Interest Coverage Ratio: 4.54x
Is the interest coverage ratio high or low?
The interest coverage ratio of 4.54x is 32% below its 5-year average of 6.63x, around the middle of its 5-year range (1.22x–10.22x).
As of Monday, June 29, 2026. 14.95% below its 12-month average of 5.34x.
IR Interest Coverage Ratio
Reported quarterly interest coverage; no daily interpolation.
IR Average Interest Coverage Ratio Chart
IR Current vs Average Interest Coverage Ratio Chart
IR Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
4.54x
INTEREST COVERAGE RATIO AVG TTM
5.34x
INTEREST COVERAGE RATIO AVG 3Y
6.69x
INTEREST COVERAGE RATIO AVG 5Y
6.91x
INTEREST COVERAGE RATIO AVG 10Y
4.39x
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-14.95%
CURRENT VS 3Y AVG
-32.15%
CURRENT VS 5Y AVG
-34.24%
CURRENT VS 10Y AVG
+3.40%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
IR Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ingersoll Rand Inc. (IR) | $31.84B | 4.54x | 5.34x | 6.69x | 6.91x |
| MasTec, Inc. (MTZ)vs › | $31.32B | 3.77x | 3.01x | 1.95x | 3.12x |
| Dover Corporation (DOV)vs › | $30.43B | 12.51x | 10.86x | 10.50x | 10.39x |
| Carpenter Technology Corporation (CRS)vs › | $29.40B | 8.17x | 6.55x | 5.06x | 4.12x |
| Copart, Inc. (CPRT)vs › | $28.28B | N/A | 69.26x | 53.76x | 43.85x |
| EMCOR Group, Inc. (EME)vs › | $35.54B | N/A | 203.40x | 134.26x | 99.82x |
| Otis Worldwide Corporation (OTIS)vs › | $28.08B | 10.88x | 10.88x | 13.22x | 13.72x |
| Paychex, Inc. (PAYX)vs › | $35.79B | 9.32x | 15.13x | 35.99x | 39.17x |
| Xylem Inc. (XYL)vs › | $27.68B | 42.17x | 32.55x | 22.71x | 17.22x |
| Curtiss-Wright Corporation (CW)vs › | $27.61B | 14.79x | 13.29x | 11.25x | 10.42x |
Financial Health Indicators
Interest Coverage
4.5x
Debt/Equity
0.48
Current Ratio
2.06
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Ingersoll Rand Inc. (IR)?
- The interest coverage ratio for IR stock is 4.54x.
- Is Ingersoll Rand Inc.'s interest coverage ratio high or low?
- The interest coverage ratio of 4.54x is 32% below its 5-year average of 6.63x, around the middle of its 5-year range (1.22x–10.22x).
- What is the TTM average interest coverage ratio for Ingersoll Rand Inc. (IR)?
- The TTM average interest coverage ratio for IR stock is 5.34x.
- What is the 3Y average interest coverage ratio for Ingersoll Rand Inc. (IR)?
- The 3Y average interest coverage ratio for IR stock is 6.69x.
- What is the 5Y average interest coverage ratio for Ingersoll Rand Inc. (IR)?
- The 5Y average interest coverage ratio for IR stock is 6.91x.
- What is the 10Y average interest coverage ratio for Ingersoll Rand Inc. (IR)?
- The 10Y average interest coverage ratio for IR stock is 4.39x.
IR Interest Coverage Ratio History
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2026-03-31 | 4.54x |
| 2025-12-31 | 10.22x |
| 2025-09-30 | 5.77x |
| 2025-06-30 | 1.22x |
| 2025-03-31 | 4.94x |
| 2024-12-31 | 6.13x |
| 2024-09-30 | 5.58x |
| 2024-06-30 | 5.35x |
| 2024-03-31 | 7.97x |
| 2023-12-31 | 8.91x |
| 2023-09-30 | 8.04x |
| 2023-06-30 | 6.68x |
| 2023-03-31 | 6.18x |
| 2022-12-31 | 7.93x |
| 2022-09-30 | 7.14x |
| 2022-06-30 | 8.51x |
| 2022-03-31 | 8.26x |
| 2021-12-31 | 7.24x |
| 2021-09-30 | 7.28x |
| 2021-06-30 | 6.17x |
| 2021-03-31 | 5.25x |
| 2020-12-31 | 5.34x |
| 2020-09-30 | 2.40x |
| 2020-06-30 | -1.46x |
| 2020-03-31 | -2.81x |
| 2019-12-31 | 2.28x |
| 2019-09-30 | 3.14x |
| 2019-06-30 | 3.33x |
| 2019-03-31 | 3.58x |
| 2018-12-31 | 5.81x |
| 2018-09-30 | 4.82x |
| 2018-06-30 | 3.89x |
| 2018-03-31 | 3.45x |
| 2017-12-31 | 3.08x |
| 2017-09-30 | 3.19x |
| 2017-06-30 | -2.57x |
| 2017-03-31 | 0.80x |
| 2016-12-31 | 0.93x |
| 2016-09-30 | 0.47x |
| 2016-06-30 | 0.61x |
| 2016-03-31 | 0.45x |
| 2012-09-30 | 23.83x |
About Ingersoll Rand Inc.
Ingersoll Rand Inc., established in 1859 and headquartered in Davidson, North Carolina, delivers essential air, fluid, energy, medical, and specialized vehicle technologies to customers across the United States, Europe, the Middle East, Africa, and the Asia Pacific regions. The company operates through two primary divisions: Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services division is responsible for the design, production, sales, and maintenance of various air and gas compression, vacuum, and blower solutions, alongside fluid handling and loading systems, power tools, and lifting apparatus. This segment also encompasses all related spare parts, consumables, air purification systems, controls, additional accessories, and support services. Meanwhile, the Precision and Science Technologies segment focuses on designing, manufacturing, and marketing a range of highly specialized positive displacement pumps, advanced fluid management systems, and their associated accessories and aftermarket parts. These solutions are critical for precise liquid and gas operations such as dosing, transfer, dispensing, compression, sampling, pressure regulation, and flow control in demanding or niche environments. Its diverse product portfolio serves a wide array of sectors, including healthcare, scientific research, industrial production, water treatment, chemical processing, advanced irrigation, energy, food and drink, agriculture, and applications involving vacuum and automated fluid handling within manufacturing and industrial settings. Ingersoll Rand distributes its offerings via both its own sales force and a network of independent partners, under numerous well-known brands such as Ingersoll Rand, Gardner Denver, Club Car, CompAir, Nash, Milton Roy, and many others. The company adopted its current name, Ingersoll Rand Inc., in March 2020, having previously been known as Gardner Denver Holdings, Inc.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Vicente Reynal