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 -1.73x is 144% below its 5-year average of 3.93x, near the low end of its 5-year range (-1.73x–16.00x).
As of the fiscal period ended Tuesday, June 30, 2026. 288.11% below its 12-month average of 0.92x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
-1.73x
INTEREST COVERAGE RATIO AVG TTM
0.92x
INTEREST COVERAGE RATIO AVG 3Y
1.41x
INTEREST COVERAGE RATIO AVG 5Y
1.79x
INTEREST COVERAGE RATIO AVG 10Y
4.93x
INTEREST COVERAGE RATIO AVG 15Y
5.31x
INTEREST COVERAGE RATIO AVG 20Y
4.87x
CURRENT VS TTM AVG
-288.11%
CURRENT VS 3Y AVG
-222.75%
CURRENT VS 5Y AVG
-196.73%
CURRENT VS 10Y AVG
-135.04%
CURRENT VS 15Y AVG
-132.55%
CURRENT VS 20Y AVG
-135.49%
SECTOR MEDIAN · FINANCIAL SERVICES
5.20x
median of 91 covered companies
CURRENT VS SECTOR MEDIAN
-133.23%
vs the sector median at left
Raymond James Financial, Inc.
Market Cap
$34.68B
Interest Coverage Ratio
-1.73x
TTM Avg
0.92x
3Y Avg
1.41x
5Y Avg
1.79x
Market Cap
$34.62B
Interest Coverage Ratio
33.64x
TTM Avg
32.69x
3Y Avg
24.80x
5Y Avg
20.26x
Market Cap
$35.56B
Interest Coverage Ratio
0.62x
TTM Avg
0.57x
3Y Avg
1.45x
5Y Avg
4.33x
Market Cap
$33.73B
Interest Coverage Ratio
0.38x
TTM Avg
0.36x
3Y Avg
0.69x
5Y Avg
15.89x
Market Cap
$36.51B
Interest Coverage Ratio
1.04x
TTM Avg
0.92x
3Y Avg
2.29x
5Y Avg
6.02x
Market Cap
$31.40B
Interest Coverage Ratio
8.59x
TTM Avg
5.48x
3Y Avg
5.61x
5Y Avg
6.07x
Market Cap
$31.12B
Interest Coverage Ratio
0.61x
TTM Avg
0.51x
3Y Avg
1.02x
5Y Avg
2.42x
Market Cap
$39.37B
Interest Coverage Ratio
23.92x
TTM Avg
21.63x
3Y Avg
17.35x
5Y Avg
15.13x
Market Cap
$39.55B
Interest Coverage Ratio
16.81x
TTM Avg
22.71x
3Y Avg
22.71x
5Y Avg
50.31x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Raymond James Financial, Inc. (RJF) | $34.68B | -1.73x | 0.92x | 1.41x | 1.79x |
| Arch Capital Group Ltd. (ACGL)vs › | $34.62B | 33.64x | 32.69x | 24.80x | 20.26x |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.56B | 0.62x | 0.57x | 1.45x | 4.33x |
| Northern Trust Corporation (NTRS)vs › | $33.73B | 0.38x | 0.36x | 0.69x | 15.89x |
| M&T Bank Corporation (MTB)vs › | $36.51B | 1.04x | 0.92x | 2.29x | 6.02x |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.40B | 8.59x | 5.48x | 5.61x | 6.07x |
| Citizens Financial Group, Inc. (CFG)vs › | $31.12B | 0.61x | 0.51x | 1.02x | 2.42x |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.37B | 23.92x | 21.63x | 17.35x | 15.13x |
| Coinbase Global, Inc. (COIN)vs › | $39.55B | 16.81x | 22.71x | 22.71x | 50.31x |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.80B | 28.95x | 25.14x | 18.85x | 18.21x |
Interest Coverage
-1.7x
Debt/Equity
0.42
Current Ratio
0.36
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 | -1.73x |
| 2026-03-31 | 1.82x |
| 2025-12-31 | 1.65x |
| 2025-09-30 | 1.58x |
| 2025-06-30 | 1.27x |
| 2025-03-31 | 1.52x |
| 2024-12-31 | 1.50x |
| 2024-09-30 | 1.40x |
| 2024-06-30 | 1.21x |
| 2024-03-31 | 1.17x |
| 2023-12-31 | 1.24x |
| 2023-09-30 | 1.27x |
| 2023-06-30 | 1.26x |
| 2023-03-31 | 1.96x |
| 2022-12-31 | 2.71x |
| 2022-09-30 | 3.62x |
| 2022-06-30 | 6.92x |
| 2022-03-31 | 11.39x |
| 2021-12-31 | 15.08x |
| 2021-09-30 | 16.00x |
| 2021-06-30 | 9.63x |
| 2021-03-31 | 12.08x |
| 2020-12-31 | 10.50x |
| 2020-09-30 | 6.10x |
| 2020-06-30 | 4.71x |
| 2020-03-31 | 5.56x |
| 2019-12-31 | 7.04x |
| 2019-09-30 | 5.97x |
| 2019-06-30 | 4.68x |
| 2019-03-31 | 4.63x |
| 2018-12-31 | 4.55x |
| 2018-09-30 | 5.45x |
| 2018-06-30 | 5.89x |
| 2018-03-31 | 7.38x |
| 2017-12-31 | 7.78x |
| 2017-09-30 | 6.63x |
| 2017-06-30 | 7.18x |
| 2017-03-31 | 4.40x |
| 2016-12-31 | 5.77x |
| 2016-09-30 | 7.20x |
| 2016-06-30 | 7.31x |
| 2016-03-31 | 6.67x |
| 2015-12-31 | 6.37x |
| 2015-09-30 | 7.74x |
| 2015-06-30 | 7.26x |
| 2015-03-31 | 6.54x |
| 2014-12-31 | 7.25x |
| 2014-09-30 | 7.99x |
| 2014-06-30 | 6.61x |
| 2014-03-31 | 5.89x |
| 2013-12-31 | 7.05x |
| 2013-09-30 | 5.88x |
| 2013-06-30 | 4.57x |
| 2013-03-31 | 5.86x |
| 2012-12-31 | 5.25x |
| 2012-09-30 | 4.21x |
| 2012-06-30 | 4.67x |
| 2012-03-31 | 6.02x |
| 2011-12-31 | 6.52x |
| 2011-09-30 | 7.06x |
| 2011-06-30 | 4.55x |
| 2011-03-31 | 8.46x |
| 2010-12-31 | 7.68x |
| 2010-09-30 | 6.48x |
| 2010-06-30 | 5.87x |
| 2010-03-31 | 6.06x |
| 2009-12-31 | 4.27x |
| 2009-09-30 | 5.70x |
| 2009-06-30 | 10.29x |
| 2009-03-31 | 0.92x |
| 2008-12-31 | 3.03x |
| 2008-09-30 | 1.25x |
| 2008-06-30 | 1.73x |
| 2008-03-31 | 0.85x |
| 2007-12-31 | 0.63x |
| 2007-09-30 | 0.65x |
| 2007-06-30 | 0.82x |
| 2007-03-31 | 0.83x |
| 2006-12-31 | 0.89x |
| 2006-09-30 | 0.77x |
| 2006-06-30 | 1.18x |
| 2006-03-31 | 1.49x |
| 2005-12-31 | 1.46x |
| 2005-09-30 | 2.42x |
| 2005-06-24 | 1.57x |
| 2005-03-24 | 1.99x |
| 2004-12-31 | 2.55x |
| 2004-09-30 | 3.26x |
| 2004-06-25 | 4.18x |
| 2004-03-26 | 6.12x |
| 2003-12-26 | 3.65x |
| 2003-09-30 | 5.28x |
| 2003-06-27 | 3.24x |
| 2003-03-28 | 2.27x |
| 2002-12-27 | 1.77x |
| 2002-09-30 | 2.54x |