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 8.22x is 16% below its 5-year average of 9.84x, around the middle of its 5-year range (3.98x–17.28x).
24.23% below its 12-month average of 10.85x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 17.28x.
INTEREST COVERAGE RATIO
8.22x
INTEREST COVERAGE RATIO AVG TTM
10.85x
INTEREST COVERAGE RATIO AVG 3Y
6.92x
INTEREST COVERAGE RATIO AVG 5Y
9.84x
INTEREST COVERAGE RATIO AVG 10Y
9.06x
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-24.23%
CURRENT VS 3Y AVG
+18.76%
CURRENT VS 5Y AVG
-16.44%
CURRENT VS 10Y AVG
-9.26%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
+4.71%
vs the sector median at left
nVent Electric plc
Market Cap
$26.34B
Interest Coverage Ratio
8.22x
TTM Avg
10.85x
3Y Avg
6.92x
5Y Avg
9.84x
Market Cap
$26.01B
Interest Coverage Ratio
10.88x
TTM Avg
10.88x
3Y Avg
13.22x
5Y Avg
13.72x
Market Cap
$26.72B
Interest Coverage Ratio
N/A
TTM Avg
69.26x
3Y Avg
53.76x
5Y Avg
43.85x
Market Cap
$25.46B
Interest Coverage Ratio
12.51x
TTM Avg
10.86x
3Y Avg
10.50x
5Y Avg
10.39x
Market Cap
$25.37B
Interest Coverage Ratio
42.17x
TTM Avg
32.55x
3Y Avg
22.71x
5Y Avg
17.22x
Market Cap
$24.59B
Interest Coverage Ratio
N/A
TTM Avg
137.10x
3Y Avg
2303.50x
5Y Avg
2303.50x
Market Cap
$24.50B
Interest Coverage Ratio
18.99x
TTM Avg
16.89x
3Y Avg
19.09x
5Y Avg
15.72x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| nVent Electric plc (NVT) | $26.34B | 8.22x | 10.85x | 6.92x | 9.84x |
| Otis Worldwide Corporation (OTIS)vs › | $26.01B | 10.88x | 10.88x | 13.22x | 13.72x |
| Copart, Inc. (CPRT)vs › | $26.72B | N/A | 69.26x | 53.76x | 43.85x |
| Dover Corporation (DOV)vs › | $25.46B | 12.51x | 10.86x | 10.50x | 10.39x |
| Xylem Inc. (XYL)vs › | $25.37B | 42.17x | 32.55x | 22.71x | 17.22x |
| ATI Inc. (ATI)vs › | $25.14B | 5.73x | 5.32x | 4.62x | 3.94x |
| Symbotic Inc. (SYM)vs › | $28.04B | N/A | N/A | N/A | N/A |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.59B | N/A | 137.10x | 2303.50x | 2303.50x |
| Hubbell Incorporated (HUBB)vs › | $24.50B | 18.99x | 16.89x | 19.09x | 15.72x |
| Veralto Corporation (VLTO)vs › | $23.37B | 13.30x | 12.00x | 20.66x | 20.66x |
Interest Coverage
8.2x
Debt/Equity
0.41
Current Ratio
1.80
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 | 17.28x |
| 2026-03-31 | 11.53x |
| 2025-12-31 | 8.58x |
| 2025-09-30 | 7.96x |
| 2025-06-30 | 8.90x |
| 2025-03-31 | 7.47x |
| 2024-12-31 | 3.98x |
| 2024-09-30 | 4.38x |
| 2024-06-30 | 6.04x |
| 2024-03-31 | 5.94x |
| 2023-12-31 | 6.57x |
| 2023-09-30 | 4.95x |
| 2023-06-30 | 6.76x |
| 2023-03-31 | 15.91x |
| 2022-12-31 | 14.89x |
| 2022-09-30 | 14.88x |
| 2022-06-30 | 13.96x |
| 2022-03-31 | 12.51x |
| 2021-12-31 | 11.27x |
| 2021-09-30 | 11.91x |
| 2021-06-30 | 10.90x |
| 2021-03-31 | 9.93x |
| 2020-12-31 | 8.65x |
| 2020-09-30 | -16.66x |
| 2020-06-30 | 4.82x |
| 2020-03-31 | 6.09x |
| 2019-12-31 | 7.71x |
| 2019-09-30 | 7.42x |
| 2019-06-30 | 7.31x |
| 2019-03-31 | 7.38x |
| 2018-12-31 | 8.98x |
| 2018-09-30 | 8.01x |
| 2018-06-30 | 7.02x |
| 2018-03-31 | 109.33x |
| 2017-09-30 | 498.00x |
| 2017-06-30 | 895.00x |
| 2017-03-31 | 676.00x |
