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 9.35x is 78% below its 5-year average of 42.09x, near the low end of its 5-year range (6.77x–67.99x).
As of the fiscal period ended Sunday, May 31, 2026. 6.11% above its 12-month average of 8.81x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
9.35x
INTEREST COVERAGE RATIO AVG TTM
8.81x
INTEREST COVERAGE RATIO AVG 3Y
36.11x
INTEREST COVERAGE RATIO AVG 5Y
42.09x
INTEREST COVERAGE RATIO AVG 10Y
134.83x
INTEREST COVERAGE RATIO AVG 15Y
219.92x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+6.11%
CURRENT VS 3Y AVG
-74.12%
CURRENT VS 5Y AVG
-77.79%
CURRENT VS 10Y AVG
-93.07%
CURRENT VS 15Y AVG
-95.75%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.66x
median of 140 covered companies
CURRENT VS SECTOR MEDIAN
+22.01%
vs the sector median at left
Paychex, Inc.
Market Cap
$41.56B
Interest Coverage Ratio
9.35x
TTM Avg
8.81x
3Y Avg
36.11x
5Y Avg
42.09x
Market Cap
$42.00B
Interest Coverage Ratio
8.98x
TTM Avg
6.31x
3Y Avg
4.74x
5Y Avg
4.74x
Market Cap
$40.34B
Interest Coverage Ratio
2.21x
TTM Avg
1.69x
3Y Avg
7.91x
5Y Avg
6.94x
Market Cap
$39.56B
Interest Coverage Ratio
6.88x
TTM Avg
7.29x
3Y Avg
8.28x
5Y Avg
7.44x
Market Cap
$39.16B
Interest Coverage Ratio
-0.04x
TTM Avg
0.90x
3Y Avg
0.90x
5Y Avg
0.90x
Market Cap
$38.60B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.11B
Interest Coverage Ratio
20.35x
TTM Avg
15.93x
3Y Avg
10.44x
5Y Avg
8.41x
Market Cap
$45.42B
Interest Coverage Ratio
-0.56x
TTM Avg
39.37x
3Y Avg
46.38x
5Y Avg
32.64x
Market Cap
$45.70B
Interest Coverage Ratio
-10.31x
TTM Avg
201.07x
3Y Avg
108.40x
5Y Avg
75.26x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paychex, Inc. (PAYX) | $41.56B | 9.35x | 8.81x | 36.11x | 42.09x |
| Workday, Inc. (WDAY)vs › | $42.00B | 8.98x | 6.31x | 4.74x | 4.74x |
| Microchip Technology Incorporated (MCHP)vs › | $40.34B | 2.21x | 1.69x | 7.91x | 6.94x |
| Roper Technologies, Inc. (ROP)vs › | $39.56B | 6.88x | 7.29x | 8.28x | 7.44x |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $39.16B | -0.04x | 0.90x | 0.90x | 0.90x |
| Credo Technology Group Holding Ltd (CRDO)vs › | $38.60B | N/A | N/A | N/A | N/A |
| Celestica Inc. (CLS)vs › | $38.11B | 20.35x | 15.93x | 10.44x | 8.41x |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $45.42B | -0.56x | 39.37x | 46.38x | 32.64x |
| Nebius Group N.V. (NBIS)vs › | $45.70B | -10.31x | 201.07x | 108.40x | 75.26x |
| STMicroelectronics N.V. (STM)vs › | $46.76B | 5.89x | 12.80x | 112.73x | 88.83x |
Interest Coverage
9.3x
Debt/Equity
1.23
Current Ratio
1.26
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 |
|---|---|
| 2026-05-31 | 9.35x |
| 2026-02-28 | 11.63x |
| 2025-11-30 | 8.35x |
| 2025-08-31 | 7.95x |
| 2025-05-31 | 6.77x |
| 2025-02-28 | 30.61x |
| 2024-11-30 | 56.64x |
| 2024-08-31 | 56.95x |
| 2024-05-31 | 50.72x |
| 2024-02-29 | 65.64x |
| 2023-11-30 | 59.55x |
| 2023-08-31 | 57.05x |
| 2023-05-31 | 48.22x |
| 2023-02-28 | 67.99x |
| 2022-11-30 | 51.34x |
| 2022-08-31 | 54.46x |
| 2022-05-31 | 43.30x |
| 2022-02-28 | 62.53x |
| 2021-11-30 | 47.34x |
| 2021-08-31 | 48.14x |
| 2021-05-31 | 39.31x |
| 2021-02-28 | 53.25x |
| 2020-11-30 | 39.37x |
| 2020-08-31 | 31.56x |
| 2020-05-31 | 32.92x |
| 2020-02-29 | 50.55x |
| 2019-11-30 | 33.83x |
| 2019-08-31 | 33.89x |
| 2019-05-31 | 34.18x |
| 2019-02-28 | 64.07x |
| 2018-11-30 | 384.00x |
| 2018-08-31 | 355.89x |
| 2018-05-31 | 454.00x |
| 2018-02-28 | 265.91x |
| 2017-11-30 | 255.54x |
| 2017-08-31 | 431.25x |
| 2017-05-31 | 498.17x |
| 2017-02-28 | 511.00x |
| 2016-11-30 | 518.50x |
| 2016-08-31 | 461.43x |
| 2016-05-31 | 690.75x |
| 2016-02-29 | 1400.00x |
| 2015-11-30 | 980.67x |
| 2015-08-31 | 1480.50x |
| 2015-02-28 | 2643.00x |
| 2014-11-30 | 900.67x |
| 2014-08-31 | 891.67x |
| 2014-05-31 | 2283.00x |
| 2014-02-28 | 1253.50x |
| 2013-11-30 | 621.50x |
| 2013-08-31 | 637.75x |
| 2012-08-31 | 2380.00x |
