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 14.99x is in line with its 5-year average of 13.67x, near the high end of its 5-year range (-18.09x–25.12x).
As of the fiscal period ended Wednesday, December 31, 2025. 19.73% below its 12-month average of 18.67x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
14.99x
INTEREST COVERAGE RATIO AVG TTM
18.67x
INTEREST COVERAGE RATIO AVG 3Y
17.57x
INTEREST COVERAGE RATIO AVG 5Y
17.78x
INTEREST COVERAGE RATIO AVG 10Y
15.26x
INTEREST COVERAGE RATIO AVG 15Y
13.67x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-19.73%
CURRENT VS 3Y AVG
-14.71%
CURRENT VS 5Y AVG
-15.68%
CURRENT VS 10Y AVG
-1.77%
CURRENT VS 15Y AVG
+9.65%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
6.77x
median of 73 covered companies
CURRENT VS SECTOR MEDIAN
+121.39%
vs the sector median at left
Merck & Co., Inc.
Market Cap
$321.62B
Interest Coverage Ratio
14.99x
TTM Avg
18.67x
3Y Avg
17.57x
5Y Avg
17.78x
Market Cap
$376.34B
Interest Coverage Ratio
4.74x
TTM Avg
6.50x
3Y Avg
9.14x
5Y Avg
10.75x
Market Cap
$213.42B
Interest Coverage Ratio
5.71x
TTM Avg
5.17x
3Y Avg
6.77x
5Y Avg
10.10x
Market Cap
$209.19B
Interest Coverage Ratio
30.34x
TTM Avg
54.30x
3Y Avg
123.94x
5Y Avg
139.58x
Market Cap
$207.87B
Interest Coverage Ratio
3.88x
TTM Avg
3.09x
3Y Avg
3.93x
5Y Avg
4.89x
Market Cap
$443.24B
Interest Coverage Ratio
6.94x
TTM Avg
5.10x
3Y Avg
6.01x
5Y Avg
6.01x
Market Cap
$184.11B
Interest Coverage Ratio
23.60x
TTM Avg
17.46x
3Y Avg
17.67x
5Y Avg
16.77x
Market Cap
$161.66B
Interest Coverage Ratio
11.43x
TTM Avg
6.56x
3Y Avg
7.26x
5Y Avg
7.18x
Market Cap
$142.54B
Interest Coverage Ratio
5.78x
TTM Avg
5.55x
3Y Avg
10.96x
5Y Avg
11.04x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merck & Co., Inc. (MRK) | $321.62B | 14.99x | 18.67x | 17.57x | 17.78x |
| UnitedHealth Group Incorporated (UNH)vs › | $376.34B | 4.74x | 6.50x | 9.14x | 10.75x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $213.42B | 5.71x | 5.17x | 6.77x | 10.10x |
| Novo Nordisk A/S (NVO)vs › | $209.19B | 30.34x | 54.30x | 123.94x | 139.58x |
| Amgen Inc. (AMGN)vs › | $207.87B | 3.88x | 3.09x | 3.93x | 4.89x |
| AbbVie Inc. (ABBV)vs › | $443.24B | 6.94x | 5.10x | 6.01x | 6.01x |
| Abbott Laboratories (ABT)vs › | $184.11B | 23.60x | 17.46x | 17.67x | 16.77x |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 11.43x | 6.56x | 7.26x | 7.18x |
| Pfizer Inc. (PFE)vs › | $142.54B | 5.78x | 5.55x | 10.96x | 11.04x |
| Danaher Corporation (DHR)vs › | $137.13B | 19.38x | 19.02x | 23.18x | 23.65x |
Interest Coverage
15.0x
Debt/Equity
0.96
Current Ratio
1.54
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 |
|---|---|
| 2025-12-31 | 14.99x |
| 2025-09-30 | 22.82x |
| 2025-06-30 | 20.85x |
| 2025-03-31 | 21.44x |
| 2024-12-31 | 13.26x |
| 2024-09-30 | 12.07x |
| 2024-06-30 | 19.77x |
| 2024-03-31 | 19.01x |
| 2023-12-31 | -5.53x |
| 2023-09-30 | 18.52x |
| 2023-06-30 | -18.09x |
| 2023-03-31 | 15.73x |
| 2022-12-31 | 14.84x |
| 2022-09-30 | 16.83x |
| 2022-06-30 | 21.11x |
| 2022-03-31 | 23.14x |
| 2021-12-31 | 17.94x |
| 2021-09-30 | 25.12x |
| 2021-06-30 | 8.40x |
| 2021-03-31 | 14.14x |
| 2020-12-31 | -9.37x |
| 2020-09-30 | 12.35x |
| 2020-06-30 | 11.66x |
| 2020-03-31 | 18.78x |
| 2019-12-31 | 12.61x |
| 2019-09-30 | 11.32x |
| 2019-06-30 | 14.84x |
| 2019-03-31 | 16.31x |
| 2018-12-31 | 14.05x |
| 2018-09-30 | 14.02x |
| 2018-06-30 | 11.68x |
| 2018-03-31 | 6.21x |
| 2017-12-31 | 11.41x |
| 2017-09-30 | 0.77x |
| 2017-06-30 | 13.12x |
| 2017-03-31 | 11.45x |
| 2016-12-31 | -2.55x |
| 2016-09-30 | 18.06x |
| 2016-06-30 | 9.69x |
| 2016-03-31 | 10.25x |
| 2015-12-31 | 11.55x |
| 2015-09-30 | 14.18x |
| 2015-06-30 | 9.98x |
| 2015-03-31 | 9.26x |
| 2014-12-31 | 9.24x |
| 2014-09-30 | 8.90x |
| 2014-06-30 | 7.47x |
| 2014-03-31 | 10.92x |
| 2013-12-31 | 9.43x |
| 2013-09-30 | 11.47x |
| 2013-06-30 | 7.39x |
| 2013-03-31 | 9.88x |
| 2012-12-31 | 10.33x |
| 2012-09-30 | 13.31x |
| 2012-06-30 | 16.19x |
| 2012-03-31 | 15.76x |
| 2011-12-31 | 10.39x |
| 2011-09-30 | 13.50x |
| 2011-06-30 | 14.48x |
| 2011-03-31 | 11.82x |
| 2010-12-31 | -2.50x |
| 2010-09-30 | 8.21x |
| 2010-06-30 | 7.80x |
| 2010-03-31 | 5.15x |
| 2009-12-31 | -1.40x |
| 2009-09-30 | 12.55x |
| 2009-06-30 | 14.28x |
| 2009-03-31 | 19.68x |
| 2008-09-30 | 21.91x |
| 2008-06-30 | 30.75x |
| 2008-03-31 | 22.75x |
