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 4.79x is 53% below its 5-year average of 10.17x, near the low end of its 5-year range (1.91x–19.25x).
As of the fiscal period ended Tuesday, June 30, 2026. 16.46% above its 12-month average of 4.11x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
4.79x
INTEREST COVERAGE RATIO AVG TTM
4.11x
INTEREST COVERAGE RATIO AVG 3Y
6.47x
INTEREST COVERAGE RATIO AVG 5Y
10.17x
INTEREST COVERAGE RATIO AVG 10Y
14.29x
INTEREST COVERAGE RATIO AVG 15Y
15.09x
INTEREST COVERAGE RATIO AVG 20Y
13.67x
CURRENT VS TTM AVG
+16.46%
CURRENT VS 3Y AVG
-26.04%
CURRENT VS 5Y AVG
-52.93%
CURRENT VS 10Y AVG
-66.51%
CURRENT VS 15Y AVG
-68.28%
CURRENT VS 20Y AVG
-64.98%
SECTOR MEDIAN · INDUSTRIALS
7.81x
median of 122 covered companies
CURRENT VS SECTOR MEDIAN
-38.77%
vs the sector median at left
Honeywell International Inc.
Market Cap
$77.03B
Interest Coverage Ratio
4.79x
TTM Avg
4.11x
3Y Avg
6.47x
5Y Avg
10.17x
Market Cap
$77.07B
Interest Coverage Ratio
6.44x
TTM Avg
6.74x
3Y Avg
6.32x
5Y Avg
7.04x
Market Cap
$76.95B
Interest Coverage Ratio
7.21x
TTM Avg
7.11x
3Y Avg
8.96x
5Y Avg
8.95x
Market Cap
$78.14B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
Market Cap
$75.35B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$72.73B
Interest Coverage Ratio
12.43x
TTM Avg
10.07x
3Y Avg
9.09x
5Y Avg
8.90x
Market Cap
$81.89B
Interest Coverage Ratio
24.52x
TTM Avg
23.93x
3Y Avg
21.15x
5Y Avg
19.43x
Market Cap
$82.56B
Interest Coverage Ratio
14.44x
TTM Avg
14.75x
3Y Avg
15.84x
5Y Avg
15.76x
Market Cap
$70.16B
Interest Coverage Ratio
2.65x
TTM Avg
2.64x
3Y Avg
2.43x
5Y Avg
2.15x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Honeywell International Inc. (HON) | $77.03B | 4.79x | 4.11x | 6.47x | 10.17x |
| Northrop Grumman Corporation (NOC)vs › | $77.07B | 6.44x | 6.74x | 6.32x | 7.04x |
| Canadian National Railway Company (CNI)vs › | $76.95B | 7.21x | 7.11x | 8.96x | 8.95x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 6.40x | 6.44x | 5.92x | 6.36x |
| Norfolk Southern Corporation (NSC)vs › | $75.35B | 5.06x | 4.86x | 5.11x | 5.44x |
| FedEx Corporation (FDX)vs › | $72.73B | 12.43x | 10.07x | 9.09x | 8.90x |
| Cintas Corporation (CTAS)vs › | $81.89B | 24.52x | 23.93x | 21.15x | 19.43x |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 14.44x | 14.75x | 15.84x | 15.76x |
| TransDigm Group Incorporated (TDG)vs › | $70.16B | 2.65x | 2.64x | 2.43x | 2.15x |
| Emerson Electric Co. (EMR)vs › | $83.91B | 9.13x | 8.69x | 9.57x | 11.00x |
Interest Coverage
4.8x
Debt/Equity
2.24
Current Ratio
1.32
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 | 4.79x |
| 2026-03-31 | 2.49x |
| 2025-12-31 | 1.91x |
| 2025-09-30 | 4.95x |
| 2025-06-30 | 6.41x |
| 2025-03-31 | 6.94x |
| 2024-12-31 | 6.32x |
| 2024-09-30 | 6.68x |
| 2024-06-30 | 7.91x |
| 2024-03-31 | 8.45x |
| 2023-12-31 | 7.84x |
| 2023-09-30 | 9.35x |
| 2023-06-30 | 10.07x |
| 2023-03-31 | 9.95x |
| 2022-12-31 | 12.59x |
| 2022-09-30 | 17.78x |
| 2022-06-30 | 18.40x |
| 2022-03-31 | 14.95x |
| 2021-12-31 | 18.98x |
| 2021-09-30 | 17.50x |
| 2021-06-30 | 19.25x |
| 2021-03-31 | 16.77x |
| 2020-12-31 | 17.64x |
| 2020-09-30 | 12.98x |
| 2020-06-30 | 11.31x |
| 2020-03-31 | 23.16x |
| 2019-12-31 | 18.63x |
| 2019-09-30 | 18.25x |
| 2019-06-30 | 20.73x |
| 2019-03-31 | 19.32x |
| 2018-12-31 | 16.89x |
| 2018-09-30 | 16.99x |
| 2018-06-30 | 18.71x |
| 2018-03-31 | 20.80x |
| 2017-12-31 | 21.19x |
| 2017-09-30 | 19.05x |
| 2017-06-30 | 20.23x |
| 2017-03-31 | 20.55x |
| 2016-12-31 | 18.76x |
| 2016-09-30 | 18.71x |
| 2016-06-30 | 21.66x |
| 2016-03-31 | 19.94x |
| 2015-12-31 | 20.63x |
| 2015-09-30 | 24.38x |
| 2015-06-30 | 22.32x |
| 2015-03-31 | 21.05x |
| 2014-12-31 | 15.12x |
| 2014-09-30 | 21.25x |
| 2014-06-30 | 19.77x |
| 2014-03-31 | 17.38x |
| 2013-12-31 | 16.11x |
| 2013-09-30 | 18.29x |
| 2013-06-30 | 17.31x |
| 2013-03-31 | 15.67x |
| 2012-12-31 | 4.33x |
| 2012-09-30 | 14.73x |
| 2012-06-30 | 14.79x |
| 2012-03-31 | 13.44x |
| 2011-12-31 | -6.35x |
| 2011-09-30 | 10.69x |
| 2011-06-30 | 12.23x |
| 2011-03-31 | 10.26x |
| 2010-12-31 | 11.09x |
| 2010-09-30 | 8.75x |
| 2010-06-30 | 9.33x |
| 2010-03-31 | 7.54x |
| 2009-12-31 | 9.64x |
| 2009-09-30 | 7.90x |
| 2009-06-30 | 6.50x |
| 2009-03-31 | 5.66x |
| 2008-09-30 | 4.38x |
| 2008-06-30 | 9.23x |
| 2008-03-31 | 8.42x |
