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.
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 141 covered companies
CURRENT VS SECTOR MEDIAN
+342.05%
vs the sector median at left
Garmin Ltd.
Market Cap
$57.34B
Interest Coverage Ratio
34.39x
TTM Avg
N/A
3Y Avg
18.14x
5Y Avg
113.82x
Market Cap
$60.52B
Interest Coverage Ratio
9.39x
TTM Avg
15.10x
3Y Avg
10.65x
5Y Avg
10.79x
Market Cap
$61.31B
Interest Coverage Ratio
41.70x
TTM Avg
40.82x
3Y Avg
39.75x
5Y Avg
41.13x
Market Cap
$62.00B
Interest Coverage Ratio
7.10x
TTM Avg
7.84x
3Y Avg
8.23x
5Y Avg
6.85x
Market Cap
$52.38B
Interest Coverage Ratio
21.92x
TTM Avg
24.07x
3Y Avg
24.32x
5Y Avg
23.33x
Market Cap
$62.44B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$52.05B
Interest Coverage Ratio
86.44x
TTM Avg
125.99x
3Y Avg
151.83x
5Y Avg
118.85x
Market Cap
$51.82B
Interest Coverage Ratio
9.88x
TTM Avg
9.90x
3Y Avg
13.53x
5Y Avg
12.93x
Market Cap
$51.44B
Interest Coverage Ratio
N/A
TTM Avg
11.02x
3Y Avg
10.06x
5Y Avg
10.06x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $57.34B | 34.39x | N/A | 18.14x | 113.82x |
| Hewlett Packard Enterprise Company (HPE)vs › | $60.52B | 9.39x | 15.10x | 10.65x | 10.79x |
| TE Connectivity plc (TEL)vs › | $61.31B | 41.70x | 40.82x | 39.75x | 41.13x |
| NXP Semiconductors N.V. (NXPI)vs › | $62.00B | 7.10x | 7.84x | 8.23x | 6.85x |
| Electronic Arts Inc. (EA)vs › | $52.38B | 21.92x | 24.07x | 24.32x | 23.33x |
| Monolithic Power Systems, Inc. (MPWR)vs › | $62.44B | N/A | N/A | N/A | N/A |
| Teradyne, Inc. (TER)vs › | $52.05B | 86.44x | 125.99x | 151.83x | 118.85x |
| Keysight Technologies, Inc. (KEYS)vs › | $51.82B | 9.88x | 9.90x | 13.53x | 12.93x |
| Autodesk, Inc. (ADSK)vs › | $51.44B | N/A | 11.02x | 10.06x | 10.06x |
| Block, Inc. (XYZ)vs › | $48.99B | 23.54x | 102.42x | 102.42x | 69.90x |
Interest Coverage
34.4x
Debt/Equity
0.02
Current Ratio
3.63
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 |
| 2002-06-29 | 2.99x |
