Lockheed Martin Corporation (LMT) Interest Coverage Ratio: 6.92x
The interest coverage ratio for Lockheed Martin Corporation (LMT) is 6.92x as of Wednesday, June 10, 2026.
LMT Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
6.92x
LMT Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lockheed Martin Corporation (LMT) | — | 6.92x | N/A | N/A | N/A |
| Honeywell International Inc. (HON) | $130.57B | 4.89x | 5.63x | 8.73x | 11.48x |
| Parker-Hannifin Corporation (PH) | $111.11B | 9.93x | 8.81x | 8.57x | 8.39x |
| Eaton Corporation plc (ETN) | $146.50B | 19.81x | 26.80x | 27.41x | 23.34x |
| Automatic Data Processing, Inc. (ADP) | $92.41B | 11.87x | 12.69x | 21.74x | 28.66x |
| Deere & Company (DE) | $152.34B | 2.65x | 2.65x | 4.00x | 5.65x |
| United Parcel Service, Inc. (UPS) | $87.79B | 7.78x | 8.94x | 12.16x | 13.22x |
| Cummins Inc. (CMI) | $87.60B | 11.75x | 10.95x | 10.33x | 14.73x |
| Union Pacific Corporation (UNP) | $159.00B | 7.52x | 7.58x | 7.44x | 7.45x |
| 3M Company (MMM) | $81.79B | 6.34x | 5.25x | 5.76x | 8.68x |
Financial Health Indicators
Interest Coverage
6.9x
Debt/Equity
3.23
Current Ratio
1.09
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.
Lockheed Martin Corporation 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
Lockheed Martin Corporation Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Lockheed Martin Corporation (LMT)?
- The interest coverage ratio for LMT stock is 6.92x.
About Lockheed Martin Corporation
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- James D. Taiclet Jr.