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 6.77x is in line with its 5-year average of 6.38x, around the middle of its 5-year range (-2.52x–18.17x).
4.26% below its 12-month average of 7.07x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 7.39x.
INTEREST COVERAGE RATIO
6.77x
INTEREST COVERAGE RATIO AVG TTM
7.07x
INTEREST COVERAGE RATIO AVG 3Y
6.09x
INTEREST COVERAGE RATIO AVG 5Y
6.38x
INTEREST COVERAGE RATIO AVG 10Y
6.07x
INTEREST COVERAGE RATIO AVG 15Y
7.19x
INTEREST COVERAGE RATIO AVG 20Y
8.44x
CURRENT VS TTM AVG
-4.26%
CURRENT VS 3Y AVG
+11.23%
CURRENT VS 5Y AVG
+6.03%
CURRENT VS 10Y AVG
+11.61%
CURRENT VS 15Y AVG
-5.90%
CURRENT VS 20Y AVG
-19.78%
SECTOR MEDIAN · HEALTHCARE
6.88x
median of 82 covered companies
CURRENT VS SECTOR MEDIAN
-1.67%
vs the sector median at left
Labcorp Holdings Inc.
Market Cap
$25.55B
Interest Coverage Ratio
6.77x
TTM Avg
7.07x
3Y Avg
6.09x
5Y Avg
6.38x
Market Cap
$25.94B
Interest Coverage Ratio
5.79x
TTM Avg
5.88x
3Y Avg
7.29x
5Y Avg
9.45x
Market Cap
$26.14B
Interest Coverage Ratio
16.32x
TTM Avg
15.71x
3Y Avg
16.43x
5Y Avg
18.17x
Market Cap
$24.62B
Interest Coverage Ratio
553.04x
TTM Avg
298.73x
3Y Avg
269.07x
5Y Avg
276.66x
Market Cap
$24.37B
Interest Coverage Ratio
1029.00x
TTM Avg
617.01x
3Y Avg
353.82x
5Y Avg
258.97x
Market Cap
$24.30B
Interest Coverage Ratio
-45.74x
TTM Avg
444.02x
3Y Avg
1201.03x
5Y Avg
1201.03x
Market Cap
$27.51B
Interest Coverage Ratio
2.72x
TTM Avg
2.21x
3Y Avg
1.60x
5Y Avg
1.60x
Market Cap
$28.88B
Interest Coverage Ratio
6.14x
TTM Avg
5.67x
3Y Avg
11.29x
5Y Avg
26.04x
Market Cap
$21.10B
Interest Coverage Ratio
77.81x
TTM Avg
54.95x
3Y Avg
40.03x
5Y Avg
35.88x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Labcorp Holdings Inc. (LH) | $25.55B | 6.77x | 7.07x | 6.09x | 6.38x |
| Quest Diagnostics Incorporated (DGX)vs › | $25.94B | 5.79x | 5.88x | 7.29x | 9.45x |
| Mettler-Toledo International Inc. (MTD)vs › | $26.14B | 16.32x | 15.71x | 16.43x | 18.17x |
| Incyte Corporation (INCY)vs › | $24.62B | 553.04x | 298.73x | 269.07x | 276.66x |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.37B | 1029.00x | 617.01x | 353.82x | 258.97x |
| BioNTech SE (BNTX)vs › | $24.30B | -45.74x | 444.02x | 1201.03x | 1201.03x |
| Medline Inc. (MDLN)vs › | $27.51B | 2.72x | 2.21x | 1.60x | 1.60x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.88B | 6.14x | 5.67x | 11.29x | 26.04x |
| United Therapeutics Corporation (UTHR)vs › | $21.10B | 77.81x | 54.95x | 40.03x | 35.88x |
| Waters Corporation (WAT)vs › | $30.54B | 12.84x | 11.03x | 12.05x | 13.28x |
Interest Coverage
6.8x
Debt/Equity
0.79
Current Ratio
1.80
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 | 7.39x |
| 2026-03-31 | 7.03x |
| 2025-12-31 | 6.95x |
| 2025-09-30 | 7.08x |
| 2025-06-30 | 6.91x |
| 2025-03-31 | 5.82x |
| 2024-12-31 | 3.41x |
| 2024-09-30 | 5.04x |
| 2024-06-30 | 6.19x |
| 2024-03-31 | 6.85x |
| 2023-12-31 | -2.52x |
| 2023-09-30 | 5.02x |
| 2023-06-30 | 5.35x |
| 2023-03-31 | 6.50x |
| 2022-12-31 | 1.84x |
| 2022-09-30 | 8.08x |
| 2022-06-30 | 10.09x |
| 2022-03-31 | 16.30x |
| 2021-12-31 | 16.95x |
| 2021-09-30 | 18.17x |
| 2021-06-30 | 8.99x |
| 2021-03-31 | 21.81x |
| 2020-12-31 | 26.77x |
| 2020-09-30 | 20.37x |
| 2020-06-30 | 5.65x |
| 2020-03-31 | -3.50x |
| 2019-12-31 | 5.22x |
| 2019-09-30 | 5.62x |
| 2019-06-30 | 5.68x |
| 2019-03-31 | 5.61x |
| 2018-12-31 | 5.29x |
| 2018-09-30 | 5.78x |
| 2018-06-30 | 5.85x |
| 2018-03-31 | 4.81x |
| 2017-12-31 | 5.22x |
| 2017-09-30 | 5.70x |
| 2017-06-30 | 6.11x |
| 2017-03-31 | 6.35x |
| 2016-12-31 | 6.11x |
| 2016-09-30 | 5.57x |
| 2016-06-30 | 6.86x |
| 2016-03-31 | 5.54x |
| 2015-12-31 | 4.29x |
| 2015-09-30 | 5.50x |
| 2015-06-30 | 5.55x |
| 2015-03-31 | 1.25x |
| 2014-12-31 | 6.82x |
| 2014-09-30 | 9.32x |
| 2014-06-30 | 9.56x |
| 2014-03-31 | 7.91x |
| 2013-12-31 | 6.85x |
| 2013-09-30 | 9.90x |
| 2013-06-30 | 11.66x |
| 2013-03-31 | 10.69x |
| 2012-09-30 | 10.17x |
| 2012-06-30 | 12.96x |
| 2012-03-31 | 13.35x |
| 2011-12-31 | 11.15x |
| 2011-09-30 | 11.79x |
| 2011-06-30 | 10.75x |
| 2011-03-31 | 9.82x |
| 2010-12-31 | 12.37x |
| 2010-09-30 | 10.89x |
| 2010-06-30 | 18.66x |
| 2010-03-31 | 16.04x |
| 2009-12-31 | 14.68x |
| 2009-09-30 | 15.66x |
| 2009-06-30 | 15.10x |
| 2009-03-31 | 14.15x |
| 2008-09-30 | 12.04x |
| 2008-03-31 | 12.12x |
