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 40.35x is 42% above its 5-year average of 28.51x, near the high end of its 5-year range (15.18x–40.35x).
As of the fiscal period ended Tuesday, June 30, 2026. 19.19% above its 12-month average of 33.85x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
40.35x
INTEREST COVERAGE RATIO AVG TTM
33.85x
INTEREST COVERAGE RATIO AVG 3Y
32.38x
INTEREST COVERAGE RATIO AVG 5Y
28.51x
INTEREST COVERAGE RATIO AVG 10Y
21.18x
INTEREST COVERAGE RATIO AVG 15Y
31.99x
INTEREST COVERAGE RATIO AVG 20Y
50.27x
CURRENT VS TTM AVG
+19.19%
CURRENT VS 3Y AVG
+24.60%
CURRENT VS 5Y AVG
+41.55%
CURRENT VS 10Y AVG
+90.55%
CURRENT VS 15Y AVG
+26.14%
CURRENT VS 20Y AVG
-19.73%
SECTOR MEDIAN · INDUSTRIALS
8.04x
median of 124 covered companies
CURRENT VS SECTOR MEDIAN
+402.18%
vs the sector median at left
W.W. Grainger, Inc.
Market Cap
$60.32B
Interest Coverage Ratio
40.35x
TTM Avg
33.85x
3Y Avg
32.38x
5Y Avg
28.51x
Market Cap
$60.07B
Interest Coverage Ratio
8.57x
TTM Avg
8.30x
3Y Avg
6.70x
5Y Avg
5.65x
Market Cap
$59.64B
Interest Coverage Ratio
145.70x
TTM Avg
129.21x
3Y Avg
79.42x
5Y Avg
62.41x
Market Cap
$59.49B
Interest Coverage Ratio
267.05x
TTM Avg
236.95x
3Y Avg
179.28x
5Y Avg
160.05x
Market Cap
$58.14B
Interest Coverage Ratio
23.82x
TTM Avg
19.79x
3Y Avg
19.62x
5Y Avg
17.78x
Market Cap
$64.60B
Interest Coverage Ratio
1.35x
TTM Avg
0.86x
3Y Avg
0.86x
5Y Avg
0.86x
Market Cap
$66.01B
Interest Coverage Ratio
5.79x
TTM Avg
5.83x
3Y Avg
5.81x
5Y Avg
5.84x
Market Cap
$53.41B
Interest Coverage Ratio
3.98x
TTM Avg
3.98x
3Y Avg
3.98x
5Y Avg
3.98x
Market Cap
$53.38B
Interest Coverage Ratio
3.60x
TTM Avg
3.29x
3Y Avg
3.30x
5Y Avg
4.95x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| W.W. Grainger, Inc. (GWW) | $60.32B | 40.35x | 33.85x | 32.38x | 28.51x |
| Delta Air Lines, Inc. (DAL)vs › | $60.07B | 8.57x | 8.30x | 6.70x | 5.65x |
| Comfort Systems USA, Inc. (FIX)vs › | $59.64B | 145.70x | 129.21x | 79.42x | 62.41x |
| Fastenal Company (FAST)vs › | $59.49B | 267.05x | 236.95x | 179.28x | 160.05x |
| AMETEK, Inc. (AME)vs › | $58.14B | 23.82x | 19.79x | 19.62x | 17.78x |
| Bloom Energy Corporation (BE)vs › | $64.60B | 1.35x | 0.86x | 0.86x | 0.86x |
| Republic Services, Inc. (RSG)vs › | $66.01B | 5.79x | 5.83x | 5.81x | 5.84x |
| Honeywell Aerospace Inc (HONA)vs › | $53.41B | 3.98x | 3.98x | 3.98x | 3.98x |
| L3Harris Technologies, Inc. (LHX)vs › | $53.38B | 3.60x | 3.29x | 3.30x | 4.95x |
| Carrier Global Corporation (CARR)vs › | $52.77B | 5.53x | 4.58x | 5.55x | 6.80x |
Interest Coverage
40.4x
Debt/Equity
0.29
Current Ratio
2.81
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 | 40.35x |
| 2026-03-31 | 37.76x |
| 2025-12-31 | 31.70x |
| 2025-09-30 | 25.55x |
| 2025-06-30 | 33.90x |
| 2025-03-31 | 32.00x |
| 2024-12-31 | 37.24x |
| 2024-09-30 | 36.11x |
| 2024-06-30 | 32.45x |
| 2024-03-31 | 31.86x |
| 2023-12-31 | 24.22x |
| 2023-09-30 | 30.32x |
| 2023-06-30 | 27.54x |
| 2023-03-31 | 28.33x |
| 2022-12-31 | 23.65x |
| 2022-09-30 | 24.12x |
| 2022-06-30 | 24.27x |
| 2022-03-31 | 23.22x |
| 2021-12-31 | 18.95x |
| 2021-09-30 | 19.91x |
| 2021-06-30 | 15.18x |
| 2021-03-31 | 17.05x |
| 2020-12-31 | 13.10x |
| 2020-09-30 | 16.52x |
| 2020-06-30 | 7.32x |
| 2020-03-31 | 7.57x |
| 2019-12-31 | 9.53x |
| 2019-09-30 | 16.10x |
| 2019-06-30 | 17.27x |
| 2019-03-31 | 17.29x |
| 2018-12-31 | 16.06x |
| 2018-09-30 | 8.60x |
| 2018-06-30 | 14.96x |
| 2018-03-31 | 13.39x |
| 2017-12-31 | 11.00x |
| 2017-09-30 | 11.82x |
| 2017-06-30 | 10.33x |
| 2017-03-31 | 15.79x |
| 2016-12-31 | 9.80x |
| 2016-09-30 | 17.90x |
| 2016-06-30 | 18.18x |
| 2016-03-31 | 23.10x |
| 2015-12-31 | 18.17x |
| 2015-09-30 | 24.51x |
| 2015-06-30 | 85.26x |
| 2015-03-31 | 214.70x |
| 2014-12-31 | 127.15x |
| 2014-09-30 | 162.18x |
| 2014-06-30 | 123.59x |
| 2014-03-31 | 123.76x |
| 2013-12-31 | 82.22x |
| 2013-09-30 | 92.85x |
| 2013-06-30 | 109.36x |
| 2013-03-31 | 108.43x |
| 2012-12-31 | 48.22x |
| 2012-09-30 | 53.53x |
| 2012-06-30 | 107.90x |
| 2012-03-31 | 99.56x |
| 2011-12-31 | 83.46x |
| 2011-09-30 | 117.50x |
| 2011-06-30 | 133.98x |
| 2011-03-31 | 139.84x |
| 2010-12-31 | 106.61x |
| 2010-09-30 | 128.59x |
| 2010-06-30 | 96.81x |
| 2010-03-31 | 90.09x |
| 2009-12-31 | 81.38x |
| 2009-09-30 | 84.95x |
| 2009-06-30 | 66.41x |
| 2009-03-31 | 71.78x |
| 2008-12-31 | 26.13x |
| 2008-09-30 | 83.65x |
| 2008-06-30 | 406.23x |
| 2003-12-31 | 25.27x |
| 2003-03-31 | 27.18x |
| 2002-12-31 | 37.54x |
