y Avg
108.40x
5Y Avg
75.26x
Market Cap
$56.47B
Interest Coverage Ratio
28.55x
TTM Avg
29.65x
3Y Avg
39.25x
5Y Avg
32.60x
Market Cap
$57.87B
Interest Coverage Ratio
9.88x
TTM Avg
9.90x
3Y Avg
13.53x
5Y Avg
12.93x
Market Cap
$49.92B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$59.37B
Interest Coverage Ratio
101.29x
TTM Avg
133.41x
3Y Avg
155.54x
5Y Avg
121.32x
Market Cap
$49.48B
Interest Coverage Ratio
3.39x
TTM Avg
2.67x
3Y Avg
3.15x
5Y Avg
6.02x
Market Cap
$59.67B
Interest Coverage Ratio
7.10x
TTM Avg
7.84x
3Y Avg
8.23x
5Y Avg
6.85x
Market Cap
$59.74B
Interest Coverage Ratio
4.74x
TTM Avg
3.50x
3Y Avg
2.10x
5Y Avg
3.09x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $54.51B | 34.39x | N/A | 18.14x | 113.82x |
| Nebius Group N.V. (NBIS)vs › | $53.89B | -10.31x | 201.07x | 108.40x | 75.26x |
| United Microelectronics Corporation (UMC)vs › | $56.47B | 28.55x | 29.65x | 39.25x | 32.60x |
| Keysight Technologies, Inc. (KEYS)vs › | $57.87B | 9.88x | 9.90x | 13.53x | 12.93x |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $49.92B | N/A | N/A | N/A | N/A |
| Teradyne, Inc. (TER)vs › | $59.37B | 101.29x | 133.41x | 155.54x | 121.32x |
| Ciena Corporation (CIEN)vs › | $49.48B | 3.39x | 2.67x | 3.15x | 6.02x |
| NXP Semiconductors N.V. (NXPI)vs › | $59.67B | 7.10x | 7.84x | 8.23x | 6.85x |
| Coherent, Inc. (COHR)vs › | $59.74B | 4.74x | 3.50x | 2.10x | 3.09x |
| Workday, Inc. (WDAY)vs › | $48.64B | 8.98x | 6.31x | 4.74x | 4.74x |
Interest Coverage
34.4x
Debt/Equity
0.02
Current Ratio
3.03
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 |
|---|---|
| 2010-12-31 | 34.39x |
| 2008-12-31 | 1.89x |
| 2007-06-30 | 356.29x |
| 2006-12-31 | 21.85x |
| 2006-04-01 | 260.03x |
| 2005-12-31 | 8.44x |
| 2005-03-26 | 3.70x |
| 2004-12-31 | 1.68x |
| 2004-03-27 | 3.72x |
| 2003-09-27 | 3.20x |
| 2003-06-28 | 16.26x |
