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 0.70x is 98% below its 5-year average of 32.87x, near the low end of its 5-year range (0.08x–299.76x).
As of the fiscal period ended Tuesday, June 30, 2026. 51.62% above its 12-month average of 0.46x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
0.70x
INTEREST COVERAGE RATIO AVG TTM
0.46x
INTEREST COVERAGE RATIO AVG 3Y
0.36x
INTEREST COVERAGE RATIO AVG 5Y
0.46x
INTEREST COVERAGE RATIO AVG 10Y
3.22x
INTEREST COVERAGE RATIO AVG 15Y
4.10x
INTEREST COVERAGE RATIO AVG 20Y
3.30x
CURRENT VS TTM AVG
+51.62%
CURRENT VS 3Y AVG
+93.59%
CURRENT VS 5Y AVG
+52.14%
CURRENT VS 10Y AVG
-78.18%
CURRENT VS 15Y AVG
-82.85%
CURRENT VS 20Y AVG
-78.72%
SECTOR MEDIAN · FINANCIAL SERVICES
5.21x
median of 92 covered companies
CURRENT VS SECTOR MEDIAN
-86.50%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.94B
Interest Coverage Ratio
0.70x
TTM Avg
0.46x
3Y Avg
0.36x
5Y Avg
0.46x
Market Cap
$33.92B
Interest Coverage Ratio
2.47x
TTM Avg
1.87x
3Y Avg
3.00x
5Y Avg
4.98x
Market Cap
$34.41B
Interest Coverage Ratio
33.64x
TTM Avg
32.69x
3Y Avg
24.80x
5Y Avg
20.26x
Market Cap
$35.46B
Interest Coverage Ratio
0.62x
TTM Avg
0.57x
3Y Avg
1.45x
5Y Avg
4.33x
Market Cap
$32.02B
Interest Coverage Ratio
8.59x
TTM Avg
5.48x
3Y Avg
5.61x
5Y Avg
6.07x
Market Cap
$36.30B
Interest Coverage Ratio
1.04x
TTM Avg
0.92x
3Y Avg
2.29x
5Y Avg
6.02x
Market Cap
$30.73B
Interest Coverage Ratio
0.61x
TTM Avg
0.51x
3Y Avg
1.02x
5Y Avg
2.42x
Market Cap
$29.99B
Interest Coverage Ratio
28.95x
TTM Avg
25.14x
3Y Avg
18.85x
5Y Avg
18.21x
Market Cap
$39.28B
Interest Coverage Ratio
23.92x
TTM Avg
21.63x
3Y Avg
17.35x
5Y Avg
15.13x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Trust Corporation (NTRS) | $33.94B | 0.70x | 0.46x | 0.36x | 0.46x |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 2.47x | 1.87x | 3.00x | 4.98x |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 33.64x | 32.69x | 24.80x | 20.26x |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 0.62x | 0.57x | 1.45x | 4.33x |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 8.59x | 5.48x | 5.61x | 6.07x |
| M&T Bank Corporation (MTB)vs › | $36.30B | 1.04x | 0.92x | 2.29x | 6.02x |
| Citizens Financial Group, Inc. (CFG)vs › | $30.73B | 0.61x | 0.51x | 1.02x | 2.42x |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.99B | 28.95x | 25.14x | 18.85x | 18.21x |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 23.92x | 21.63x | 17.35x | 15.13x |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | 16.81x | 22.71x | 22.71x | 50.31x |
Interest Coverage
0.7x
Debt/Equity
1.18
Current Ratio
4.99
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 | 0.70x |
| 2026-03-31 | 0.44x |
| 2025-12-31 | 0.42x |
| 2025-09-30 | 0.40x |
| 2025-06-30 | 0.35x |
| 2025-03-31 | 0.33x |
| 2024-12-31 | 0.35x |
| 2024-09-30 | 0.31x |
| 2024-06-30 | 0.59x |
| 2024-03-31 | 0.15x |
| 2023-12-31 | 0.08x |
| 2023-09-30 | 0.29x |
| 2023-06-30 | 0.36x |
| 2023-03-31 | 0.48x |
| 2022-12-31 | 0.30x |
| 2022-09-30 | 1.83x |
| 2022-06-30 | 8.18x |
| 2022-03-31 | 204.32x |
| 2021-12-31 | 299.76x |
| 2021-09-30 | 105.73x |
| 2021-06-30 | 64.87x |
| 2021-03-31 | 50.60x |
| 2020-12-31 | 20.52x |
| 2020-09-30 | 14.55x |
| 2020-06-30 | 11.79x |
| 2020-03-31 | 3.81x |
| 2019-12-31 | 3.07x |
| 2019-09-30 | 2.50x |
| 2019-06-30 | 2.28x |
| 2019-03-31 | 1.88x |
| 2018-12-31 | 2.10x |
| 2018-09-30 | 2.52x |
| 2018-06-30 | 3.28x |
| 2018-03-31 | 3.97x |
| 2017-12-31 | 4.03x |
| 2017-09-30 | 4.18x |
| 2017-06-30 | 5.16x |
| 2017-03-31 | 6.88x |
| 2016-12-31 | 8.34x |
| 2016-09-30 | 8.11x |
| 2016-06-30 | 8.77x |
| 2016-03-31 | 8.13x |
| 2015-12-31 | 8.48x |
| 2015-09-30 | 9.60x |
| 2015-06-30 | 10.94x |
| 2015-03-31 | 9.16x |
| 2014-12-31 | 8.64x |
| 2014-09-30 | 6.84x |
| 2014-06-30 | 5.74x |
| 2014-03-31 | 5.42x |
| 2013-12-31 | 4.68x |
| 2013-09-30 | 5.57x |
| 2013-06-30 | 5.18x |
| 2013-03-31 | 4.00x |
| 2012-12-31 | 3.29x |
| 2012-09-30 | 3.43x |
| 2012-06-30 | 3.95x |
| 2012-03-31 | 2.80x |
| 2011-12-31 | 2.07x |
| 2011-09-30 | 2.80x |
| 2011-06-30 | 2.02x |
| 2011-03-31 | 2.04x |
| 2010-12-31 | 1.91x |
| 2010-09-30 | 2.46x |
| 2010-06-30 | 3.52x |
| 2010-03-31 | 2.84x |
| 2009-12-31 | 3.10x |
| 2009-09-30 | 2.72x |
| 2009-06-30 | 4.52x |
| 2009-03-31 | 2.10x |
| 2008-12-31 | 2.22x |
| 2008-09-30 | -0.65x |
| 2008-06-30 | 1.21x |
| 2008-03-31 | 1.36x |
| 2007-12-31 | 0.35x |
| 2007-09-30 | 0.59x |
| 2007-06-30 | 0.66x |
| 2007-03-31 | 0.62x |
| 2006-12-31 | 0.56x |
| 2006-09-30 | 0.65x |
| 2006-06-30 | 0.79x |
| 2006-03-31 | 0.83x |
| 2005-12-31 | 0.81x |
| 2005-09-30 | 0.93x |
| 2005-06-30 | 1.01x |
| 2005-03-31 | 1.14x |
| 2004-12-31 | 1.13x |
| 2004-09-30 | 1.20x |
| 2004-06-30 | 1.56x |
| 2004-03-31 | 1.66x |
| 2003-12-31 | 1.65x |
| 2003-09-30 | 1.44x |
| 2003-06-30 | 0.89x |
| 2003-03-31 | 1.06x |
| 2002-12-31 | 0.93x |
| 2002-09-30 | 0.91x |