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 18.09x is 84% above its 5-year average of 9.84x, near the high end of its 5-year range (-11.50x–20.98x).
As of the fiscal period ended Tuesday, June 30, 2026. 0.43% below its 12-month average of 18.17x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
18.09x
INTEREST COVERAGE RATIO AVG TTM
18.17x
INTEREST COVERAGE RATIO AVG 3Y
12.11x
INTEREST COVERAGE RATIO AVG 5Y
9.84x
INTEREST COVERAGE RATIO AVG 10Y
9.94x
INTEREST COVERAGE RATIO AVG 15Y
10.79x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-0.43%
CURRENT VS 3Y AVG
+49.31%
CURRENT VS 5Y AVG
+83.90%
CURRENT VS 10Y AVG
+82.04%
CURRENT VS 15Y AVG
+67.63%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
6.61x
median of 71 covered companies
CURRENT VS SECTOR MEDIAN
+173.66%
vs the sector median at left
STERIS plc
Market Cap
$23.06B
Interest Coverage Ratio
18.09x
TTM Avg
18.17x
3Y Avg
12.11x
5Y Avg
9.84x
Market Cap
$23.30B
Interest Coverage Ratio
-45.74x
TTM Avg
444.02x
3Y Avg
1201.03x
5Y Avg
1201.03x
Market Cap
$21.72B
Interest Coverage Ratio
77.81x
TTM Avg
54.95x
3Y Avg
40.03x
5Y Avg
35.88x
Market Cap
$24.48B
Interest Coverage Ratio
553.04x
TTM Avg
298.73x
3Y Avg
269.07x
5Y Avg
276.66x
Market Cap
$24.79B
Interest Coverage Ratio
1029.00x
TTM Avg
617.01x
3Y Avg
353.82x
5Y Avg
258.97x
Market Cap
$25.26B
Interest Coverage Ratio
-307.40x
TTM Avg
531.75x
3Y Avg
531.75x
5Y Avg
531.75x
Market Cap
$26.24B
Interest Coverage Ratio
5.79x
TTM Avg
5.88x
3Y Avg
7.29x
5Y Avg
9.45x
Market Cap
$26.53B
Interest Coverage Ratio
6.77x
TTM Avg
5.99x
3Y Avg
5.91x
5Y Avg
8.30x
Market Cap
$18.94B
Interest Coverage Ratio
4.65x
TTM Avg
5.28x
3Y Avg
5.28x
5Y Avg
4.27x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| STERIS plc (STE) | $23.06B | 18.09x | 18.17x | 12.11x | 9.84x |
| BioNTech SE (BNTX)vs › | $23.30B | -45.74x | 444.02x | 1201.03x | 1201.03x |
| United Therapeutics Corporation (UTHR)vs › | $21.72B | 77.81x | 54.95x | 40.03x | 35.88x |
| Incyte Corporation (INCY)vs › | $24.48B | 553.04x | 298.73x | 269.07x | 276.66x |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.79B | 1029.00x | 617.01x | 353.82x | 258.97x |
| Moderna, Inc. (MRNA)vs › | $25.26B | -307.40x | 531.75x | 531.75x | 531.75x |
| Quest Diagnostics Incorporated (DGX)vs › | $26.24B | 5.79x | 5.88x | 7.29x | 9.45x |
| Labcorp Holdings Inc. (LH)vs › | $26.53B | 6.77x | 5.99x | 5.91x | 8.30x |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.94B | 4.65x | 5.28x | 5.28x | 4.27x |
| Viatris Inc. (VTRS)vs › | $18.75B | -5.65x | 0.68x | 1.36x | 1.37x |
Interest Coverage
18.1x
Debt/Equity
0.03
Current Ratio
1.91
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 | 18.09x |
| 2026-03-31 | 20.98x |
| 2025-12-31 | 18.31x |
| 2025-09-30 | 17.99x |
| 2025-06-30 | 15.47x |
| 2025-03-31 | 12.63x |
| 2024-12-31 | 12.85x |
| 2024-09-30 | 11.17x |
| 2024-06-30 | 6.10x |
| 2024-03-31 | 6.79x |
| 2023-12-31 | 5.81x |
| 2023-09-30 | 5.19x |
| 2023-06-30 | 6.11x |
| 2023-03-31 | 7.44x |
| 2022-12-31 | 6.26x |
| 2022-09-30 | -11.50x |
| 2022-06-30 | 6.76x |
| 2022-03-31 | 4.22x |
| 2021-12-31 | 8.83x |
| 2021-09-30 | 5.06x |
| 2021-06-30 | 0.66x |
| 2021-03-31 | 14.43x |
| 2020-12-31 | 16.52x |
| 2020-09-30 | 16.30x |
| 2020-06-30 | 12.20x |
| 2020-03-31 | 16.18x |
| 2019-12-31 | 14.51x |
| 2019-09-30 | 12.13x |
| 2019-06-30 | 10.31x |
| 2019-03-31 | 12.81x |
| 2018-12-31 | 5.88x |
| 2018-09-30 | 9.35x |
| 2018-06-30 | 8.04x |
| 2018-03-31 | 8.73x |
| 2017-12-31 | 8.29x |
| 2017-09-30 | 7.77x |
| 2017-06-30 | 6.85x |
| 2017-03-31 | 5.08x |
| 2016-12-31 | 2.36x |
| 2016-09-30 | 6.37x |
| 2016-06-30 | 6.64x |
| 2016-03-31 | 8.72x |
| 2015-12-31 | 2.64x |
| 2015-09-30 | 3.03x |
| 2015-06-30 | 7.22x |
| 2015-03-31 | 14.42x |
| 2014-12-31 | 12.72x |
| 2014-09-30 | 10.80x |
| 2014-06-30 | 9.43x |
| 2014-03-31 | 14.05x |
| 2013-12-31 | 11.96x |
| 2013-09-30 | 10.33x |
| 2013-06-30 | 8.22x |
| 2013-03-31 | 12.66x |
| 2012-12-31 | 15.96x |
| 2012-09-30 | 18.28x |
| 2012-06-30 | 16.25x |
| 2012-03-31 | 24.83x |
| 2011-12-31 | 17.88x |
| 2011-09-30 | 15.46x |
| 2011-06-30 | 15.11x |
| 2011-03-31 | 19.50x |
| 2010-12-31 | 11.75x |
| 2010-09-30 | 18.33x |
| 2010-06-30 | -20.95x |
| 2010-03-31 | 14.01x |
| 2009-12-31 | 18.06x |
| 2009-09-30 | 16.00x |
| 2009-06-30 | 13.90x |
| 2008-12-31 | 14.26x |
| 2008-09-30 | 18.65x |
| 2008-06-30 | 19.84x |
