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 9.89x is 46% below its 5-year average of 18.29x, near the low end of its 5-year range (4.70x–128.05x).
As of the fiscal period ended Friday, July 31, 2026. 7.96% above its 12-month average of 9.16x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
9.89x
INTEREST COVERAGE RATIO AVG TTM
9.16x
INTEREST COVERAGE RATIO AVG 3Y
7.70x
INTEREST COVERAGE RATIO AVG 5Y
18.29x
INTEREST COVERAGE RATIO AVG 10Y
21.49x
INTEREST COVERAGE RATIO AVG 15Y
31.54x
INTEREST COVERAGE RATIO AVG 20Y
36.11x
CURRENT VS TTM AVG
+7.96%
CURRENT VS 3Y AVG
+28.55%
CURRENT VS 5Y AVG
-45.91%
CURRENT VS 10Y AVG
-53.97%
CURRENT VS 15Y AVG
-68.64%
CURRENT VS 20Y AVG
-72.60%
SECTOR MEDIAN · INDUSTRIALS
7.78x
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+27.16%
vs the sector median at left
HEICO Corporation
Market Cap
$46.95B
Interest Coverage Ratio
9.89x
TTM Avg
9.16x
3Y Avg
7.70x
5Y Avg
18.29x
Market Cap
$45.74B
Interest Coverage Ratio
10.87x
TTM Avg
11.70x
3Y Avg
11.02x
5Y Avg
10.15x
Market Cap
$48.18B
Interest Coverage Ratio
9.12x
TTM Avg
8.74x
3Y Avg
10.37x
5Y Avg
10.03x
Market Cap
$48.34B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$48.50B
Interest Coverage Ratio
5.53x
TTM Avg
4.58x
3Y Avg
5.55x
5Y Avg
6.80x
Market Cap
$45.24B
Interest Coverage Ratio
17.17x
TTM Avg
15.45x
3Y Avg
15.04x
5Y Avg
17.58x
Market Cap
$48.78B
Interest Coverage Ratio
3.60x
TTM Avg
3.29x
3Y Avg
3.30x
5Y Avg
4.95x
Market Cap
$44.99B
Interest Coverage Ratio
9.32x
TTM Avg
15.13x
3Y Avg
35.99x
5Y Avg
39.17x
Market Cap
$49.26B
Interest Coverage Ratio
-0.66x
TTM Avg
15.52x
3Y Avg
15.52x
5Y Avg
15.52x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI) | $46.95B | 9.89x | 9.16x | 7.70x | 18.29x |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | 10.87x | 11.70x | 11.02x | 10.15x |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 9.12x | 8.74x | 10.37x | 10.03x |
| HEICO Corporation (HEI-A)vs › | $48.34B | 7.85x | 6.72x | 24.68x | 30.27x |
| Carrier Global Corporation (CARR)vs › | $48.50B | 5.53x | 4.58x | 5.55x | 6.80x |
| Ferguson plc (FERG)vs › | $45.24B | 17.17x | 15.45x | 15.04x | 17.58x |
| L3Harris Technologies, Inc. (LHX)vs › | $48.78B | 3.60x | 3.29x | 3.30x | 4.95x |
| Paychex, Inc. (PAYX)vs › | $44.99B | 9.32x | 15.13x | 35.99x | 39.17x |
| Axon Enterprise, Inc. (AXON)vs › | $49.26B | -0.66x | 15.52x | 15.52x | 15.52x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.21B | 8.31x | 8.16x | 6.89x | 6.04x |
Interest Coverage
9.9x
Debt/Equity
0.51
Current Ratio
2.72
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 |
|---|---|
| 2026-07-31 | 9.89x |
| 2026-04-30 | 10.26x |
| 2026-01-31 | 8.81x |
| 2025-10-31 | 8.49x |
| 2025-07-31 | 8.36x |
| 2025-04-30 | 7.67x |
| 2025-01-31 | 7.10x |
| 2024-10-31 | 6.76x |
| 2024-07-31 | 5.73x |
| 2024-04-30 | 5.26x |
| 2024-01-31 | 4.70x |
| 2023-10-31 | 4.72x |
| 2023-07-31 | 12.29x |
| 2023-04-30 | 13.85x |
| 2023-01-31 | 21.59x |
| 2022-10-31 | 44.38x |
| 2022-07-31 | 89.85x |
| 2022-04-30 | 123.59x |
| 2022-01-31 | 128.05x |
| 2021-10-31 | 111.74x |
| 2021-07-31 | 59.49x |
| 2021-04-30 | 46.75x |
| 2021-01-31 | 33.14x |
| 2020-10-31 | 35.54x |
| 2020-07-31 | 25.92x |
| 2020-04-30 | 28.98x |
| 2020-01-31 | 26.01x |
| 2019-10-31 | 22.98x |
| 2019-07-31 | 21.74x |
| 2019-04-30 | 21.96x |
| 2019-01-31 | 18.20x |
| 2018-10-31 | 20.95x |
| 2018-07-31 | 19.32x |
| 2018-04-30 | 18.57x |
| 2018-01-31 | 16.34x |
| 2017-10-31 | 26.16x |
| 2017-07-31 | 31.58x |
| 2017-04-30 | 39.50x |
| 2017-01-31 | 33.25x |
| 2016-10-31 | 38.10x |
| 2016-07-31 | 30.87x |
| 2016-04-30 | 28.63x |
| 2016-01-31 | 33.58x |
| 2015-10-31 | 53.87x |
| 2015-07-31 | 53.78x |
| 2015-04-30 | 48.68x |
| 2015-01-31 | 41.73x |
| 2014-10-31 | 41.13x |
| 2014-07-31 | 34.70x |
| 2014-04-30 | 34.12x |
| 2014-01-31 | 39.33x |
| 2013-10-31 | 47.20x |
| 2013-07-31 | 44.13x |
| 2013-04-30 | 55.65x |
| 2013-01-31 | 54.59x |
| 2012-10-31 | 74.04x |
| 2012-07-31 | 76.91x |
| 2012-04-30 | 57.49x |
| 2012-01-31 | 61.69x |
| 2011-10-31 | 870.70x |
| 2011-07-31 | 5100.86x |
| 2011-04-30 | 866.13x |
| 2011-01-31 | 599.48x |
| 2010-10-31 | 345.10x |
| 2010-07-31 | 213.18x |
| 2010-04-30 | 155.43x |
| 2010-01-31 | 206.25x |
| 2009-10-31 | 183.67x |
| 2009-07-31 | 121.03x |
| 2009-04-30 | 190.35x |
| 2009-01-31 | 110.02x |
| 2008-07-31 | 61.91x |
| 2008-04-30 | 40.87x |
| 2008-01-31 | 26.95x |