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 5.05x is in line with its 5-year average of 4.76x, around the middle of its 5-year range (2.65x–6.97x).
12.48% above its 12-month average of 4.49x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 3.51x.
INTEREST COVERAGE RATIO
5.05x
INTEREST COVERAGE RATIO AVG TTM
4.49x
INTEREST COVERAGE RATIO AVG 3Y
4.70x
INTEREST COVERAGE RATIO AVG 5Y
4.76x
INTEREST COVERAGE RATIO AVG 10Y
5.23x
INTEREST COVERAGE RATIO AVG 15Y
5.55x
INTEREST COVERAGE RATIO AVG 20Y
5.63x
CURRENT VS TTM AVG
+12.48%
CURRENT VS 3Y AVG
+7.51%
CURRENT VS 5Y AVG
+6.04%
CURRENT VS 10Y AVG
-3.52%
CURRENT VS 15Y AVG
-9.08%
CURRENT VS 20Y AVG
-10.28%
SECTOR MEDIAN · UTILITIES
2.36x
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
+113.98%
vs the sector median at left
MGE Energy, Inc.
Market Cap
$2.65B
Interest Coverage Ratio
5.05x
TTM Avg
4.49x
3Y Avg
4.70x
5Y Avg
4.76x
Market Cap
$2.50B
Interest Coverage Ratio
0.93x
TTM Avg
43.85x
3Y Avg
41.59x
5Y Avg
48.99x
Market Cap
$2.93B
Interest Coverage Ratio
2.39x
TTM Avg
2.25x
3Y Avg
2.00x
5Y Avg
2.09x
Market Cap
$2.32B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.26B
Interest Coverage Ratio
3.71x
TTM Avg
10.62x
3Y Avg
10.62x
5Y Avg
10.62x
Market Cap
$1.98B
Interest Coverage Ratio
3.63x
TTM Avg
3.01x
3Y Avg
2.90x
5Y Avg
3.12x
Market Cap
$1.47B
Interest Coverage Ratio
-11.27x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.06B
Interest Coverage Ratio
-5.81x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MGE Energy, Inc. (MGEE) | $2.65B | 5.05x | 4.49x | 4.70x | 4.76x |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 0.93x | 43.85x | 41.59x | 48.99x |
| H2O America (HTO)vs › | $2.43B | 1.99x | 2.19x | 2.23x | 2.19x |
| Avista Corporation (AVA)vs › | $2.93B | 2.39x | 2.25x | 2.00x | 2.09x |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.32B | N/A | N/A | N/A | N/A |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.26B | 3.71x | 10.62x | 10.62x | 10.62x |
| Northwest Natural Holding Company (NWN)vs › | $1.98B | 3.63x | 3.01x | 2.90x | 3.12x |
| Fluence Energy, Inc. (FLNC)vs › | $1.47B | -11.27x | N/A | N/A | N/A |
| Fervo Energy Company (FRVO)vs › | $4.06B | -5.81x | N/A | N/A | N/A |
| Northwestern Energy Group Inc (NWE)vs › | $4.24B | 2.17x | 2.31x | 2.47x | 2.54x |
Interest Coverage
5.0x
Debt/Equity
0.62
Current Ratio
1.14
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 | 3.51x |
| 2026-03-31 | 5.42x |
| 2025-12-31 | 3.47x |
| 2025-09-30 | 6.00x |
| 2025-06-30 | 4.05x |
| 2025-03-31 | 6.97x |
| 2024-12-31 | 3.37x |
| 2024-09-30 | 5.73x |
| 2024-06-30 | 3.57x |
| 2024-03-31 | 5.09x |
| 2023-12-31 | 3.21x |
| 2023-09-30 | 5.72x |
| 2023-06-30 | 4.95x |
| 2023-03-31 | 5.35x |
| 2022-12-31 | 4.01x |
| 2022-09-30 | 6.39x |
| 2022-06-30 | 3.94x |
| 2022-03-31 | 6.37x |
| 2021-12-31 | 2.65x |
| 2021-09-30 | 6.18x |
| 2021-06-30 | 4.05x |
| 2021-03-31 | 6.80x |
| 2020-12-31 | 3.24x |
| 2020-09-30 | 6.65x |
| 2020-06-30 | 3.64x |
| 2020-03-31 | 5.19x |
| 2019-12-31 | 3.75x |
| 2019-09-30 | 6.64x |
| 2019-06-30 | 3.44x |
| 2019-03-31 | 5.45x |
| 2018-12-31 | 4.74x |
| 2018-09-30 | 7.92x |
| 2018-06-30 | 5.07x |
| 2018-03-31 | 5.53x |
| 2017-12-31 | 5.45x |
| 2017-09-30 | 9.10x |
| 2017-06-30 | 5.43x |
| 2017-03-31 | 6.72x |
| 2016-12-31 | 4.92x |
| 2016-09-30 | 9.24x |
| 2016-06-30 | 5.69x |
| 2016-03-31 | 5.91x |
| 2015-12-31 | 4.41x |
| 2015-09-30 | 9.17x |
| 2015-06-30 | 4.80x |
| 2015-03-31 | 6.26x |
| 2014-12-31 | 5.77x |
| 2014-09-30 | 7.80x |
| 2014-06-30 | 5.02x |
| 2014-03-31 | 9.68x |
| 2013-12-31 | 5.21x |
| 2013-09-30 | 8.66x |
| 2013-06-30 | 5.26x |
| 2013-03-31 | 8.05x |
| 2012-12-31 | 4.07x |
| 2012-09-30 | 8.23x |
| 2012-06-30 | 5.26x |
| 2012-03-31 | 5.57x |
| 2011-12-31 | 3.41x |
| 2011-09-30 | 7.07x |
| 2011-06-30 | 4.59x |
| 2011-03-31 | 6.37x |
| 2010-12-31 | 4.96x |
| 2010-09-30 | 8.38x |
| 2010-06-30 | 4.97x |
| 2010-03-31 | 5.57x |
| 2009-12-31 | 6.59x |
| 2009-09-30 | 6.18x |
| 2009-06-30 | 4.95x |
| 2009-03-31 | 7.18x |
| 2008-12-31 | 5.52x |
| 2008-09-30 | 7.19x |
| 2008-06-30 | 5.31x |
| 2008-03-31 | 7.08x |
| 2007-12-31 | 6.32x |
| 2007-09-30 | 7.94x |
| 2007-06-30 | 5.27x |
| 2006-12-31 | 5.71x |
| 2006-09-30 | 6.44x |
| 2006-06-30 | 3.58x |
| 2006-03-31 | 5.45x |
| 2005-12-31 | 4.15x |
| 2005-06-30 | 3.33x |
| 2005-03-31 | 5.34x |
| 2004-12-31 | 3.51x |
| 2004-06-30 | 3.93x |
| 2004-03-31 | 8.36x |
| 2003-12-31 | 3.67x |
| 2003-09-30 | 6.76x |
| 2002-12-31 | 2.67x |
| 2002-09-30 | 6.30x |
