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 6.42x is 30% below its 5-year average of 9.19x, near the low end of its 5-year range (1.48x–35.52x).
As of the fiscal period ended Tuesday, June 30, 2026. 0.61% below its 12-month average of 6.46x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
6.42x
INTEREST COVERAGE RATIO AVG TTM
6.46x
INTEREST COVERAGE RATIO AVG 3Y
8.39x
INTEREST COVERAGE RATIO AVG 5Y
7.87x
INTEREST COVERAGE RATIO AVG 10Y
7.54x
INTEREST COVERAGE RATIO AVG 15Y
6.49x
INTEREST COVERAGE RATIO AVG 20Y
5.91x
CURRENT VS TTM AVG
-0.61%
CURRENT VS 3Y AVG
-23.40%
CURRENT VS 5Y AVG
-18.40%
CURRENT VS 10Y AVG
-14.85%
CURRENT VS 15Y AVG
-1.07%
CURRENT VS 20Y AVG
+8.78%
SECTOR MEDIAN · BASIC MATERIALS
9.50x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-32.38%
vs the sector median at left
Martin Marietta Materials, Inc.
Market Cap
$33.08B
Interest Coverage Ratio
6.42x
TTM Avg
6.46x
3Y Avg
8.39x
5Y Avg
7.87x
Market Cap
$31.78B
Interest Coverage Ratio
5.31x
TTM Avg
4.89x
3Y Avg
8.75x
5Y Avg
7.80x
Market Cap
$36.79B
Interest Coverage Ratio
3.41x
TTM Avg
5.28x
3Y Avg
5.86x
5Y Avg
6.14x
Market Cap
$37.35B
Interest Coverage Ratio
21.07x
TTM Avg
27.77x
3Y Avg
38.09x
5Y Avg
39.41x
Market Cap
$28.19B
Interest Coverage Ratio
18.57x
TTM Avg
13.37x
3Y Avg
8.44x
5Y Avg
8.44x
Market Cap
$26.05B
Interest Coverage Ratio
9.00x
TTM Avg
9.25x
3Y Avg
9.18x
5Y Avg
10.59x
Market Cap
$22.28B
Interest Coverage Ratio
-7.58x
TTM Avg
1.96x
3Y Avg
2.92x
5Y Avg
2.76x
Market Cap
$21.15B
Interest Coverage Ratio
18.36x
TTM Avg
23.77x
3Y Avg
32.80x
5Y Avg
24.91x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Martin Marietta Materials, Inc. (MLM) | $33.08B | 6.42x | 6.46x | 8.39x | 7.87x |
| Nutrien Ltd. (NTR)vs › | $31.78B | 5.31x | 4.89x | 8.75x | 7.80x |
| Vulcan Materials Company (VMC)vs › | $36.79B | 3.41x | 5.28x | 5.86x | 6.14x |
| Steel Dynamics, Inc. (STLD)vs › | $37.35B | 21.07x | 27.77x | 38.09x | 39.41x |
| Carpenter Technology Corporation (CRS)vs › | $28.19B | 18.57x | 13.37x | 8.44x | 8.44x |
| PPG Industries, Inc. (PPG)vs › | $26.05B | 9.00x | 9.25x | 9.18x | 10.59x |
| International Paper Company (IP)vs › | $22.28B | -7.58x | 1.96x | 2.92x | 2.76x |
| Dow Inc. (DOW)vs › | $21.52B | 0.30x | 1.51x | 3.66x | 4.83x |
| Reliance Steel & Aluminum Co. (RS)vs › | $21.15B | 18.36x | 23.77x | 32.80x | 24.91x |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.65B | 3.68x | 3.09x | 3.09x | 3.13x |
Interest Coverage
6.4x
Debt/Equity
0.55
Current Ratio
0.45
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 | 6.42x |
| 2026-03-31 | 2.89x |
| 2025-12-31 | 6.40x |
| 2025-09-30 | 8.56x |
| 2025-06-30 | 8.04x |
| 2025-03-31 | 3.46x |
| 2024-12-31 | 7.98x |
| 2024-09-30 | 12.87x |
| 2024-06-30 | 9.95x |
| 2024-03-31 | 35.52x |
| 2023-12-31 | 9.21x |
| 2023-09-30 | 13.83x |
| 2023-06-30 | 11.02x |
| 2023-03-31 | 4.67x |
| 2022-12-31 | 6.16x |
| 2022-09-30 | 9.48x |
| 2022-06-30 | 11.10x |
| 2022-03-31 | 1.48x |
| 2021-12-31 | 4.91x |
| 2021-09-30 | 8.06x |
| 2021-06-30 | 10.94x |
| 2021-03-31 | 3.62x |
| 2020-12-31 | 8.47x |
| 2020-09-30 | 13.96x |
| 2020-06-30 | 9.82x |
| 2020-03-31 | 1.94x |
| 2019-12-31 | 6.03x |
| 2019-09-30 | 10.66x |
| 2019-06-30 | 8.59x |
| 2019-03-31 | 2.10x |
| 2018-12-31 | 4.38x |
| 2018-09-30 | 6.79x |
| 2018-06-30 | 8.01x |
| 2018-03-31 | 1.11x |
| 2017-12-31 | 7.82x |
| 2017-09-30 | 9.81x |
| 2017-06-30 | 8.85x |
| 2017-03-31 | 3.70x |
| 2016-12-31 | 7.48x |
| 2016-09-30 | 11.80x |
| 2016-06-30 | 9.40x |
| 2016-03-31 | 4.29x |
| 2015-12-31 | 7.25x |
| 2015-09-30 | 9.48x |
| 2015-06-30 | 7.18x |
| 2015-03-31 | 1.32x |
| 2014-12-31 | 5.62x |
| 2014-09-30 | 5.85x |
| 2014-06-30 | 7.43x |
| 2014-03-31 | -1.30x |
| 2013-12-31 | 4.90x |
| 2013-09-30 | 8.05x |
| 2013-06-30 | 5.11x |
| 2013-03-31 | -1.73x |
| 2012-12-31 | 2.99x |
| 2012-09-30 | 6.92x |
| 2012-06-30 | 4.47x |
| 2012-03-31 | -2.62x |
| 2011-12-31 | 1.89x |
| 2011-09-30 | 5.97x |
| 2011-06-30 | 4.71x |
| 2011-03-31 | -0.24x |
| 2010-12-31 | 2.05x |
| 2010-09-30 | 4.90x |
| 2010-06-30 | 5.39x |
| 2010-03-31 | -0.73x |
| 2009-12-31 | 0.80x |
| 2009-09-30 | 4.91x |
| 2009-06-30 | 3.91x |
| 2009-03-31 | 0.59x |
| 2008-09-30 | 5.89x |
| 2008-06-30 | 5.43x |
| 2008-03-31 | 2.71x |
