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 2.66x is 99% below its 2-year average of 491.96x, near the low end of its 2-year range (2.01x–1318.28x).
As of the fiscal period ended Monday, September 30, 2024. 99.20% below its 12-month average of 331.55x.
Reported quarterly interest coverage; no daily interpolation. Q3 FY2024 (2024-09-30): 2.66x.
INTEREST COVERAGE RATIO
2.66x
INTEREST COVERAGE RATIO AVG TTM
331.55x
INTEREST COVERAGE RATIO AVG 3Y
N/A
INTEREST COVERAGE RATIO AVG 5Y
N/A
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
-99.20%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.34x
median of 452 covered companies
CURRENT VS SECTOR MEDIAN
+682.32%
vs the sector median at left
Health In Tech, Inc.
Market Cap
$43.62M
Interest Coverage Ratio
2.66x
TTM Avg
331.55x
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.58M
Interest Coverage Ratio
-11.33x
TTM Avg
7174.63x
3Y Avg
7174.63x
5Y Avg
7174.63x
Market Cap
$44.96M
Interest Coverage Ratio
-71.48x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$41.71M
Interest Coverage Ratio
-641.22x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$41.54M
Interest Coverage Ratio
N/A
TTM Avg
0.77x
3Y Avg
0.77x
5Y Avg
0.77x
Market Cap
$41.30M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$46.40M
Interest Coverage Ratio
N/A
TTM Avg
1937.00x
3Y Avg
1937.00x
5Y Avg
1937.00x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Health In Tech, Inc. (HIT) | $43.62M | 2.66x | 331.55x | N/A | N/A |
| Rekor Systems, Inc. (REKR)vs › | $44.58M | -11.33x | 7174.63x | 7174.63x | 7174.63x |
| SAIHEAT Limited (SAIH)vs › | $44.71M | N/A | N/A | N/A | N/A |
| Pixelworks, Inc. (PXLW)vs › | $42.32M | N/A | N/A | N/A | N/A |
| Freightos Limited Ordinary shares (CRGO)vs › | $44.96M | -71.48x | N/A | N/A | N/A |
| Phunware, Inc. (PHUN)vs › | $41.71M | -641.22x | N/A | N/A | N/A |
| MIND Technology, Inc. (MIND)vs › | $41.54M | N/A | 0.77x | 0.77x | 0.77x |
| Blaize Holdings Inc. (BZAI)vs › | $41.30M | N/A | N/A | N/A | N/A |
| Acorn Energy, Inc. (ACFN)vs › | $46.40M | N/A | 1937.00x | 1937.00x | 1937.00x |
| Odysight.ai Inc. (ODYS)vs › | $46.64M | N/A | N/A | N/A | N/A |
Interest Coverage
2.7x
Debt/Equity
0.01
Current Ratio
2.17
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 |
|---|---|
| 2024-09-30 | 2.66x |
| 2024-06-30 | 3.24x |
| 2024-03-31 | 2.01x |
| 2023-12-31 | 1318.28x |
| 2023-03-31 | 1133.58x |
