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 0.93x is in line with its 5-year average of 1.00x, near the low end of its 5-year range (0.49x–85.08x).
9.13% below its 12-month average of 1.02x.
Reported quarterly interest coverage; no daily interpolation. Q1 FY2027 (2026-06-30): 1.33x.
INTEREST COVERAGE RATIO
0.93x
INTEREST COVERAGE RATIO AVG TTM
1.02x
INTEREST COVERAGE RATIO AVG 3Y
1.06x
INTEREST COVERAGE RATIO AVG 5Y
1.00x
INTEREST COVERAGE RATIO AVG 10Y
N/A
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-9.13%
CURRENT VS 3Y AVG
-12.49%
CURRENT VS 5Y AVG
-7.08%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
2.36x
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
-60.59%
vs the sector median at left
ReNew Energy Global Plc
Market Cap
$2.50B
Interest Coverage Ratio
0.93x
TTM Avg
1.02x
3Y Avg
1.06x
5Y Avg
1.00x
Market Cap
$2.66B
Interest Coverage Ratio
5.05x
TTM Avg
4.75x
3Y Avg
4.87x
5Y Avg
4.83x
Market Cap
$2.31B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.94B
Interest Coverage Ratio
2.39x
TTM Avg
2.25x
3Y Avg
2.00x
5Y Avg
2.09x
Market Cap
$1.99B
Interest Coverage Ratio
3.63x
TTM Avg
3.01x
3Y Avg
2.90x
5Y Avg
3.12x
Market Cap
$3.25B
Interest Coverage Ratio
3.71x
TTM Avg
10.62x
3Y Avg
10.62x
5Y Avg
10.62x
Market Cap
$1.48B
Interest Coverage Ratio
-11.27x
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$999.69M
Interest Coverage Ratio
3.80x
TTM Avg
3.98x
3Y Avg
4.58x
5Y Avg
5.86x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ReNew Energy Global Plc (RNW) | $2.50B | 0.93x | 1.02x | 1.06x | 1.00x |
| H2O America (HTO)vs › | $2.43B | 1.99x | 2.19x | 2.23x | 2.19x |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 5.05x | 4.75x | 4.87x | 4.83x |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.31B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $2.94B | 2.39x | 2.25x | 2.00x | 2.09x |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 3.63x | 3.01x | 2.90x | 3.12x |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.25B | 3.71x | 10.62x | 10.62x | 10.62x |
| Fluence Energy, Inc. (FLNC)vs › | $1.48B | -11.27x | N/A | N/A | N/A |
| Middlesex Water Company (MSEX)vs › | $999.69M | 3.80x | 3.98x | 4.58x | 5.86x |
| XPLR Infrastructure, LP (XIFR)vs › | $971.48M | 0.13x | 0.13x | 0.09x | 0.20x |
Interest Coverage
0.9x
Debt/Equity
6.15
Current Ratio
0.43
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 | 1.33x |
| 2026-03-31 | 0.59x |
| 2025-12-31 | 0.58x |
| 2025-09-30 | 1.23x |
| 2025-06-30 | 1.40x |
| 2025-03-31 | 85.08x |
| 2024-12-31 | 0.57x |
| 2024-09-30 | 1.37x |
| 2024-06-30 | 1.06x |
| 2024-03-31 | 1.68x |
| 2023-12-31 | 0.59x |
| 2023-09-30 | 1.18x |
| 2023-06-30 | 1.20x |
| 2023-03-31 | 81.38x |
| 2022-12-31 | 0.51x |
| 2022-09-30 | 0.91x |
| 2022-06-30 | 0.92x |
| 2022-03-31 | 45.57x |
| 2021-12-31 | 0.49x |
| 2021-09-30 | 1.41x |
| 2021-06-30 | 1.02x |
| 2021-03-31 | 1.03x |
| 2020-12-31 | 0.52x |
| 2020-09-30 | 0.91x |
