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 109.44x is 145% above its 4-year average of 44.68x, near the high end of its 4-year range (12.62x–146.29x).
Reported quarterly interest coverage; no daily interpolation. Q4 FY2023 (2023-12-31): 25.83x.
INTEREST COVERAGE RATIO
109.44x
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
+349.38%
CURRENT VS 5Y AVG
+144.96%
CURRENT VS 10Y AVG
+144.96%
CURRENT VS 15Y AVG
+100.38%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.78x
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
+1306.68%
vs the sector median at left
Nova Ltd.
Market Cap
$11.70B
Interest Coverage Ratio
109.44x
TTM Avg
N/A
3Y Avg
24.35x
5Y Avg
44.68x
Market Cap
$11.41B
Interest Coverage Ratio
189.53x
TTM Avg
157.99x
3Y Avg
105.03x
5Y Avg
84.58x
Market Cap
$12.01B
Interest Coverage Ratio
N/A
TTM Avg
1843.19x
3Y Avg
1631.59x
5Y Avg
1631.59x
Market Cap
$11.20B
Interest Coverage Ratio
11.69x
TTM Avg
6.57x
3Y Avg
12.96x
5Y Avg
18.85x
Market Cap
$12.43B
Interest Coverage Ratio
3.13x
TTM Avg
3.13x
3Y Avg
3.13x
5Y Avg
3.13x
Market Cap
$10.95B
Interest Coverage Ratio
13.01x
TTM Avg
13.01x
3Y Avg
13.01x
5Y Avg
13.01x
Market Cap
$12.58B
Interest Coverage Ratio
9.15x
TTM Avg
8.98x
3Y Avg
9.00x
5Y Avg
8.00x
Market Cap
$12.86B
Interest Coverage Ratio
7.54x
TTM Avg
6.59x
3Y Avg
4.91x
5Y Avg
4.28x
Market Cap
$12.89B
Interest Coverage Ratio
117.27x
TTM Avg
123.13x
3Y Avg
83.63x
5Y Avg
83.63x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nova Ltd. (NVMI) | $11.70B | 109.44x | N/A | 24.35x | 44.68x |
| Rambus Inc. (RMBS)vs › | $11.41B | 189.53x | 157.99x | 105.03x | 84.58x |
| Manhattan Associates, Inc. (MANH)vs › | $12.01B | N/A | 1843.19x | 1631.59x | 1631.59x |
| Advanced Energy Industries, Inc. (AEIS)vs › | $11.20B | 11.69x | 6.57x | 12.96x | 18.85x |
| Grab Holdings Limited (GRAB)vs › | $12.43B | 3.13x | 3.13x | 3.13x | 3.13x |
| HubSpot, Inc. (HUBS)vs › | $10.95B | 13.01x | 13.01x | 13.01x | 13.01x |
| Gartner, Inc. (IT)vs › | $12.58B | 9.15x | 8.98x | 9.00x | 8.00x |
| GoDaddy Inc. (GDDY)vs › | $12.86B | 7.54x | 6.59x | 4.91x | 4.28x |
| DocuSign, Inc. (DOCU)vs › | $12.89B | 117.27x | 123.13x | 83.63x | 83.63x |
| Jack Henry & Associates, Inc. (JKHY)vs › | $10.50B | 112.54x | 83.52x | 57.20x | 129.40x |
Interest Coverage
109.4x
Debt/Equity
0.55
Current Ratio
1.55
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 |
