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 114.00x is 61% above its 5-year average of 71.01x, near the high end of its 5-year range (-106.80x–167.00x).
As of the fiscal period ended Friday, June 30, 2023. 13.80% below its 12-month average of 132.25x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2023 (2023-06-30): 114.00x.
INTEREST COVERAGE RATIO
114.00x
INTEREST COVERAGE RATIO AVG TTM
132.25x
INTEREST COVERAGE RATIO AVG 3Y
81.98x
INTEREST COVERAGE RATIO AVG 5Y
71.01x
INTEREST COVERAGE RATIO AVG 10Y
46.49x
INTEREST COVERAGE RATIO AVG 15Y
38.05x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.80%
CURRENT VS 3Y AVG
+39.06%
CURRENT VS 5Y AVG
+60.53%
CURRENT VS 10Y AVG
+145.22%
CURRENT VS 15Y AVG
+199.60%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
3.31x
median of 121 covered companies
CURRENT VS SECTOR MEDIAN
+3344.11%
vs the sector median at left
Innospec Inc.
Market Cap
$2.43B
Interest Coverage Ratio
114.00x
TTM Avg
132.25x
3Y Avg
81.98x
5Y Avg
71.01x
Market Cap
$2.53B
Interest Coverage Ratio
3.81x
TTM Avg
2.91x
3Y Avg
1.98x
5Y Avg
1.87x
Market Cap
$2.57B
Interest Coverage Ratio
2.09x
TTM Avg
5.73x
3Y Avg
12.93x
5Y Avg
16.50x
Market Cap
$2.58B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.76B
Interest Coverage Ratio
30.16x
TTM Avg
26.32x
3Y Avg
25.12x
5Y Avg
28.20x
Market Cap
$2.78B
Interest Coverage Ratio
8.52x
TTM Avg
15.36x
3Y Avg
17.96x
5Y Avg
24.51x
Market Cap
$2.05B
Interest Coverage Ratio
4.80x
TTM Avg
4.70x
3Y Avg
4.79x
5Y Avg
5.05x
Market Cap
$1.85B
Interest Coverage Ratio
N/A
TTM Avg
3.17x
3Y Avg
3.17x
5Y Avg
3.17x
Market Cap
$1.76B
Interest Coverage Ratio
-4.03x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Innospec Inc. (IOSP) | $2.43B | 114.00x | 132.25x | 81.98x | 71.01x |
| Kaiser Aluminum Corporation (KALU)vs › | $2.53B | 3.81x | 2.91x | 1.98x | 1.87x |
| Endeavour Silver Corp. (EXK)vs › | $2.57B | 2.09x | 5.73x | 12.93x | 16.50x |
| Perpetua Resources Corp. (PPTA)vs › | $2.58B | N/A | N/A | N/A | N/A |
| WD-40 Company (WDFC)vs › | $2.76B | 30.16x | 26.32x | 25.12x | 28.20x |
| Hawkins, Inc. (HWKN)vs › | $2.78B | 8.52x | 15.36x | 17.96x | 24.51x |
| Minerals Technologies Inc. (MTX)vs › | $2.05B | 4.80x | 4.70x | 4.79x | 5.05x |
| USA Rare Earth Inc (USAR)vs › | $1.85B | N/A | 3.17x | 3.17x | 3.17x |
| Hycroft Mining Holding Corporation (HYMC)vs › | $1.76B | -4.03x | N/A | N/A | N/A |
| United States Lime & Minerals, Inc. (USLM)vs › | $3.15B | N/A | 200.68x | 164.44x | 140.10x |
Interest Coverage
114.0x
Debt/Equity
0.04
Current Ratio
2.78
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 |
|---|---|
| 2023-06-30 | 114.00x |
| 2022-09-30 | 167.00x |
| 2022-06-30 | 115.75x |
| 2022-03-31 | 110.75x |
| 2021-12-31 | 88.75x |
| 2021-09-30 | 78.50x |
| 2021-06-30 | 123.33x |
| 2021-03-31 | 70.50x |
| 2020-12-31 | 98.00x |
| 2020-09-30 | 42.00x |
| 2020-06-30 | -106.80x |
| 2020-03-31 | 68.17x |
| 2019-12-31 | 62.57x |
| 2019-09-30 | 27.29x |
| 2019-06-30 | 26.42x |
| 2019-03-31 | 24.13x |
| 2018-12-31 | 26.81x |
| 2018-09-30 | 18.56x |
| 2018-06-30 | 15.72x |
| 2018-03-31 | 17.00x |
| 2017-12-31 | 20.21x |
| 2017-09-30 | 14.38x |
| 2017-06-30 | 17.35x |
| 2017-03-31 | 12.00x |
| 2016-12-31 | 32.30x |
| 2016-09-30 | 27.00x |
| 2016-06-30 | 40.86x |
| 2016-03-31 | 32.00x |
| 2015-12-31 | 31.18x |
| 2015-09-30 | 41.20x |
| 2015-06-30 | 63.78x |
| 2015-03-31 | 23.40x |
| 2014-12-31 | 48.89x |
| 2014-09-30 | 28.00x |
| 2014-06-30 | 28.11x |
| 2014-03-31 | 18.00x |
| 2013-12-31 | 29.56x |
| 2013-09-30 | 39.00x |
| 2013-06-30 | 44.60x |
| 2013-03-31 | 55.50x |
| 2012-12-31 | 51.60x |
| 2012-09-30 | 43.25x |
| 2012-06-30 | 80.33x |
| 2012-03-31 | 78.00x |
| 2011-12-31 | 21.36x |
| 2011-09-30 | -25.25x |
| 2011-06-30 | 22.40x |
| 2011-03-31 | 23.90x |
| 2010-12-31 | 11.69x |
| 2010-09-30 | 16.08x |
| 2010-06-30 | 20.67x |
| 2010-03-31 | 8.69x |
| 2009-12-31 | -1.36x |
| 2009-09-30 | -1.21x |
| 2009-06-30 | 3.59x |
| 2009-03-31 | 10.71x |