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IRIngersoll Rand Inc.

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.

Interest Coverage

IR Interest Coverage Ratio

4.54x

Reported quarterly interest coverage; no daily interpolation.

-26.43% 5Y
IR Interest Coverage Ratio

IR Average Interest Coverage Ratio Chart

IR Interest Coverage Ratio

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

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Ingersoll Rand Inc. (IR)$31.84B4.54x5.34x6.69x6.91x
MasTec, Inc. (MTZ)vs ›$31.32B3.77x3.01x1.95x3.12x
Dover Corporation (DOV)vs ›$30.43B12.51x10.86x10.50x10.39x
Carpenter Technology Corporation (CRS)vs ›$29.40B8.17x6.55x5.06x4.12x
Copart, Inc. (CPRT)vs ›$28.28BN/A69.26x53.76x43.85x
EMCOR Group, Inc. (EME)vs ›$35.54BN/A203.40x134.26x99.82x
Otis Worldwide Corporation (OTIS)vs ›$28.08B10.88x10.88x13.22x13.72x
Paychex, Inc. (PAYX)vs ›$35.79B9.32x15.13x35.99x39.17x
Xylem Inc. (XYL)vs ›$27.68B42.17x32.55x22.71x17.22x
Curtiss-Wright Corporation (CW)vs ›$27.61B14.79x13.29x11.25x10.42x

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

DATEINTEREST COVERAGE RATIO
2026-03-314.54x
2025-12-3110.22x
2025-09-305.77x
2025-06-301.22x
2025-03-314.94x
2024-12-316.13x
2024-09-305.58x
2024-06-305.35x
2024-03-317.97x
2023-12-318.91x
2023-09-308.04x
2023-06-306.68x
2023-03-316.18x
2022-12-317.93x
2022-09-307.14x
2022-06-308.51x
2022-03-318.26x
2021-12-317.24x
2021-09-307.28x
2021-06-306.17x
2021-03-315.25x
2020-12-315.34x
2020-09-302.40x
2020-06-30-1.46x
2020-03-31-2.81x
2019-12-312.28x
2019-09-303.14x
2019-06-303.33x
2019-03-313.58x
2018-12-315.81x
2018-09-304.82x
2018-06-303.89x
2018-03-313.45x
2017-12-313.08x
2017-09-303.19x
2017-06-30-2.57x
2017-03-310.80x
2016-12-310.93x
2016-09-300.47x
2016-06-300.61x
2016-03-310.45x
2012-09-3023.83x

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.

Davidson, NC
21,000 employees
Industrials / Industrial - Machinery
Sector
Industrials
Industry
Industrial - Machinery
CEO
Vicente Reynal