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 11.68x is in line with its 5-year average of 10.79x, around the middle of its 5-year range (5.26x–16.89x).
As of the fiscal period ended Tuesday, June 30, 2026. 6.21% below its 12-month average of 12.46x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
11.68x
INTEREST COVERAGE RATIO AVG TTM
12.46x
INTEREST COVERAGE RATIO AVG 3Y
12.24x
INTEREST COVERAGE RATIO AVG 5Y
10.79x
INTEREST COVERAGE RATIO AVG 10Y
8.26x
INTEREST COVERAGE RATIO AVG 15Y
7.51x
INTEREST COVERAGE RATIO AVG 20Y
6.66x
CURRENT VS TTM AVG
-6.21%
CURRENT VS 3Y AVG
-4.52%
CURRENT VS 5Y AVG
+8.25%
CURRENT VS 10Y AVG
+41.44%
CURRENT VS 15Y AVG
+55.49%
CURRENT VS 20Y AVG
+75.39%
SECTOR MEDIAN · INDUSTRIALS
7.85x
median of 137 covered companies
CURRENT VS SECTOR MEDIAN
+48.85%
vs the sector median at left
Thomson Reuters Corporation
Market Cap
$46.37B
Interest Coverage Ratio
11.68x
TTM Avg
12.46x
3Y Avg
12.24x
5Y Avg
10.79x
Market Cap
$46.89B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$45.19B
Interest Coverage Ratio
9.32x
TTM Avg
15.13x
3Y Avg
35.99x
5Y Avg
39.17x
Market Cap
$47.94B
Interest Coverage Ratio
9.12x
TTM Avg
8.74x
3Y Avg
10.37x
5Y Avg
10.03x
Market Cap
$48.16B
Interest Coverage Ratio
7.85x
TTM Avg
6.72x
3Y Avg
24.68x
5Y Avg
30.27x
Market Cap
$48.42B
Interest Coverage Ratio
-0.66x
TTM Avg
15.52x
3Y Avg
15.52x
5Y Avg
15.52x
Market Cap
$44.31B
Interest Coverage Ratio
17.17x
TTM Avg
15.45x
3Y Avg
15.04x
5Y Avg
17.58x
Market Cap
$48.46B
Interest Coverage Ratio
5.53x
TTM Avg
4.58x
3Y Avg
5.55x
5Y Avg
6.80x
Market Cap
$48.94B
Interest Coverage Ratio
3.60x
TTM Avg
3.29x
3Y Avg
3.30x
5Y Avg
4.95x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thomson Reuters Corporation (TRI) | $46.37B | 11.68x | 12.46x | 12.24x | 10.79x |
| HEICO Corporation (HEI)vs › | $46.89B | 7.85x | 6.72x | 24.68x | 30.27x |
| Paychex, Inc. (PAYX)vs › | $45.19B | 9.32x | 15.13x | 35.99x | 39.17x |
| Rockwell Automation, Inc. (ROK)vs › | $47.94B | 9.12x | 8.74x | 10.37x | 10.03x |
| HEICO Corporation (HEI-A)vs › | $48.16B | 7.85x | 6.72x | 24.68x | 30.27x |
| Axon Enterprise, Inc. (AXON)vs › | $48.42B | -0.66x | 15.52x | 15.52x | 15.52x |
| Ferguson plc (FERG)vs › | $44.31B | 17.17x | 15.45x | 15.04x | 17.58x |
| Carrier Global Corporation (CARR)vs › | $48.46B | 5.53x | 4.58x | 5.55x | 6.80x |
| L3Harris Technologies, Inc. (LHX)vs › | $48.94B | 3.60x | 3.29x | 3.30x | 4.95x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.36B | 8.31x | 8.16x | 6.89x | 6.04x |
Interest Coverage
11.7x
Debt/Equity
0.29
Current Ratio
0.51
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 | 11.68x |
| 2026-03-31 | 14.45x |
| 2025-12-31 | 9.22x |
| 2025-09-30 | 16.21x |
| 2025-06-30 | 10.72x |
| 2025-03-31 | 14.48x |
| 2024-12-31 | 16.89x |
| 2024-09-30 | 8.83x |
| 2024-06-30 | 8.83x |
| 2024-03-31 | 13.99x |
| 2023-12-31 | 10.86x |
| 2023-09-30 | 8.12x |
| 2023-06-30 | 14.80x |
| 2023-03-31 | 8.61x |
| 2022-12-31 | 12.35x |
| 2022-09-30 | 8.79x |
| 2022-06-30 | 8.39x |
| 2021-12-31 | 5.26x |
| 2021-09-30 | 6.60x |
| 2021-06-30 | 6.78x |
| 2021-03-31 | 7.84x |
| 2020-12-31 | 19.89x |
| 2020-09-30 | 7.24x |
| 2020-06-30 | 7.63x |
| 2020-03-31 | 7.31x |
| 2019-12-31 | 4.16x |
| 2019-09-30 | 6.25x |
| 2019-06-30 | 9.70x |
| 2019-03-31 | 6.26x |
| 2018-12-31 | 3.60x |
| 2018-09-30 | 2.19x |
| 2018-06-30 | 2.77x |
| 2018-03-31 | 3.85x |
| 2017-12-31 | 5.22x |
| 2017-09-30 | 3.50x |
| 2017-06-30 | 2.60x |
| 2017-03-31 | 3.21x |
| 2016-12-31 | 3.36x |
| 2016-09-30 | 4.13x |
| 2016-06-30 | 3.86x |
| 2016-03-31 | 3.20x |
| 2015-12-31 | 45.25x |
| 2015-09-30 | 3.78x |
| 2015-06-30 | 3.22x |
| 2015-03-31 | 3.45x |
| 2014-12-31 | 11.75x |
| 2014-09-30 | 4.24x |
| 2014-06-30 | 3.43x |
| 2014-03-31 | 3.32x |
| 2013-12-31 | 4.30x |
| 2013-09-30 | 2.80x |
| 2013-06-30 | 13.12x |
| 2013-03-31 | 10.69x |
| 2012-12-31 | 4.68x |
| 2012-09-30 | 3.51x |
| 2012-06-30 | 12.12x |
| 2012-03-31 | 2.82x |
| 2011-12-31 | -27.29x |
| 2011-09-30 | 6.46x |
| 2011-06-30 | 8.50x |
| 2011-03-31 | 3.92x |
| 2010-12-31 | 3.84x |
| 2010-09-30 | 3.46x |
| 2010-06-30 | 4.26x |
| 2010-03-31 | 2.06x |
| 2009-12-31 | 3.93x |
| 2009-09-30 | 2.86x |
| 2009-06-30 | 4.57x |
| 2009-03-31 | 3.92x |
| 2008-09-30 | 5.07x |
| 2008-06-30 | 2.79x |
| 2008-03-31 | 3.04x |