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 4.25x is 55% below its 5-year average of 9.43x, near the low end of its 5-year range (4.25x–17.13x).
As of the fiscal period ended Tuesday, June 30, 2026. 43.80% below its 12-month average of 7.57x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
4.25x
INTEREST COVERAGE RATIO AVG TTM
7.57x
INTEREST COVERAGE RATIO AVG 3Y
8.90x
INTEREST COVERAGE RATIO AVG 5Y
9.05x
INTEREST COVERAGE RATIO AVG 10Y
12.55x
INTEREST COVERAGE RATIO AVG 15Y
11.83x
INTEREST COVERAGE RATIO AVG 20Y
10.85x
CURRENT VS TTM AVG
-43.80%
CURRENT VS 3Y AVG
-52.18%
CURRENT VS 5Y AVG
-52.98%
CURRENT VS 10Y AVG
-66.10%
CURRENT VS 15Y AVG
-64.04%
CURRENT VS 20Y AVG
-60.78%
SECTOR MEDIAN · BASIC MATERIALS
9.50x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-55.23%
vs the sector median at left
PPG Industries, Inc.
Market Cap
$24.94B
Interest Coverage Ratio
4.25x
TTM Avg
7.57x
3Y Avg
8.90x
5Y Avg
9.05x
Market Cap
$26.31B
Interest Coverage Ratio
18.57x
TTM Avg
13.37x
3Y Avg
8.44x
5Y Avg
8.44x
Market Cap
$21.86B
Interest Coverage Ratio
-7.58x
TTM Avg
1.96x
3Y Avg
2.92x
5Y Avg
2.76x
Market Cap
$20.71B
Interest Coverage Ratio
18.36x
TTM Avg
23.77x
3Y Avg
32.80x
5Y Avg
24.91x
Market Cap
$20.38B
Interest Coverage Ratio
3.68x
TTM Avg
3.09x
3Y Avg
3.09x
5Y Avg
3.13x
Market Cap
$19.93B
Interest Coverage Ratio
-0.64x
TTM Avg
5.09x
3Y Avg
10.25x
5Y Avg
9.30x
Market Cap
$18.76B
Interest Coverage Ratio
2.75x
TTM Avg
3.88x
3Y Avg
4.05x
5Y Avg
3.80x
Market Cap
$18.49B
Interest Coverage Ratio
15.26x
TTM Avg
14.84x
3Y Avg
15.42x
5Y Avg
12.80x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PPG Industries, Inc. (PPG) | $24.94B | 4.25x | 7.57x | 8.90x | 9.05x |
| Carpenter Technology Corporation (CRS)vs › | $26.31B | 18.57x | 13.37x | 8.44x | 8.44x |
| Dow Inc. (DOW)vs › | $21.93B | 0.30x | 1.51x | 3.66x | 4.83x |
| International Paper Company (IP)vs › | $21.86B | -7.58x | 1.96x | 2.92x | 2.76x |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.71B | 18.36x | 23.77x | 32.80x | 24.91x |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.38B | 3.68x | 3.09x | 3.09x | 3.13x |
| LyondellBasell Industries N.V. (LYB)vs › | $19.93B | -0.64x | 5.09x | 10.25x | 9.30x |
| DuPont de Nemours, Inc. (DD)vs › | $18.76B | 2.75x | 3.88x | 4.05x | 3.80x |
| CF Industries Holdings, Inc. (CF)vs › | $18.49B | 15.26x | 14.84x | 15.42x | 12.80x |
| Nutrien Ltd. (NTR)vs › | $32.25B | 5.31x | 4.89x | 8.75x | 7.80x |
Interest Coverage
4.3x
Debt/Equity
-2.22
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 |
|---|---|
| 2026-06-30 | 4.25x |
| 2026-03-31 | 8.61x |
| 2025-12-31 | 7.76x |
| 2025-09-30 | 6.74x |
| 2025-06-30 | 10.48x |
| 2025-03-31 | 8.59x |
| 2024-12-31 | 6.68x |
| 2024-09-30 | 9.19x |
| 2024-06-30 | 11.21x |
| 2024-03-31 | 10.04x |
| 2023-12-31 | 7.79x |
| 2023-09-30 | 9.30x |
| 2023-06-30 | 10.36x |
| 2023-03-31 | 6.19x |
| 2022-12-31 | 6.91x |
| 2022-09-30 | 10.24x |
| 2022-06-30 | 13.13x |
| 2022-03-31 | 12.53x |
| 2021-12-31 | 6.63x |
| 2021-09-30 | 14.30x |
| 2021-06-30 | 17.13x |
| 2021-03-31 | 17.57x |
| 2020-12-31 | 16.45x |
| 2020-09-30 | 17.62x |
| 2020-06-30 | 8.22x |
| 2020-03-31 | 10.44x |
| 2019-12-31 | 12.85x |
| 2019-09-30 | 15.70x |
| 2019-06-30 | 16.14x |
| 2019-03-31 | 14.16x |
| 2018-12-31 | 12.33x |
| 2018-09-30 | 15.00x |
| 2018-06-30 | 18.32x |
| 2018-03-31 | 17.65x |
| 2017-12-31 | 14.11x |
| 2017-09-30 | 20.26x |
| 2017-06-30 | 23.85x |
| 2017-03-31 | 18.28x |
| 2016-12-31 | 14.31x |
| 2016-09-30 | -11.97x |
| 2016-06-30 | 20.65x |
| 2016-03-31 | 15.29x |
| 2015-12-31 | 13.47x |
| 2015-09-30 | 18.19x |
| 2015-06-30 | 18.09x |
| 2015-03-31 | 15.31x |
| 2014-12-31 | 8.02x |
| 2014-09-30 | 11.19x |
| 2014-06-30 | 11.46x |
| 2014-03-31 | 8.64x |
| 2013-12-31 | 8.04x |
| 2013-09-30 | 9.85x |
| 2013-06-30 | 9.74x |
| 2013-03-31 | 5.47x |
| 2012-12-31 | 6.65x |
| 2012-09-30 | 7.94x |
| 2012-06-30 | 9.10x |
| 2012-03-31 | 6.78x |
| 2011-12-31 | 6.02x |
| 2011-09-30 | 9.14x |
| 2011-06-30 | 9.29x |
| 2011-03-31 | 7.34x |
| 2010-12-31 | 5.77x |
| 2010-09-30 | 8.70x |
| 2010-06-30 | 9.24x |
| 2010-03-31 | 5.29x |
| 2009-12-31 | 4.02x |
| 2009-09-30 | 6.09x |
| 2009-06-30 | 5.45x |
| 2009-03-31 | 2.77x |
| 2008-09-30 | 6.27x |
| 2008-06-30 | 6.49x |
| 2008-03-31 | 3.78x |
