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 6.81x is in line with its 5-year average of 7.04x, near the high end of its 5-year range (-3.07x–8.24x).
As of the fiscal period ended Tuesday, June 30, 2026. 2.21% below its 12-month average of 6.96x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
6.81x
INTEREST COVERAGE RATIO AVG TTM
6.96x
INTEREST COVERAGE RATIO AVG 3Y
6.98x
INTEREST COVERAGE RATIO AVG 5Y
7.04x
INTEREST COVERAGE RATIO AVG 10Y
7.00x
INTEREST COVERAGE RATIO AVG 15Y
9.23x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.21%
CURRENT VS 3Y AVG
-2.46%
CURRENT VS 5Y AVG
-3.30%
CURRENT VS 10Y AVG
-2.81%
CURRENT VS 15Y AVG
-26.22%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-13.28%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$81.65B
Interest Coverage Ratio
6.81x
TTM Avg
6.96x
3Y Avg
6.98x
5Y Avg
7.04x
Market Cap
$82.56B
Interest Coverage Ratio
6.40x
TTM Avg
6.44x
3Y Avg
5.92x
5Y Avg
6.36x
Market Cap
$80.31B
Interest Coverage Ratio
24.52x
TTM Avg
23.93x
3Y Avg
21.15x
5Y Avg
19.43x
Market Cap
$80.28B
Interest Coverage Ratio
12.43x
TTM Avg
10.07x
3Y Avg
9.09x
5Y Avg
8.90x
Market Cap
$83.71B
Interest Coverage Ratio
14.44x
TTM Avg
14.75x
3Y Avg
15.84x
5Y Avg
15.76x
Market Cap
$77.25B
Interest Coverage Ratio
7.21x
TTM Avg
7.11x
3Y Avg
8.96x
5Y Avg
8.95x
Market Cap
$87.16B
Interest Coverage Ratio
11.75x
TTM Avg
10.95x
3Y Avg
10.33x
5Y Avg
14.73x
Market Cap
$75.88B
Interest Coverage Ratio
5.06x
TTM Avg
4.86x
3Y Avg
5.11x
5Y Avg
5.44x
Market Cap
$74.16B
Interest Coverage Ratio
4.89x
TTM Avg
5.63x
3Y Avg
8.73x
5Y Avg
11.48x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $81.65B | 6.81x | 6.96x | 6.98x | 7.04x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $82.56B | 6.40x | 6.44x | 5.92x | 6.36x |
| Cintas Corporation (CTAS)vs › | $80.31B | 24.52x | 23.93x | 21.15x | 19.43x |
| FedEx Corporation (FDX)vs › | $80.28B | 12.43x | 10.07x | 9.09x | 8.90x |
| Illinois Tool Works Inc. (ITW)vs › | $83.71B | 14.44x | 14.75x | 15.84x | 15.76x |
| Canadian National Railway Company (CNI)vs › | $77.25B | 7.21x | 7.11x | 8.96x | 8.95x |
| Cummins Inc. (CMI)vs › | $87.16B | 11.75x | 10.95x | 10.33x | 14.73x |
| Norfolk Southern Corporation (NSC)vs › | $75.88B | 5.06x | 4.86x | 5.11x | 5.44x |
| Honeywell International Inc. (HON)vs › | $74.16B | 4.89x | 5.63x | 8.73x | 11.48x |
| Waste Management, Inc. (WM)vs › | $89.62B | 5.05x | 6.00x | 7.19x | 7.13x |
Interest Coverage
6.8x
Debt/Equity
0.91
Current Ratio
1.17
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 | 6.81x |
| 2026-03-31 | 6.10x |
| 2025-12-31 | 5.94x |
| 2025-09-30 | 7.71x |
| 2025-06-30 | 8.24x |
| 2025-03-31 | 3.67x |
| 2024-12-31 | 6.81x |
| 2024-09-30 | 6.96x |
| 2024-06-30 | 7.08x |
| 2024-03-31 | 7.34x |
| 2023-12-31 | -3.07x |
| 2023-09-30 | 7.21x |
| 2023-06-30 | 6.58x |
| 2023-03-31 | 7.34x |
| 2022-12-31 | 7.55x |
| 2022-09-30 | 6.92x |
| 2022-06-30 | 7.28x |
| 2022-03-31 | 6.74x |
| 2021-12-31 | 5.58x |
| 2021-09-30 | 7.90x |
| 2021-06-30 | 7.68x |
| 2021-03-31 | 18.21x |
| 2020-12-31 | 7.20x |
| 2020-09-30 | 6.40x |
| 2020-06-30 | 6.45x |
| 2020-03-31 | 7.47x |
| 2019-12-31 | 8.74x |
| 2019-09-30 | 7.73x |
| 2019-06-30 | 6.91x |
| 2019-03-31 | 6.78x |
| 2018-12-31 | 6.51x |
| 2018-09-30 | 8.86x |
| 2018-06-30 | 5.72x |
| 2018-03-31 | 5.97x |
| 2017-12-31 | 5.64x |
| 2017-09-30 | 11.58x |
| 2017-06-30 | 11.25x |
| 2017-03-31 | 11.09x |
| 2016-12-31 | 10.79x |
| 2016-09-30 | 11.16x |
| 2016-06-30 | 10.77x |
| 2016-03-31 | 9.72x |
| 2015-12-31 | 9.19x |
| 2015-09-30 | 10.59x |
| 2015-06-30 | 10.84x |
| 2015-03-31 | 10.26x |
| 2014-12-31 | 10.30x |
| 2014-09-30 | 11.14x |
| 2014-06-30 | 11.71x |
| 2014-03-31 | 12.25x |
| 2013-12-31 | 10.38x |
| 2013-09-30 | 11.29x |
| 2013-06-30 | 13.43x |
| 2013-03-31 | 14.32x |
| 2012-12-31 | 15.26x |
| 2012-09-30 | 13.89x |
| 2012-06-30 | 14.88x |
| 2012-03-31 | 15.02x |
| 2011-12-31 | 15.08x |
| 2011-09-30 | 14.47x |
| 2011-06-30 | 15.87x |
| 2011-03-31 | 13.98x |
| 2010-12-31 | 12.12x |
| 2010-09-30 | 11.78x |
| 2010-06-30 | 10.53x |
| 2010-03-31 | 9.56x |
| 2009-12-31 | 8.39x |
| 2009-09-30 | 8.62x |
| 2009-06-30 | 9.33x |
| 2009-03-31 | 8.97x |
