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 3.80x is 14% below its 5-year average of 4.41x, near the low end of its 5-year range (2.35x–9.59x).
3.31% below its 12-month average of 3.93x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 4.54x.
INTEREST COVERAGE RATIO
3.80x
INTEREST COVERAGE RATIO AVG TTM
3.93x
INTEREST COVERAGE RATIO AVG 3Y
3.69x
INTEREST COVERAGE RATIO AVG 5Y
4.41x
INTEREST COVERAGE RATIO AVG 10Y
6.64x
INTEREST COVERAGE RATIO AVG 15Y
6.21x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.31%
CURRENT VS 3Y AVG
+2.92%
CURRENT VS 5Y AVG
-13.93%
CURRENT VS 10Y AVG
-42.78%
CURRENT VS 15Y AVG
-38.83%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
2.36x
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
+61.02%
vs the sector median at left
Middlesex Water Company
Market Cap
$995.15M
Interest Coverage Ratio
3.80x
TTM Avg
3.93x
3Y Avg
3.69x
5Y Avg
4.41x
Market Cap
$973.37M
Interest Coverage Ratio
0.13x
TTM Avg
0.13x
3Y Avg
0.09x
5Y Avg
0.20x
Market Cap
$685.28M
Interest Coverage Ratio
3.61x
TTM Avg
3.61x
3Y Avg
3.64x
5Y Avg
2.79x
Market Cap
$607.84M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.47B
Interest Coverage Ratio
-11.27x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$496.33M
Interest Coverage Ratio
2.76x
TTM Avg
2.96x
3Y Avg
3.72x
5Y Avg
4.14x
Market Cap
$488.81M
Interest Coverage Ratio
4131.78x
TTM Avg
2155.65x
3Y Avg
1191.65x
5Y Avg
971.03x
Market Cap
$398.94M
Interest Coverage Ratio
-23.63x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$353.28M
Interest Coverage Ratio
N/A
TTM Avg
8.78x
3Y Avg
8.78x
5Y Avg
8.78x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Middlesex Water Company (MSEX) | $995.15M | 3.80x | 3.93x | 3.69x | 4.41x |
| XPLR Infrastructure, LP (XIFR)vs › | $973.37M | 0.13x | 0.13x | 0.09x | 0.20x |
| Hallador Energy Company (HNRG)vs › | $685.28M | 3.61x | 3.61x | 3.64x | 2.79x |
| General Fusion Group Ltd. (GFUZ)vs › | $607.84M | N/A | N/A | N/A | N/A |
| Fluence Energy, Inc. (FLNC)vs › | $1.47B | -11.27x | N/A | N/A | N/A |
| The York Water Company (YORW)vs › | $496.33M | 2.76x | 2.96x | 3.72x | 4.14x |
| Consolidated Water Co. Ltd. (CWCO)vs › | $488.81M | 4131.78x | 2155.65x | 1191.65x | 971.03x |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $398.94M | -23.63x | N/A | N/A | N/A |
| Digi Power X Inc. (DGXX)vs › | $353.28M | N/A | 8.78x | 8.78x | 8.78x |
| Artesian Resources Corporation (ARTNA)vs › | $346.85M | 4.10x | 3.54x | 3.08x | 3.04x |
Interest Coverage
3.8x
Debt/Equity
0.84
Current Ratio
0.50
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 | 4.54x |
| 2026-03-31 | 4.08x |
| 2025-12-31 | 2.98x |
| 2025-09-30 | 4.21x |
| 2025-06-30 | 3.84x |
| 2025-03-31 | 4.26x |
| 2024-12-31 | 3.71x |
| 2024-09-30 | 5.72x |
| 2024-06-30 | 3.79x |
| 2024-03-31 | 3.02x |
| 2023-12-31 | 2.35x |
| 2023-09-30 | 4.24x |
| 2023-06-30 | 3.28x |
| 2023-03-31 | 2.89x |
| 2022-12-31 | 4.01x |
| 2022-09-30 | 9.59x |
| 2022-06-30 | 5.54x |
| 2022-03-31 | 8.50x |
| 2021-12-31 | 3.29x |
| 2021-09-30 | 6.50x |
| 2021-06-30 | 7.54x |
| 2021-03-31 | 11.86x |
| 2020-12-31 | 10.07x |
| 2020-09-30 | 13.83x |
| 2020-06-30 | 8.15x |
| 2020-03-31 | 11.95x |
| 2019-09-30 | 10.65x |
| 2019-06-30 | 7.82x |
| 2019-03-31 | 10.26x |
| 2018-12-31 | 5.62x |
| 2018-09-30 | 7.50x |
| 2018-06-30 | 5.78x |
| 2018-03-31 | 6.54x |
| 2017-12-31 | 6.46x |
| 2017-09-30 | 9.55x |
| 2017-06-30 | 7.26x |
| 2017-03-31 | 8.57x |
| 2016-12-31 | 6.43x |
| 2016-09-30 | 11.60x |
| 2016-06-30 | 7.84x |
| 2016-03-31 | 9.05x |
| 2015-12-31 | 5.99x |
| 2015-09-30 | 8.23x |
| 2015-06-30 | 6.63x |
| 2015-03-31 | 6.85x |
| 2014-12-31 | 5.89x |
| 2014-09-30 | 8.09x |
| 2014-06-30 | 6.04x |
| 2014-03-31 | 5.76x |
| 2013-12-31 | 4.48x |
| 2013-09-30 | 7.15x |
| 2013-06-30 | 5.64x |
| 2013-03-31 | 5.25x |
| 2012-12-31 | 4.40x |
| 2012-09-30 | 6.39x |
| 2012-06-30 | 4.39x |
| 2012-03-31 | 3.18x |
| 2011-12-31 | 2.39x |
| 2011-09-30 | 5.00x |
| 2011-06-30 | 3.93x |
| 2011-03-31 | 3.93x |
| 2010-12-31 | 3.00x |
| 2010-09-30 | 5.51x |
| 2010-06-30 | 4.19x |
| 2010-03-31 | 2.31x |
| 2009-12-31 | 2.38x |
| 2009-09-30 | 4.09x |
| 2009-06-30 | 3.14x |
| 2009-03-31 | 2.16x |
