Basis: Trailing twelve months (TTM). 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 10.01x is 48% above its 5-year average of 6.75x, near the low end of its 5-year range (-41.77x–3078.00x).
46.63% below its 12-month average of 18.75x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 4.91x.
INTEREST COVERAGE RATIO
10.01x
INTEREST COVERAGE RATIO AVG TTM
18.75x
INTEREST COVERAGE RATIO AVG 3Y
-3.77x
INTEREST COVERAGE RATIO AVG 5Y
6.75x
INTEREST COVERAGE RATIO AVG 10Y
4.17x
INTEREST COVERAGE RATIO AVG 15Y
3.16x
INTEREST COVERAGE RATIO AVG 20Y
4.04x
CURRENT VS TTM AVG
-46.63%
CURRENT VS 3Y AVG
+365.17%
CURRENT VS 5Y AVG
+48.25%
CURRENT VS 10Y AVG
+140.10%
CURRENT VS 15Y AVG
+216.59%
CURRENT VS 20Y AVG
+147.99%
SECTOR MEDIAN · HEALTHCARE
-5.65x
median of 459 covered companies
CURRENT VS SECTOR MEDIAN
+277.17%
vs the sector median at left
Ligand Pharmaceuticals Incorporated
Market Cap
$5.96B
Interest Coverage Ratio
10.01x
TTM Avg
18.75x
3Y Avg
-3.77x
5Y Avg
6.75x
Market Cap
$5.89B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.77B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.56B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$6.39B
Interest Coverage Ratio
-9.33x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.52B
Interest Coverage Ratio
1.30x
TTM Avg
1.31x
3Y Avg
1.26x
5Y Avg
1.25x
Market Cap
$6.51B
Interest Coverage Ratio
15.74x
TTM Avg
19.48x
3Y Avg
15.56x
5Y Avg
15.56x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ligand Pharmaceuticals Incorporated (LGND) | $5.96B | 10.01x | 18.75x | -3.77x | 6.75x |
| GRAIL Inc. (GRAL)vs › | $5.98B | N/A | N/A | N/A | N/A |
| Iovance Biotherapeutics, Inc. (IOVA)vs › | $5.89B | N/A | N/A | N/A | N/A |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.77B | N/A | N/A | N/A | N/A |
| CG Oncology Inc. (CGON)vs › | $5.73B | N/A | N/A | N/A | N/A |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.56B | N/A | N/A | N/A | N/A |
| Rhythm Pharmaceuticals, Inc. (RYTM)vs › | $6.39B | -9.33x | N/A | N/A | N/A |
| RadNet, Inc. (RDNT)vs › | $5.52B | 1.30x | 1.31x | 1.26x | 1.25x |
| Lantheus Holdings, Inc. (LNTH)vs › | $6.51B | 15.74x | 19.48x | 15.56x | 15.56x |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.53B | 1.75x | 1.35x | 1.23x | 1.08x |
Interest Coverage
10.0x
Debt/Equity
1.17
Current Ratio
31.18
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 | 4.91x |
| 2026-03-31 | 9.94x |
| 2025-12-31 | 11.23x |
| 2025-09-30 | 60.36x |
| 2025-06-30 | 7.32x |
| 2025-03-31 | -41.77x |
| 2024-12-31 | -10.91x |
| 2024-09-30 | 4.24x |
| 2024-06-30 | -15.06x |
| 2024-03-31 | 21.19x |
| 2023-12-31 | -25.63x |
| 2023-09-30 | 3078.00x |
| 2023-06-30 | -6.98x |
| 2023-03-31 | 59.19x |
| 2022-12-31 | 50.73x |
| 2022-09-30 | 37.17x |
| 2022-06-30 | 19.78x |
| 2022-03-31 | 2.70x |
| 2021-12-31 | 2.85x |
| 2021-09-30 | 3.54x |
| 2021-06-30 | 9.37x |
| 2021-03-31 | 0.81x |
| 2020-12-31 | 1.75x |
| 2020-09-30 | 0.60x |
| 2020-06-30 | 1.14x |
| 2020-03-31 | 0.44x |
| 2019-12-31 | -1.15x |
| 2019-09-30 | -0.57x |
| 2019-06-30 | -0.46x |
| 2019-03-31 | 92.81x |
| 2018-12-31 | 1.65x |
| 2018-09-30 | 2.09x |
| 2018-06-30 | 5.22x |
| 2018-03-31 | 10.64x |
| 2017-12-31 | 10.22x |
| 2017-09-30 | 4.87x |
| 2017-06-30 | 3.90x |
| 2017-03-31 | 3.47x |
| 2016-12-31 | 6.44x |
| 2016-09-30 | 1.75x |
| 2016-06-30 | 1.43x |
| 2016-03-31 | 5.02x |
| 2015-12-31 | 3.76x |
| 2015-09-30 | 2.93x |
| 2015-06-30 | 1.47x |
| 2015-03-31 | 1.13x |
| 2014-12-31 | 3.31x |
| 2014-09-30 | 2.33x |
| 2014-06-30 | 7.50x |
| 2014-03-31 | 20.56x |
| 2013-12-31 | 19.95x |
| 2013-09-30 | 7.79x |
| 2013-06-30 | 3.34x |
| 2013-03-31 | 4.31x |
| 2012-12-31 | 5.20x |
| 2012-09-30 | -1.80x |
| 2012-06-30 | -2.04x |
| 2012-03-31 | -0.97x |
| 2011-12-31 | 8.01x |
| 2011-09-30 | -4.86x |
| 2011-06-30 | -1.20x |
| 2011-03-31 | -5.24x |
| 2010-12-31 | -313.79x |
| 2010-09-30 | -1959.38x |
| 2010-06-30 | -279.08x |
| 2010-03-31 | -223.67x |
| 2009-12-31 | 96.54x |
| 2009-09-30 | 36.86x |
| 2009-06-30 | -110.88x |
| 2009-03-31 | -37.72x |
| 2008-03-31 | -228.83x |