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 17.28x is 76% above its 5-year average of 9.84x, near the high end of its 5-year range (3.98x–17.28x).
As of the fiscal period ended Tuesday, June 30, 2026. 59.30% above its 12-month average of 10.85x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
17.28x
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
+59.30%
CURRENT VS 3Y AVG
+149.67%
CURRENT VS 5Y AVG
+75.68%
CURRENT VS 10Y AVG
+90.76%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
8.04x
median of 124 covered companies
CURRENT VS SECTOR MEDIAN
+115.08%
vs the sector median at left
nVent Electric plc
Market Cap
$26.63B
Interest Coverage Ratio
17.28x
TTM Avg
10.85x
3Y Avg
6.92x
5Y Avg
9.84x
Market Cap
$27.16B
Interest Coverage Ratio
18.99x
TTM Avg
16.89x
3Y Avg
19.09x
5Y Avg
15.72x
Market Cap
$27.46B
Interest Coverage Ratio
N/A
TTM Avg
69.26x
3Y Avg
53.76x
5Y Avg
43.85x
Market Cap
$25.55B
Interest Coverage Ratio
14.79x
TTM Avg
13.29x
3Y Avg
11.25x
5Y Avg
10.42x
Market Cap
$25.22B
Interest Coverage Ratio
12.19x
TTM Avg
11.36x
3Y Avg
15.94x
5Y Avg
16.89x
Market Cap
$28.09B
Interest Coverage Ratio
42.17x
TTM Avg
32.55x
3Y Avg
22.71x
5Y Avg
17.22x
Market Cap
$28.17B
Interest Coverage Ratio
10.88x
TTM Avg
10.88x
3Y Avg
13.22x
5Y Avg
13.72x
Market Cap
$28.43B
Interest Coverage Ratio
12.51x
TTM Avg
10.86x
3Y Avg
10.50x
5Y Avg
10.39x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| nVent Electric plc (NVT) | $26.63B | 17.28x | 10.85x | 6.92x | 9.84x |
| Hubbell Incorporated (HUBB)vs › | $27.16B | 18.99x | 16.89x | 19.09x | 15.72x |
| Copart, Inc. (CPRT)vs › | $27.46B | N/A | 69.26x | 53.76x | 43.85x |
| Symbotic Inc. (SYM)vs › | $25.78B | N/A | N/A | N/A | N/A |
| Curtiss-Wright Corporation (CW)vs › | $25.55B | 14.79x | 13.29x | 11.25x | 10.42x |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.22B | 12.19x | 11.36x | 15.94x | 16.89x |
| Xylem Inc. (XYL)vs › | $28.09B | 42.17x | 32.55x | 22.71x | 17.22x |
| Otis Worldwide Corporation (OTIS)vs › | $28.17B | 10.88x | 10.88x | 13.22x | 13.72x |
| Dover Corporation (DOV)vs › | $28.43B | 12.51x | 10.86x | 10.50x | 10.39x |
| Veralto Corporation (VLTO)vs › | $23.97B | 13.30x | 12.00x | 20.66x | 20.66x |
Interest Coverage
17.3x
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 |
