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 25.83x is 42% below its 4-year average of 44.68x, near the low end of its 4-year range (12.62x–146.29x).
As of the fiscal period ended Sunday, December 31, 2023.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
25.83x
INTEREST COVERAGE RATIO AVG TTM
N/A
INTEREST COVERAGE RATIO AVG 3Y
24.35x
INTEREST COVERAGE RATIO AVG 5Y
44.68x
INTEREST COVERAGE RATIO AVG 10Y
44.68x
INTEREST COVERAGE RATIO AVG 15Y
54.62x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
+6.08%
CURRENT VS 5Y AVG
-42.18%
CURRENT VS 10Y AVG
-42.18%
CURRENT VS 15Y AVG
-52.70%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.02x
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+222.12%
vs the sector median at left
Nova Ltd.
Market Cap
$13.08B
Interest Coverage Ratio
25.83x
TTM Avg
N/A
3Y Avg
24.35x
5Y Avg
44.68x
Market Cap
$13.20B
Interest Coverage Ratio
11.69x
TTM Avg
6.57x
3Y Avg
12.96x
5Y Avg
18.85x
Market Cap
$13.31B
Interest Coverage Ratio
7.54x
TTM Avg
6.59x
3Y Avg
4.91x
5Y Avg
4.28x
Market Cap
$13.41B
Interest Coverage Ratio
8.17x
TTM Avg
6.63x
3Y Avg
5.35x
5Y Avg
6.36x
Market Cap
$13.47B
Interest Coverage Ratio
71.61x
TTM Avg
61.05x
3Y Avg
34.75x
5Y Avg
29.56x
Market Cap
$12.32B
Interest Coverage Ratio
13.01x
TTM Avg
13.01x
3Y Avg
13.01x
5Y Avg
13.01x
Market Cap
$12.24B
Interest Coverage Ratio
117.27x
TTM Avg
123.13x
3Y Avg
83.63x
5Y Avg
83.63x
Market Cap
$14.35B
Interest Coverage Ratio
6.20x
TTM Avg
6.47x
3Y Avg
9.06x
5Y Avg
9.70x
Market Cap
$14.79B
Interest Coverage Ratio
N/A
TTM Avg
17.61x
3Y Avg
13.89x
5Y Avg
13.89x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nova Ltd. (NVMI) | $13.08B | 25.83x | N/A | 24.35x | 44.68x |
| Advanced Energy Industries, Inc. (AEIS)vs › | $13.20B | 11.69x | 6.57x | 12.96x | 18.85x |
| GoDaddy Inc. (GDDY)vs › | $13.31B | 7.54x | 6.59x | 4.91x | 4.28x |
| Trimble Inc. (TRMB)vs › | $13.41B | 8.17x | 6.63x | 5.35x | 6.36x |
| Tyler Technologies, Inc. (TYL)vs › | $13.47B | 71.61x | 61.05x | 34.75x | 29.56x |
| HubSpot, Inc. (HUBS)vs › | $12.32B | 13.01x | 13.01x | 13.01x | 13.01x |
| DocuSign, Inc. (DOCU)vs › | $12.24B | 117.27x | 123.13x | 83.63x | 83.63x |
| Amkor Technology, Inc. (AMKR)vs › | $14.35B | 6.20x | 6.47x | 9.06x | 9.70x |
| Dynatrace, Inc. (DT)vs › | $14.79B | N/A | 17.61x | 13.89x | 13.89x |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.07B | 54.49x | 42.18x | 78.84x | 202.85x |
Interest Coverage
25.8x
Debt/Equity
0.58
Current Ratio
1.58
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 |
|---|---|
| 2023-12-31 | 25.83x |
| 2021-12-31 | 19.69x |
| 2021-09-30 | 39.96x |
| 2021-06-30 | 23.66x |
| 2020-12-31 | 12.62x |
| 2019-12-31 | 146.29x |
| 2010-03-31 | 193.79x |
| 2009-03-31 | -24.92x |
| 2008-06-30 | -2.11x |
| 2007-12-31 | 0.49x |
| 2007-09-30 | -1.01x |
