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 19.57x is 57% below its 5-year average of 45.57x, near the low end of its 5-year range (11.51x–115.83x).
As of the fiscal period ended Tuesday, June 30, 2026. 9.57% below its 12-month average of 21.64x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
19.57x
INTEREST COVERAGE RATIO AVG TTM
21.64x
INTEREST COVERAGE RATIO AVG 3Y
31.01x
INTEREST COVERAGE RATIO AVG 5Y
45.57x
INTEREST COVERAGE RATIO AVG 10Y
22.42x
INTEREST COVERAGE RATIO AVG 15Y
12.81x
INTEREST COVERAGE RATIO AVG 20Y
10.96x
CURRENT VS TTM AVG
-9.57%
CURRENT VS 3Y AVG
-36.89%
CURRENT VS 5Y AVG
-57.06%
CURRENT VS 10Y AVG
-12.71%
CURRENT VS 15Y AVG
+52.71%
CURRENT VS 20Y AVG
+78.53%
SECTOR MEDIAN · BASIC MATERIALS
9.50x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+105.99%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$38.11B
Interest Coverage Ratio
19.57x
TTM Avg
21.64x
3Y Avg
31.01x
5Y Avg
45.57x
Market Cap
$36.87B
Interest Coverage Ratio
3.41x
TTM Avg
5.28x
3Y Avg
5.86x
5Y Avg
6.14x
Market Cap
$33.28B
Interest Coverage Ratio
6.65x
TTM Avg
11.34x
3Y Avg
9.87x
5Y Avg
9.13x
Market Cap
$32.13B
Interest Coverage Ratio
5.31x
TTM Avg
4.89x
3Y Avg
8.75x
5Y Avg
7.80x
Market Cap
$28.37B
Interest Coverage Ratio
18.57x
TTM Avg
13.37x
3Y Avg
8.44x
5Y Avg
8.44x
Market Cap
$26.25B
Interest Coverage Ratio
9.00x
TTM Avg
9.25x
3Y Avg
9.18x
5Y Avg
10.59x
Market Cap
$51.77B
Interest Coverage Ratio
14.55x
TTM Avg
11.78x
3Y Avg
14.25x
5Y Avg
19.94x
Market Cap
$52.37B
Interest Coverage Ratio
276.45x
TTM Avg
194.16x
3Y Avg
143.86x
5Y Avg
122.90x
Market Cap
$22.41B
Interest Coverage Ratio
-7.58x
TTM Avg
1.96x
3Y Avg
2.92x
5Y Avg
2.76x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $38.11B | 19.57x | 21.64x | 31.01x | 45.57x |
| Vulcan Materials Company (VMC)vs › | $36.87B | 3.41x | 5.28x | 5.86x | 6.14x |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.28B | 6.65x | 11.34x | 9.87x | 9.13x |
| Nutrien Ltd. (NTR)vs › | $32.13B | 5.31x | 4.89x | 8.75x | 7.80x |
| Carpenter Technology Corporation (CRS)vs › | $28.37B | 18.57x | 13.37x | 8.44x | 8.44x |
| PPG Industries, Inc. (PPG)vs › | $26.25B | 9.00x | 9.25x | 9.18x | 10.59x |
| Corteva, Inc. (CTVA)vs › | $51.77B | 14.55x | 11.78x | 14.25x | 19.94x |
| Wheaton Precious Metals Corp. (WPM)vs › | $52.37B | 276.45x | 194.16x | 143.86x | 122.90x |
| International Paper Company (IP)vs › | $22.41B | -7.58x | 1.96x | 2.92x | 2.76x |
| Dow Inc. (DOW)vs › | $21.66B | 0.30x | 1.51x | 3.66x | 4.83x |
Interest Coverage
19.6x
Debt/Equity
0.44
Current Ratio
3.18
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 | 19.57x |
| 2026-03-31 | 17.69x |
| 2025-12-31 | 11.51x |
| 2025-09-30 | 37.41x |
| 2025-06-30 | 22.03x |
| 2025-03-31 | 22.68x |
| 2024-12-31 | 16.29x |
| 2024-09-30 | 23.16x |
| 2024-06-30 | 43.96x |
| 2024-03-31 | 62.70x |
| 2023-12-31 | 35.05x |
| 2023-09-30 | 39.83x |
| 2023-06-30 | 51.22x |
| 2023-03-31 | 37.12x |
| 2022-12-31 | 31.82x |
| 2022-09-30 | 48.13x |
| 2022-06-30 | 63.04x |
| 2022-03-31 | 89.68x |
| 2021-12-31 | 115.83x |
| 2021-09-30 | 104.07x |
| 2021-06-30 | 64.15x |
| 2021-03-31 | 34.41x |
| 2020-12-31 | 12.81x |
| 2020-09-30 | 8.22x |
| 2020-06-30 | 5.73x |
| 2020-03-31 | 9.77x |
| 2019-12-31 | 5.63x |
| 2019-09-30 | 7.28x |
| 2019-06-30 | 8.82x |
| 2019-03-31 | 9.38x |
| 2018-12-31 | 11.55x |
| 2018-09-30 | 16.84x |
| 2018-06-30 | 15.93x |
| 2018-03-31 | 10.14x |
| 2017-12-31 | 6.05x |
| 2017-09-30 | 7.93x |
| 2017-06-30 | 7.83x |
| 2017-03-31 | 9.85x |
| 2016-12-31 | 1.55x |
| 2016-09-30 | 7.84x |
| 2016-06-30 | 6.99x |
| 2016-03-31 | 3.56x |
| 2015-12-31 | -10.41x |
| 2015-09-30 | 3.53x |
| 2015-06-30 | 2.09x |
| 2015-03-31 | 2.32x |
| 2014-12-31 | -1.81x |
| 2014-09-30 | 5.91x |
| 2014-06-30 | 4.39x |
| 2014-03-31 | 2.65x |
| 2013-12-31 | 3.52x |
| 2013-09-30 | 3.66x |
| 2013-06-30 | 2.20x |
| 2013-03-31 | 2.78x |
| 2012-12-31 | 2.72x |
| 2012-09-30 | 1.75x |
| 2012-06-30 | 2.52x |
| 2012-03-31 | 2.91x |
| 2011-12-31 | 1.87x |
| 2011-09-30 | 2.43x |
| 2011-06-30 | 4.20x |
| 2011-03-31 | 4.74x |
| 2010-12-31 | 1.04x |
| 2010-09-30 | 1.56x |
| 2010-06-30 | 2.68x |
| 2010-03-31 | 3.53x |
| 2009-12-31 | 2.34x |
| 2009-09-30 | 4.30x |
| 2009-06-30 | 0.17x |
| 2009-03-31 | -3.13x |
| 2008-12-31 | -0.63x |
| 2008-09-30 | 8.98x |
| 2008-06-30 | 10.09x |
| 2008-03-31 | 8.45x |
| 2007-12-31 | 3.22x |
| 2007-09-30 | 11.91x |
| 2007-06-30 | 23.29x |
| 2007-03-31 | 23.64x |
| 2006-12-31 | 5.46x |
| 2006-09-30 | 26.67x |
| 2006-06-30 | 19.21x |
| 2006-03-31 | 16.12x |
| 2005-12-31 | 3.32x |
| 2004-12-31 | 3.60x |
| 2004-09-30 | 18.46x |
