Basis: Latest reported fiscal quarter. 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 7.03x is 14% below its 5-year average of 8.18x, around the middle of its 5-year range (-2.52x–21.81x).
As of the fiscal period ended Tuesday, March 31, 2026. 4.00% above its 12-month average of 6.76x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
7.03x
INTEREST COVERAGE RATIO AVG TTM
6.76x
INTEREST COVERAGE RATIO AVG 3Y
6.01x
INTEREST COVERAGE RATIO AVG 5Y
6.32x
INTEREST COVERAGE RATIO AVG 10Y
6.01x
INTEREST COVERAGE RATIO AVG 15Y
7.24x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+4.00%
CURRENT VS 3Y AVG
+16.87%
CURRENT VS 5Y AVG
+11.15%
CURRENT VS 10Y AVG
+17.00%
CURRENT VS 15Y AVG
-2.94%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
6.77x
median of 73 covered companies
CURRENT VS SECTOR MEDIAN
+3.80%
vs the sector median at left
Labcorp Holdings Inc.
Market Cap
$25.77B
Interest Coverage Ratio
7.03x
TTM Avg
6.76x
3Y Avg
6.01x
5Y Avg
6.32x
Market Cap
$25.96B
Interest Coverage Ratio
553.04x
TTM Avg
298.73x
3Y Avg
269.07x
5Y Avg
276.66x
Market Cap
$26.04B
Interest Coverage Ratio
5.79x
TTM Avg
5.88x
3Y Avg
7.29x
5Y Avg
9.45x
Market Cap
$25.02B
Interest Coverage Ratio
12.84x
TTM Avg
11.03x
3Y Avg
12.05x
5Y Avg
13.28x
Market Cap
$23.72B
Interest Coverage Ratio
1029.00x
TTM Avg
617.01x
3Y Avg
353.82x
5Y Avg
258.97x
Market Cap
$28.06B
Interest Coverage Ratio
16.32x
TTM Avg
15.71x
3Y Avg
16.43x
5Y Avg
18.17x
Market Cap
$23.38B
Interest Coverage Ratio
-45.74x
TTM Avg
444.02x
3Y Avg
1201.03x
5Y Avg
1201.03x
Market Cap
$28.88B
Interest Coverage Ratio
49.83x
TTM Avg
40.70x
3Y Avg
32.97x
5Y Avg
24.93x
Market Cap
$22.45B
Interest Coverage Ratio
18.15x
TTM Avg
14.10x
3Y Avg
10.28x
5Y Avg
10.20x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Labcorp Holdings Inc. (LH) | $25.77B | 7.03x | 6.76x | 6.01x | 6.32x |
| Incyte Corporation (INCY)vs › | $25.96B | 553.04x | 298.73x | 269.07x | 276.66x |
| Quest Diagnostics Incorporated (DGX)vs › | $26.04B | 5.79x | 5.88x | 7.29x | 9.45x |
| Waters Corporation (WAT)vs › | $25.02B | 12.84x | 11.03x | 12.05x | 13.28x |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.72B | 1029.00x | 617.01x | 353.82x | 258.97x |
| Mettler-Toledo International Inc. (MTD)vs › | $28.06B | 16.32x | 15.71x | 16.43x | 18.17x |
| BioNTech SE (BNTX)vs › | $23.38B | -45.74x | 444.02x | 1201.03x | 1201.03x |
| DexCom, Inc. (DXCM)vs › | $28.88B | 49.83x | 40.70x | 32.97x | 24.93x |
| STERIS plc (STE)vs › | $22.45B | 18.15x | 14.10x | 10.28x | 10.20x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.16B | 6.14x | 5.67x | 11.29x | 26.04x |
Interest Coverage
7.0x
Debt/Equity
0.84
Current Ratio
1.42
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 |
|---|---|
| 2026-03-31 | 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 |
