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 3.60x is 23% below its 5-year average of 4.70x, near the low end of its 5-year range (2.15x–7.69x).
13.10% below its 12-month average of 4.14x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-07-03): 5.07x.
INTEREST COVERAGE RATIO
3.60x
INTEREST COVERAGE RATIO AVG TTM
4.14x
INTEREST COVERAGE RATIO AVG 3Y
3.64x
INTEREST COVERAGE RATIO AVG 5Y
4.70x
INTEREST COVERAGE RATIO AVG 10Y
5.63x
INTEREST COVERAGE RATIO AVG 15Y
6.29x
INTEREST COVERAGE RATIO AVG 20Y
6.67x
CURRENT VS TTM AVG
-13.10%
CURRENT VS 3Y AVG
-1.00%
CURRENT VS 5Y AVG
-23.38%
CURRENT VS 10Y AVG
-36.04%
CURRENT VS 15Y AVG
-42.74%
CURRENT VS 20Y AVG
-46.01%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
-54.14%
vs the sector median at left
L3Harris Technologies, Inc.
Market Cap
$45.72B
Interest Coverage Ratio
3.60x
TTM Avg
4.14x
3Y Avg
3.64x
5Y Avg
4.70x
Market Cap
$45.31B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$47.37B
Interest Coverage Ratio
5.53x
TTM Avg
4.58x
3Y Avg
5.55x
5Y Avg
6.80x
Market Cap
$44.03B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$47.67B
Interest Coverage Ratio
9.12x
TTM Avg
8.74x
3Y Avg
10.37x
5Y Avg
10.03x
Market Cap
$47.84B
Interest Coverage Ratio
8.31x
TTM Avg
8.16x
3Y Avg
6.89x
5Y Avg
6.04x
Market Cap
$43.16B
Interest Coverage Ratio
17.17x
TTM Avg
15.45x
3Y Avg
15.04x
5Y Avg
17.58x
Market Cap
$42.50B
Interest Coverage Ratio
10.87x
TTM Avg
11.70x
3Y Avg
11.02x
5Y Avg
10.15x
Market Cap
$50.16B
Interest Coverage Ratio
3.98x
TTM Avg
3.98x
3Y Avg
3.98x
5Y Avg
3.98x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| L3Harris Technologies, Inc. (LHX) | $45.72B | 3.60x | 4.14x | 3.64x | 4.70x |
| HEICO Corporation (HEI-A)vs › | $45.31B | 7.85x | 6.72x | 24.68x | 30.27x |
| Carrier Global Corporation (CARR)vs › | $47.37B | 5.53x | 4.58x | 5.55x | 6.80x |
| HEICO Corporation (HEI)vs › | $44.03B | 7.85x | 6.72x | 24.68x | 30.27x |
| Rockwell Automation, Inc. (ROK)vs › | $47.67B | 9.12x | 8.74x | 10.37x | 10.03x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $47.84B | 8.31x | 8.16x | 6.89x | 6.04x |
| Ferguson plc (FERG)vs › | $43.16B | 17.17x | 15.45x | 15.04x | 17.58x |
| Thomson Reuters Corporation (TRI)vs › | $42.50B | 10.87x | 11.70x | 11.02x | 10.15x |
| Honeywell Aerospace Inc (HONA)vs › | $50.16B | 3.98x | 3.98x | 3.98x | 3.98x |
| Paychex, Inc. (PAYX)vs › | $41.19B | 9.32x | 15.13x | 35.99x | 39.17x |
Interest Coverage
3.6x
Debt/Equity
0.53
Current Ratio
1.18
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 |
|---|---|
| 2026-07-03 | 5.07x |
| 2026-04-03 | 4.72x |
| 2026-01-02 | 2.63x |
| 2025-10-03 | 4.15x |
| 2025-06-27 | 3.84x |
| 2025-03-28 | 3.69x |
| 2025-01-03 | 4.52x |
| 2024-09-27 | 2.98x |
| 2024-06-28 | 2.77x |
| 2024-03-29 | 2.15x |
| 2023-12-29 | 4.10x |
| 2023-09-29 | 3.01x |
| 2023-06-30 | 3.60x |
| 2023-03-31 | 3.85x |
| 2022-12-30 | 6.69x |
| 2022-09-30 | 6.46x |
| 2022-07-01 | 7.22x |
| 2022-04-01 | 7.32x |
| 2021-12-31 | 7.49x |
| 2021-10-01 | 7.69x |
| 2021-07-02 | 8.09x |
| 2021-04-02 | 8.01x |
| 2021-01-01 | 8.35x |
| 2020-10-02 | 7.48x |
| 2020-07-03 | 5.38x |
| 2020-04-03 | 7.54x |
| 2019-12-31 | 6.18x |
| 2019-09-27 | 2.84x |
| 2019-06-28 | 7.51x |
| 2019-03-29 | 6.49x |
| 2018-12-28 | 6.21x |
| 2018-09-28 | 5.75x |
| 2018-06-29 | 7.00x |
| 2018-03-30 | 6.24x |
| 2017-12-29 | 6.48x |
| 2017-09-29 | 6.63x |
| 2017-06-30 | 6.55x |
| 2017-03-31 | 6.55x |
| 2016-12-30 | 6.30x |
| 2016-09-30 | 5.59x |
| 2016-07-01 | 6.27x |
| 2016-04-01 | 5.83x |
| 2016-01-01 | 7.13x |
| 2015-10-02 | 5.46x |
| 2015-07-03 | 1.82x |
| 2015-04-03 | 6.26x |
| 2015-01-02 | 9.55x |
| 2014-09-26 | 8.61x |
| 2014-06-27 | 9.82x |
| 2014-03-28 | 9.63x |
| 2013-12-27 | 9.41x |
| 2013-09-27 | 8.84x |
| 2013-06-28 | 6.58x |
| 2013-03-29 | 7.16x |
| 2012-12-28 | 8.28x |
| 2012-09-28 | 7.71x |
| 2012-06-29 | 9.38x |
| 2012-03-30 | 8.61x |
| 2011-12-30 | 7.97x |
| 2011-09-30 | 7.79x |
| 2011-07-01 | 8.66x |
| 2011-04-01 | 8.68x |
| 2010-12-31 | 11.90x |
| 2010-10-01 | 15.12x |
| 2010-07-02 | 13.98x |
| 2010-04-02 | 14.61x |
| 2010-01-01 | 12.27x |
| 2009-10-02 | 9.82x |
| 2009-07-03 | 16.92x |
| 2009-04-03 | 16.14x |
| 2009-01-02 | 15.66x |
| 2008-09-26 | 15.41x |
| 2008-03-28 | 11.46x |