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 2.88x is 65% below its 5-year average of 8.21x, near the low end of its 5-year range (1.26x–38.04x).
As of the fiscal period ended Tuesday, March 31, 2026. 40.54% below its 12-month average of 4.85x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
2.88x
INTEREST COVERAGE RATIO AVG TTM
4.85x
INTEREST COVERAGE RATIO AVG 3Y
3.78x
INTEREST COVERAGE RATIO AVG 5Y
6.64x
INTEREST COVERAGE RATIO AVG 10Y
4.51x
INTEREST COVERAGE RATIO AVG 15Y
8.14x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-40.54%
CURRENT VS 3Y AVG
-23.86%
CURRENT VS 5Y AVG
-56.61%
CURRENT VS 10Y AVG
-36.10%
CURRENT VS 15Y AVG
-64.62%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
10.00x
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-71.19%
vs the sector median at left
Nutrien Ltd.
Market Cap
$33.16B
Interest Coverage Ratio
2.88x
TTM Avg
4.85x
3Y Avg
3.78x
5Y Avg
6.64x
Market Cap
$31.53B
Interest Coverage Ratio
6.65x
TTM Avg
11.34x
3Y Avg
9.87x
5Y Avg
9.13x
Market Cap
$34.85B
Interest Coverage Ratio
3.41x
TTM Avg
5.28x
3Y Avg
5.86x
5Y Avg
6.14x
Market Cap
$36.01B
Interest Coverage Ratio
21.07x
TTM Avg
27.77x
3Y Avg
38.09x
5Y Avg
39.41x
Market Cap
$25.82B
Interest Coverage Ratio
18.57x
TTM Avg
13.37x
3Y Avg
8.44x
5Y Avg
8.44x
Market Cap
$24.57B
Interest Coverage Ratio
9.00x
TTM Avg
9.25x
3Y Avg
9.18x
5Y Avg
10.59x
Market Cap
$21.62B
Interest Coverage Ratio
-7.58x
TTM Avg
1.96x
3Y Avg
2.92x
5Y Avg
2.76x
Market Cap
$20.73B
Interest Coverage Ratio
18.36x
TTM Avg
23.77x
3Y Avg
32.80x
5Y Avg
24.91x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nutrien Ltd. (NTR) | $33.16B | 2.88x | 4.85x | 3.78x | 6.64x |
| Martin Marietta Materials, Inc. (MLM)vs › | $31.53B | 6.65x | 11.34x | 9.87x | 9.13x |
| Vulcan Materials Company (VMC)vs › | $34.85B | 3.41x | 5.28x | 5.86x | 6.14x |
| Steel Dynamics, Inc. (STLD)vs › | $36.01B | 21.07x | 27.77x | 38.09x | 39.41x |
| Carpenter Technology Corporation (CRS)vs › | $25.82B | 18.57x | 13.37x | 8.44x | 8.44x |
| PPG Industries, Inc. (PPG)vs › | $24.57B | 9.00x | 9.25x | 9.18x | 10.59x |
| Dow Inc. (DOW)vs › | $21.88B | 0.30x | 1.51x | 3.66x | 4.83x |
| International Paper Company (IP)vs › | $21.62B | -7.58x | 1.96x | 2.92x | 2.76x |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.73B | 18.36x | 23.77x | 32.80x | 24.91x |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.23B | 3.68x | 3.09x | 3.09x | 3.13x |
Interest Coverage
2.9x
Debt/Equity
0.51
Current Ratio
1.34
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 |
|---|---|
| 2026-03-31 | 2.88x |
| 2025-12-31 | 3.43x |
| 2025-09-30 | 5.16x |
| 2025-06-30 | 11.50x |
| 2025-03-31 | 1.26x |
| 2024-12-31 | 2.49x |
| 2024-09-30 | 1.44x |
| 2024-06-30 | 5.21x |
| 2024-03-31 | 2.34x |
| 2023-12-31 | 2.13x |
| 2023-06-30 | 9.75x |
| 2023-03-31 | 5.52x |
| 2022-12-31 | 9.24x |
| 2022-09-30 | 14.06x |
| 2022-06-30 | 38.04x |
| 2022-03-31 | 18.34x |
| 2021-12-31 | 7.45x |
| 2021-09-30 | 8.66x |
| 2021-06-30 | 12.95x |
| 2021-03-31 | 2.32x |
| 2020-12-31 | 3.31x |
| 2020-09-30 | -5.60x |
| 2020-06-30 | 8.19x |
| 2020-03-31 | 0.86x |
| 2019-12-31 | 0.44x |
| 2019-09-30 | 2.23x |
| 2019-06-30 | 9.06x |
| 2019-03-31 | 1.43x |
| 2018-12-31 | 3.92x |
| 2018-09-30 | -9.57x |
| 2018-06-30 | 8.65x |
| 2018-03-31 | 0.64x |
| 2017-12-31 | -5.78x |
| 2017-09-30 | 1.67x |
| 2017-06-30 | 2.44x |
| 2017-03-31 | 2.97x |
| 2016-12-31 | 1.48x |
| 2016-09-30 | 2.51x |
| 2016-06-30 | 3.69x |
| 2016-03-31 | 3.06x |
| 2015-12-31 | 6.83x |
| 2015-09-30 | 8.59x |
| 2015-06-30 | 12.38x |
| 2015-03-31 | 11.41x |
| 2014-12-31 | 14.21x |
| 2014-09-30 | 11.06x |
| 2014-06-30 | 14.29x |
| 2014-03-31 | 11.30x |
| 2013-12-31 | 9.18x |
| 2013-09-30 | 15.30x |
| 2013-06-30 | 23.77x |
| 2013-03-31 | 23.34x |
| 2012-12-31 | 18.03x |
| 2012-09-30 | 38.25x |
| 2012-06-30 | 27.65x |
| 2012-03-31 | 20.15x |
| 2011-12-31 | 36.26x |
| 2011-09-30 | 27.92x |
| 2011-06-30 | 29.29x |
| 2011-03-31 | 17.67x |
| 2010-12-31 | 22.15x |
| 2010-09-30 | 16.90x |
| 2010-06-30 | 16.24x |
| 2010-03-31 | 18.00x |
| 2009-12-31 | 7.65x |
| 2009-09-30 | 10.88x |
| 2009-06-30 | 8.80x |
| 2009-03-31 | 9.35x |
| 2008-12-31 | 22.86x |
| 2008-09-30 | 112.07x |
| 2008-06-30 | 82.55x |
| 2008-03-31 | 66.88x |
