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 6.34x is 29% below its 5-year average of 8.91x, around the middle of its 5-year range (-10.26x–23.46x).
19.37% above its 12-month average of 5.31x.
Reported quarterly interest coverage; no daily interpolation. Q1 FY2026 (2026-03-31): 6.53x.
INTEREST COVERAGE RATIO
6.34x
INTEREST COVERAGE RATIO AVG TTM
5.31x
INTEREST COVERAGE RATIO AVG 3Y
5.38x
INTEREST COVERAGE RATIO AVG 5Y
8.91x
INTEREST COVERAGE RATIO AVG 10Y
11.41x
INTEREST COVERAGE RATIO AVG 15Y
24.01x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+19.37%
CURRENT VS 3Y AVG
+17.95%
CURRENT VS 5Y AVG
-28.81%
CURRENT VS 10Y AVG
-44.43%
CURRENT VS 15Y AVG
-73.59%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
-19.24%
vs the sector median at left
Market Cap
$86.84B
Interest Coverage Ratio
5.05x
TTM Avg
6.00x
3Y Avg
7.19x
5Y Avg
7.13x
Market Cap
$86.97B
Interest Coverage Ratio
7.78x
TTM Avg
8.94x
3Y Avg
12.16x
5Y Avg
13.22x
Market Cap
$82.31B
Interest Coverage Ratio
9.13x
TTM Avg
8.69x
3Y Avg
9.57x
5Y Avg
11.00x
Market Cap
$89.89B
Interest Coverage Ratio
14.11x
TTM Avg
11.65x
3Y Avg
8.38x
5Y Avg
6.52x
Market Cap
$90.14B
Interest Coverage Ratio
5.36x
TTM Avg
5.91x
3Y Avg
6.65x
5Y Avg
6.58x
Market Cap
$79.61B
Interest Coverage Ratio
24.52x
TTM Avg
23.93x
3Y Avg
21.15x
5Y Avg
19.43x
Market Cap
$90.32B
Interest Coverage Ratio
22.03x
TTM Avg
15.60x
3Y Avg
9.21x
5Y Avg
7.01x
Market Cap
$78.26B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| 3M Company (MMM) | $84.92B | 6.34x | 5.31x | 5.38x | 8.91x |
| Waste Management, Inc. (WM)vs › | $86.84B | 5.05x | 6.00x | 7.19x | 7.13x |
| United Parcel Service, Inc. (UPS)vs › | $86.97B | 7.78x | 8.94x | 12.16x | 13.22x |
| Emerson Electric Co. (EMR)vs › | $82.31B | 9.13x | 8.69x | 9.57x | 11.00x |
| Howmet Aerospace Inc. (HWM)vs › | $89.89B | 14.11x | 11.65x | 8.38x | 6.52x |
| CSX Corporation (CSX)vs › | $90.14B | 5.36x | 5.91x | 6.65x | 6.58x |
| Cintas Corporation (CTAS)vs › | $79.61B | 24.52x | 23.93x | 21.15x | 19.43x |
| Vertiv Holdings Co (VRT)vs › | $90.32B | 22.03x | 15.60x | 9.21x | 7.01x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.26B | 6.40x | 6.44x | 5.92x | 6.36x |
| Quanta Services, Inc. (PWR)vs › | $92.21B | 6.26x | 6.43x | 6.65x | 8.43x |
Interest Coverage
6.3x
Debt/Equity
4.25
Current Ratio
1.24
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 | 6.53x |
| 2025-12-31 | 3.58x |
| 2025-09-30 | 6.95x |
| 2025-06-30 | 4.69x |
| 2025-03-31 | 4.81x |
| 2024-12-31 | 4.39x |
| 2024-09-30 | 4.86x |
| 2024-06-30 | 4.04x |
| 2024-03-31 | 3.62x |
| 2023-12-31 | 14.14x |
| 2023-09-30 | -10.26x |
| 2023-06-30 | 6.09x |
| 2023-03-31 | 9.56x |
| 2022-12-31 | 5.30x |
| 2022-09-30 | 17.60x |
| 2022-06-30 | 1.11x |
| 2022-03-31 | 12.28x |
| 2021-12-31 | 14.63x |
| 2021-09-30 | 23.46x |
| 2021-06-30 | 16.18x |
| 2021-03-31 | 14.30x |
| 2020-12-31 | 10.30x |
| 2020-09-30 | 12.16x |
| 2020-06-30 | 10.66x |
| 2020-03-31 | 15.56x |
| 2019-12-31 | 12.07x |
| 2019-09-30 | 18.76x |
| 2019-06-30 | 17.86x |
| 2019-03-31 | 17.35x |
| 2018-12-31 | 21.31x |
| 2018-03-31 | 18.29x |
| 2017-12-31 | 19.42x |
| 2017-03-31 | 19.84x |
| 2016-12-31 | 160.00x |
| 2016-09-30 | 26.49x |
| 2016-06-30 | 49.11x |
| 2016-03-31 | 38.04x |
| 2015-12-31 | 33.33x |
| 2015-09-30 | 49.37x |
| 2015-06-30 | 52.57x |
| 2015-03-31 | 55.81x |
| 2014-12-31 | 51.94x |
| 2014-09-30 | 67.89x |
| 2014-06-30 | 41.24x |
| 2014-03-31 | 46.38x |
| 2013-12-31 | 49.34x |
| 2013-09-30 | 52.70x |
| 2013-06-30 | 41.51x |
| 2013-03-31 | 42.21x |
| 2012-12-31 | 32.80x |
| 2012-09-30 | 38.14x |
| 2012-06-30 | 40.19x |
| 2012-03-31 | 40.85x |
| 2011-12-31 | 30.31x |
| 2011-09-30 | 32.94x |
| 2011-06-30 | 33.10x |
| 2011-03-31 | 36.70x |
| 2010-12-31 | 26.02x |
| 2010-09-30 | 30.90x |
| 2010-06-30 | 30.69x |
| 2010-03-31 | 30.10x |
| 2009-12-31 | 24.85x |
| 2009-09-30 | 26.87x |
| 2009-06-30 | 21.65x |
| 2009-03-31 | 14.60x |
| 2008-06-30 | 28.41x |
| 2008-03-31 | 27.29x |