Interest Coverage Ratio: 11.67x
Is the interest coverage ratio high or low?
The interest coverage ratio of 11.67x is 70% above its 5-year average of 6.85x, near the high end of its 5-year range (-70.20x–33.17x).
As of Monday, June 29, 2026. 13.63% below its 12-month average of 13.51x.
ITRI Interest Coverage Ratio
Reported quarterly interest coverage; no daily interpolation.
ITRI Average Interest Coverage Ratio Chart
ITRI Current vs Average Interest Coverage Ratio Chart
ITRI Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
11.67x
INTEREST COVERAGE RATIO AVG TTM
13.51x
INTEREST COVERAGE RATIO AVG 3Y
18.33x
INTEREST COVERAGE RATIO AVG 5Y
12.33x
INTEREST COVERAGE RATIO AVG 10Y
7.64x
INTEREST COVERAGE RATIO AVG 15Y
7.09x
INTEREST COVERAGE RATIO AVG 20Y
5.78x
CURRENT VS TTM AVG
-13.63%
CURRENT VS 3Y AVG
-36.32%
CURRENT VS 5Y AVG
-5.33%
CURRENT VS 10Y AVG
+52.79%
CURRENT VS 15Y AVG
+64.51%
CURRENT VS 20Y AVG
+101.81%
ITRI Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Itron, Inc. (ITRI) | $3.72B | 11.67x | 13.51x | 18.33x | 12.33x |
| monday.com Ltd. (MNDY)vs › | $3.76B | N/A | N/A | N/A | N/A |
| Keel Infrastructure Corp. (KEEL)vs › | $3.64B | -17.35x | 18.61x | 9.52x | 9.52x |
| Bill.com Holdings, Inc. (BILL)vs › | $3.54B | -4.34x | N/A | N/A | N/A |
| ZoomInfo Technologies Inc. (ZI)vs › | $3.42B | 5.30x | 3.89x | 4.30x | 3.39x |
| Ichor Holdings, Ltd. (ICHR)vs › | $3.28B | -5.93x | 10.16x | 6.62x | 7.93x |
| AXT, Inc. (AXTI)vs › | $3.25B | -17.48x | 36.13x | 31.43x | 31.43x |
| EPAM Systems, Inc. (EPAM)vs › | $4.22B | N/A | 314.02x | 314.02x | 314.02x |
| Veeco Instruments Inc. (VECO)vs › | $4.33B | 3.91x | 4.98x | 5.29x | 4.01x |
| Klaviyo, Inc. (KVYO)vs › | $4.45B | N/A | N/A | N/A | N/A |
Financial Health Indicators
Interest Coverage
11.7x
Debt/Equity
0.75
Current Ratio
1.80
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 Itron, Inc. (ITRI)?
- The interest coverage ratio for ITRI stock is 11.67x.
- Is Itron, Inc.'s interest coverage ratio high or low?
- The interest coverage ratio of 11.67x is 70% above its 5-year average of 6.85x, near the high end of its 5-year range (-70.20x–33.17x).
- What is the TTM average interest coverage ratio for Itron, Inc. (ITRI)?
- The TTM average interest coverage ratio for ITRI stock is 13.51x.
- What is the 3Y average interest coverage ratio for Itron, Inc. (ITRI)?
- The 3Y average interest coverage ratio for ITRI stock is 18.33x.
- What is the 5Y average interest coverage ratio for Itron, Inc. (ITRI)?
- The 5Y average interest coverage ratio for ITRI stock is 12.33x.
- What is the 10Y average interest coverage ratio for Itron, Inc. (ITRI)?
- The 10Y average interest coverage ratio for ITRI stock is 7.64x.
- What is the 15Y average interest coverage ratio for Itron, Inc. (ITRI)?
- The 15Y average interest coverage ratio for ITRI stock is 7.09x.
- What is the 20Y average interest coverage ratio for Itron, Inc. (ITRI)?
- The 20Y average interest coverage ratio for ITRI stock is 5.78x.
ITRI Interest Coverage Ratio History
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2026-03-31 | 11.67x |
| 2025-12-31 | 7.18x |
| 2025-09-30 | 21.42x |
| 2025-06-30 | 13.75x |
| 2025-03-31 | 13.54x |
| 2024-12-31 | 11.22x |
| 2024-09-30 | 13.19x |
| 2024-06-30 | 28.23x |
| 2024-03-31 | 33.17x |
| 2023-12-31 | 26.35x |
| 2023-09-30 | 22.45x |
| 2023-06-30 | 17.75x |
| 2023-03-31 | -5.05x |
| 2022-12-31 | 6.91x |
| 2022-09-30 | 4.10x |
| 2022-06-30 | -20.20x |
| 2022-03-31 | 4.28x |
| 2021-12-31 | -70.20x |
| 2021-09-30 | 1.58x |
| 2021-06-30 | -0.50x |
| 2021-03-31 | 2.95x |
| 2020-12-31 | 3.19x |
| 2020-09-30 | -2.22x |
| 2020-06-30 | -3.88x |
| 2020-03-31 | 2.34x |
| 2019-12-31 | 2.30x |
| 2019-09-30 | 3.06x |
| 2019-06-30 | 3.23x |
| 2019-03-31 | 1.54x |
| 2018-12-31 | 2.05x |
| 2018-09-30 | 2.94x |
| 2018-06-30 | 1.40x |
| 2018-03-31 | -9.06x |
| 2017-12-31 | 15.38x |
| 2017-09-30 | 11.03x |
| 2017-06-30 | 11.03x |
| 2017-03-31 | 9.64x |
| 2016-12-31 | 11.81x |
| 2016-09-30 | 2.38x |
| 2016-06-30 | 12.97x |
| 2016-03-31 | 8.08x |
| 2015-12-31 | 5.55x |
| 2015-09-30 | 9.62x |
| 2015-06-30 | -1.03x |
| 2015-03-31 | 5.03x |
| 2014-12-31 | -18.97x |
| 2014-09-30 | 5.46x |
| 2014-06-30 | 10.96x |
| 2014-03-31 | 1.56x |
| 2013-12-31 | -47.08x |
| 2013-09-30 | -2.28x |
| 2013-06-30 | 9.14x |
| 2013-03-31 | 1.44x |
| 2012-12-31 | 8.21x |
| 2012-09-30 | 18.02x |
| 2012-06-30 | 17.68x |
| 2012-03-31 | 16.26x |
| 2011-12-31 | -24.39x |
| 2011-09-30 | -46.06x |
| 2011-06-30 | 4.21x |
| 2011-03-31 | 4.13x |
| 2010-12-31 | 2.92x |
| 2010-09-30 | 4.61x |
| 2010-06-30 | 3.74x |
| 2010-03-31 | 2.24x |
| 2009-12-31 | 0.90x |
| 2009-09-30 | 0.45x |
| 2009-06-30 | 0.71x |
| 2009-03-30 | 0.53x |
| 2008-12-31 | 0.78x |
| 2008-09-30 | 1.20x |
| 2008-06-30 | 1.40x |
| 2008-03-24 | 0.96x |
About Itron, Inc.
Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Thomas L. Deitrich