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 2.82x is 10% below its 5-year average of 3.15x, near the low end of its 5-year range (2.75x–3.56x).
0.53% below its 12-month average of 2.84x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 2.81x.
INTEREST COVERAGE RATIO
2.82x
INTEREST COVERAGE RATIO AVG TTM
2.84x
INTEREST COVERAGE RATIO AVG 3Y
3.08x
INTEREST COVERAGE RATIO AVG 5Y
3.15x
INTEREST COVERAGE RATIO AVG 10Y
3.16x
INTEREST COVERAGE RATIO AVG 15Y
3.05x
INTEREST COVERAGE RATIO AVG 20Y
2.88x
CURRENT VS TTM AVG
-0.53%
CURRENT VS 3Y AVG
-8.32%
CURRENT VS 5Y AVG
-10.44%
CURRENT VS 10Y AVG
-10.80%
CURRENT VS 15Y AVG
-7.44%
CURRENT VS 20Y AVG
-2.05%
SECTOR MEDIAN · REAL ESTATE
2.72x
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+3.68%
vs the sector median at left
NNN REIT, Inc.
Market Cap
$8.22B
Interest Coverage Ratio
2.82x
TTM Avg
2.84x
3Y Avg
3.08x
5Y Avg
3.15x
Market Cap
$8.14B
Interest Coverage Ratio
3.42x
TTM Avg
3.35x
3Y Avg
3.59x
5Y Avg
3.63x
Market Cap
$8.42B
Interest Coverage Ratio
2.53x
TTM Avg
2.65x
3Y Avg
2.97x
5Y Avg
3.17x
Market Cap
$9.22B
Interest Coverage Ratio
-5.30x
TTM Avg
6.72x
3Y Avg
5.89x
5Y Avg
5.52x
Market Cap
$6.94B
Interest Coverage Ratio
5.86x
TTM Avg
6.47x
3Y Avg
5.74x
5Y Avg
5.83x
Market Cap
$9.84B
Interest Coverage Ratio
2.54x
TTM Avg
2.62x
3Y Avg
2.87x
5Y Avg
2.78x
Market Cap
$10.34B
Interest Coverage Ratio
2.09x
TTM Avg
2.19x
3Y Avg
2.28x
5Y Avg
2.29x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NNN REIT, Inc. (NNN) | $8.22B | 2.82x | 2.84x | 3.08x | 3.15x |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.14B | 3.42x | 3.35x | 3.59x | 3.63x |
| Agree Realty Corporation (ADC)vs › | $8.42B | 2.53x | 2.65x | 2.97x | 3.17x |
| CubeSmart (CUBE)vs › | $9.04B | 3.93x | 3.93x | 3.93x | 3.93x |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.22B | -5.30x | 6.72x | 5.89x | 5.52x |
| Terreno Realty Corporation (TRNO)vs › | $6.94B | 5.86x | 6.47x | 5.74x | 5.83x |
| Federal Realty Investment Trust (FRT)vs › | $9.84B | 2.54x | 2.62x | 2.87x | 2.78x |
| BXP, Inc. (BXP)vs › | $10.18B | 3.00x | 2.29x | 2.21x | 2.20x |
| Camden Property Trust (CPT)vs › | $10.34B | 2.09x | 2.19x | 2.28x | 2.29x |
| UDR, Inc. (UDR)vs › | $11.22B | 1.64x | 1.50x | 2.02x | 1.79x |
Interest Coverage
2.8x
Debt/Equity
1.12
Current Ratio
0.66
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 | 2.81x |
| 2026-03-31 | 2.75x |
| 2025-12-31 | 2.79x |
| 2025-09-30 | 2.78x |
| 2025-06-30 | 3.04x |
| 2025-03-31 | 3.01x |
| 2024-12-31 | 3.07x |
| 2024-09-30 | 3.09x |
| 2024-06-30 | 3.27x |
| 2024-03-31 | 3.14x |
| 2023-12-31 | 3.22x |
| 2023-09-30 | 3.56x |
| 2023-06-30 | 3.46x |
| 2023-03-31 | 3.32x |
| 2022-12-31 | 3.41x |
| 2022-09-30 | 3.39x |
| 2022-06-30 | 3.02x |
| 2022-03-31 | 3.22x |
| 2021-12-31 | 3.11x |
| 2021-09-30 | 3.47x |
| 2021-06-30 | 3.21x |
| 2021-03-31 | 3.25x |
| 2020-12-31 | 2.91x |
| 2020-09-30 | 2.75x |
| 2020-06-30 | 2.45x |
| 2020-03-31 | 3.43x |
| 2019-12-31 | 3.43x |
| 2019-09-30 | 3.21x |
| 2019-06-30 | 3.64x |
| 2019-03-31 | 3.61x |
| 2018-12-31 | 2.52x |
| 2018-09-30 | 3.48x |
| 2018-06-30 | 3.45x |
| 2018-03-31 | 3.43x |
| 2017-12-31 | 3.08x |
| 2017-09-30 | 3.05x |
| 2017-06-30 | 3.03x |
| 2017-03-31 | 3.21x |
| 2016-12-31 | 3.52x |
| 2016-09-30 | 2.91x |
| 2016-06-30 | 3.12x |
| 2016-03-31 | 3.29x |
| 2015-12-31 | 3.08x |
| 2015-09-30 | 3.46x |
| 2015-06-30 | 3.11x |
| 2015-03-31 | 3.20x |
| 2014-12-31 | 3.34x |
| 2014-09-30 | 3.07x |
| 2014-06-30 | 2.97x |
| 2014-03-31 | 3.07x |
| 2013-12-31 | 3.09x |
| 2013-09-30 | 3.14x |
| 2013-06-30 | 2.55x |
| 2013-03-31 | 2.51x |
| 2012-12-31 | 2.54x |
| 2012-09-30 | 2.09x |
| 2012-06-30 | 2.59x |
| 2012-03-31 | 2.47x |
| 2011-12-31 | 2.38x |
| 2011-09-30 | 2.08x |
| 2011-06-30 | 2.20x |
| 2011-03-31 | 2.15x |
| 2010-12-31 | 1.81x |
| 2010-09-30 | 2.21x |
| 2010-06-30 | 2.28x |
| 2010-03-31 | 1.99x |
| 2009-12-31 | 0.64x |
| 2009-09-30 | 2.37x |
| 2009-06-30 | 2.36x |
| 2009-03-31 | 2.37x |
| 2008-12-31 | 2.57x |
| 2008-09-30 | 2.66x |
| 2008-06-30 | 2.58x |
| 2008-03-31 | 2.23x |
| 2007-12-31 | 0.67x |
| 2007-09-30 | 2.67x |
| 2007-06-30 | 2.47x |
| 2007-03-31 | 2.40x |
| 2006-12-31 | 0.56x |
| 2006-09-30 | 1.66x |
| 2006-06-30 | 1.95x |
| 2006-03-31 | 2.33x |
| 2005-12-31 | 0.60x |
| 2005-09-30 | 2.31x |
| 2005-06-30 | 2.54x |
| 2005-03-31 | 2.58x |
| 2004-12-31 | 0.58x |
| 2004-09-30 | 2.36x |
| 2004-06-30 | 2.21x |
