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 16.32x is in line with its 5-year average of 17.43x, near the low end of its 5-year range (12.95x–26.18x).
3.11% below its 12-month average of 16.84x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 17.78x.
INTEREST COVERAGE RATIO
16.32x
INTEREST COVERAGE RATIO AVG TTM
16.84x
INTEREST COVERAGE RATIO AVG 3Y
15.40x
INTEREST COVERAGE RATIO AVG 5Y
17.43x
INTEREST COVERAGE RATIO AVG 10Y
18.58x
INTEREST COVERAGE RATIO AVG 15Y
18.55x
INTEREST COVERAGE RATIO AVG 20Y
17.40x
CURRENT VS TTM AVG
-3.11%
CURRENT VS 3Y AVG
+5.97%
CURRENT VS 5Y AVG
-6.37%
CURRENT VS 10Y AVG
-12.18%
CURRENT VS 15Y AVG
-12.01%
CURRENT VS 20Y AVG
-6.23%
SECTOR MEDIAN · HEALTHCARE
6.88x
median of 82 covered companies
CURRENT VS SECTOR MEDIAN
+137.04%
vs the sector median at left
Mettler-Toledo International Inc.
Market Cap
$26.79B
Interest Coverage Ratio
16.32x
TTM Avg
16.84x
3Y Avg
15.40x
5Y Avg
17.43x
Market Cap
$27.19B
Interest Coverage Ratio
2.72x
TTM Avg
2.21x
3Y Avg
1.60x
5Y Avg
1.60x
Market Cap
$27.22B
Interest Coverage Ratio
5.79x
TTM Avg
5.88x
3Y Avg
7.29x
5Y Avg
9.45x
Market Cap
$26.29B
Interest Coverage Ratio
6.77x
TTM Avg
5.99x
3Y Avg
5.91x
5Y Avg
8.30x
Market Cap
$25.92B
Interest Coverage Ratio
1029.00x
TTM Avg
617.01x
3Y Avg
353.82x
5Y Avg
258.97x
Market Cap
$24.64B
Interest Coverage Ratio
553.04x
TTM Avg
298.73x
3Y Avg
269.07x
5Y Avg
276.66x
Market Cap
$29.07B
Interest Coverage Ratio
6.14x
TTM Avg
5.67x
3Y Avg
11.29x
5Y Avg
26.04x
Market Cap
$24.49B
Interest Coverage Ratio
-45.74x
TTM Avg
444.02x
3Y Avg
1201.03x
5Y Avg
1201.03x
Market Cap
$30.77B
Interest Coverage Ratio
14.80x
TTM Avg
14.41x
3Y Avg
13.27x
5Y Avg
12.34x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mettler-Toledo International Inc. (MTD) | $26.79B | 16.32x | 16.84x | 15.40x | 17.43x |
| Medline Inc. (MDLN)vs › | $27.19B | 2.72x | 2.21x | 1.60x | 1.60x |
| Quest Diagnostics Incorporated (DGX)vs › | $27.22B | 5.79x | 5.88x | 7.29x | 9.45x |
| Labcorp Holdings Inc. (LH)vs › | $26.29B | 6.77x | 5.99x | 5.91x | 8.30x |
| West Pharmaceutical Services, Inc. (WST)vs › | $25.92B | 1029.00x | 617.01x | 353.82x | 258.97x |
| Incyte Corporation (INCY)vs › | $24.64B | 553.04x | 298.73x | 269.07x | 276.66x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.07B | 6.14x | 5.67x | 11.29x | 26.04x |
| BioNTech SE (BNTX)vs › | $24.49B | -45.74x | 444.02x | 1201.03x | 1201.03x |
| Zoetis Inc. (ZTS)vs › | $30.77B | 14.80x | 14.41x | 13.27x | 12.34x |
| Waters Corporation (WAT)vs › | $31.29B | 12.84x | 11.03x | 12.05x | 13.28x |
Interest Coverage
16.3x
Debt/Equity
164.70
Current Ratio
1.12
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 | 17.78x |
| 2026-03-31 | 14.48x |
| 2025-12-31 | 19.75x |
| 2025-09-30 | 16.38x |
| 2025-06-30 | 15.84x |
| 2025-03-31 | 13.18x |
| 2024-12-31 | 18.69x |
| 2024-09-30 | 14.96x |
| 2024-06-30 | 14.03x |
| 2024-03-31 | 12.95x |
| 2023-12-31 | 13.42x |
| 2023-09-30 | 13.69x |
| 2023-06-30 | 15.05x |
| 2023-03-31 | 13.68x |
| 2022-12-31 | 20.36x |
| 2022-09-30 | 20.05x |
| 2022-06-30 | 21.08x |
| 2022-03-31 | 19.81x |
| 2021-12-31 | 26.18x |
| 2021-09-30 | 21.78x |
| 2021-06-30 | 22.90x |
| 2021-03-31 | 20.78x |
| 2020-12-31 | 29.26x |
| 2020-09-30 | 23.19x |
| 2020-06-30 | 16.99x |
| 2020-03-31 | 12.46x |
| 2019-12-31 | 25.27x |
| 2019-09-30 | 18.76x |
| 2019-06-30 | 18.62x |
| 2019-03-31 | 14.91x |
| 2018-12-31 | 25.76x |
| 2018-09-30 | 18.89x |
| 2018-06-30 | 18.93x |
| 2018-03-31 | 15.29x |
| 2017-12-31 | 23.90x |
| 2017-09-30 | 18.31x |
| 2017-06-30 | 16.79x |
| 2017-03-31 | 15.15x |
| 2016-12-31 | 25.40x |
| 2016-09-30 | 19.67x |
| 2016-06-30 | 17.52x |
| 2016-03-31 | 14.22x |
| 2015-12-31 | 25.79x |
| 2015-09-30 | 18.00x |
| 2015-06-30 | 15.94x |
| 2015-03-31 | 13.35x |
| 2014-12-31 | 24.36x |
| 2014-09-30 | 19.95x |
| 2014-06-30 | 17.74x |
| 2014-03-31 | 14.80x |
| 2013-12-31 | 25.44x |
| 2013-09-30 | 19.69x |
| 2013-06-30 | 18.15x |
| 2013-03-31 | 14.87x |
| 2012-12-31 | 26.08x |
| 2012-09-30 | 18.68x |
| 2012-06-30 | 16.77x |
| 2012-03-31 | 12.98x |
| 2011-12-31 | 20.95x |
| 2011-09-30 | 15.90x |
| 2011-06-30 | 15.85x |
| 2011-03-31 | 12.28x |
| 2010-12-31 | 22.85x |
| 2010-09-30 | 17.13x |
| 2010-06-30 | 16.21x |
| 2010-03-31 | 10.86x |
| 2009-12-31 | 218.64x |
| 2009-09-30 | 10.03x |
| 2009-06-30 | 8.71x |
| 2009-03-31 | 9.47x |
| 2008-09-30 | 10.78x |
| 2008-06-30 | 12.03x |
| 2008-03-31 | 9.56x |
| 2007-09-30 | 11.60x |
| 2007-06-30 | 12.16x |
| 2007-03-31 | 10.27x |
| 2006-09-30 | 48203.64x |
| 2006-03-31 | 8.69x |
| 2005-09-30 | 12.01x |
| 2005-06-30 | 12.85x |
| 2004-09-30 | 13.05x |