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 2.09x is 18% below its 5-year average of 2.55x, around the middle of its 5-year range (1.17x–3.04x).
As of the fiscal period ended Tuesday, June 30, 2026. 5.25% below its 12-month average of 2.20x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
2.09x
INTEREST COVERAGE RATIO AVG TTM
2.20x
INTEREST COVERAGE RATIO AVG 3Y
2.41x
INTEREST COVERAGE RATIO AVG 5Y
2.55x
INTEREST COVERAGE RATIO AVG 10Y
2.74x
INTEREST COVERAGE RATIO AVG 15Y
2.75x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-5.25%
CURRENT VS 3Y AVG
-13.48%
CURRENT VS 5Y AVG
-18.19%
CURRENT VS 10Y AVG
-23.91%
CURRENT VS 15Y AVG
-24.17%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
6.56x
median of 46 covered companies
CURRENT VS SECTOR MEDIAN
-68.22%
vs the sector median at left
TC Energy Corporation
Market Cap
$64.40B
Interest Coverage Ratio
2.09x
TTM Avg
2.20x
3Y Avg
2.41x
5Y Avg
2.55x
Market Cap
$61.95B
Interest Coverage Ratio
16.02x
TTM Avg
16.55x
3Y Avg
13.20x
5Y Avg
9.96x
Market Cap
$61.78B
Interest Coverage Ratio
4.04x
TTM Avg
3.94x
3Y Avg
4.16x
5Y Avg
4.09x
Market Cap
$58.78B
Interest Coverage Ratio
4.14x
TTM Avg
4.61x
3Y Avg
7.25x
5Y Avg
6.38x
Market Cap
$70.28B
Interest Coverage Ratio
2.67x
TTM Avg
2.51x
3Y Avg
2.55x
5Y Avg
2.63x
Market Cap
$55.61B
Interest Coverage Ratio
20.16x
TTM Avg
17.63x
3Y Avg
25.51x
5Y Avg
24.41x
Market Cap
$73.33B
Interest Coverage Ratio
2.84x
TTM Avg
2.88x
3Y Avg
3.08x
5Y Avg
2.92x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TC Energy Corporation (TRP) | $64.40B | 2.09x | 2.20x | 2.41x | 2.55x |
| Baker Hughes Company (BKR)vs › | $61.95B | 16.02x | 16.55x | 13.20x | 9.96x |
| Targa Resources Corp. (TRGP)vs › | $61.78B | 4.04x | 3.94x | 4.16x | 4.09x |
| MPLX Lp (MPLX)vs › | $60.12B | 4.84x | 5.29x | 5.30x | 4.33x |
| ONEOK, Inc. (OKE)vs › | $59.71B | 3.91x | 3.82x | 4.29x | 4.06x |
| Occidental Petroleum Corporation (OXY)vs › | $58.78B | 4.14x | 4.61x | 7.25x | 6.38x |
| Kinder Morgan, Inc. (KMI)vs › | $70.28B | 2.67x | 2.51x | 2.55x | 2.63x |
| Diamondback Energy, Inc. (FANG)vs › | $55.61B | 20.16x | 17.63x | 25.51x | 24.41x |
| Energy Transfer LP (ET)vs › | $73.33B | 2.84x | 2.88x | 3.08x | 2.92x |
| EOG Resources, Inc. (EOG)vs › | $76.35B | 36.05x | 47.31x | 53.80x | 49.89x |
Interest Coverage
2.1x
Debt/Equity
2.30
Current Ratio
0.61
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 | 2.09x |
| 2026-03-31 | 2.64x |
| 2025-12-31 | 2.07x |
| 2025-09-30 | 2.00x |
| 2025-06-30 | 2.22x |
| 2025-03-31 | 2.81x |
| 2024-12-31 | 1.17x |
| 2024-09-30 | 2.57x |
| 2024-06-30 | 2.28x |
| 2024-03-31 | 2.58x |
| 2023-12-31 | 2.97x |
| 2023-09-30 | 2.26x |
| 2023-06-30 | 2.47x |
| 2023-03-31 | 2.98x |
| 2022-12-31 | 2.70x |
| 2022-09-30 | 2.66x |
| 2022-06-30 | 2.59x |
| 2022-03-31 | 3.04x |
| 2021-12-31 | 2.93x |
| 2021-09-30 | 2.48x |
| 2021-06-30 | 2.69x |
| 2021-03-31 | 3.18x |
| 2020-12-31 | 2.53x |
| 2020-09-30 | 2.93x |
| 2020-06-30 | 2.75x |
| 2020-03-31 | 3.41x |
| 2019-12-31 | 2.91x |
| 2019-09-30 | 3.01x |
| 2019-06-30 | 3.17x |
| 2019-03-31 | 3.38x |
| 2018-12-31 | 3.08x |
| 2018-09-30 | 2.94x |
| 2018-06-30 | 2.98x |
| 2018-03-31 | 3.00x |
| 2017-12-31 | 2.80x |
| 2017-09-30 | 2.83x |
| 2017-06-30 | 2.45x |
| 2017-03-31 | 2.95x |
| 2016-12-31 | 2.32x |
| 2016-09-30 | 2.49x |
| 2016-06-30 | 3.57x |
| 2016-03-31 | 2.27x |
| 2015-12-31 | 2.26x |
| 2015-09-30 | 2.71x |
| 2015-06-30 | 2.64x |
| 2015-03-31 | 2.74x |
| 2014-12-31 | 2.66x |
| 2014-09-30 | 2.87x |
| 2014-06-30 | 2.37x |
| 2014-03-31 | 3.13x |
| 2013-12-31 | 3.13x |
| 2013-09-30 | 3.20x |
| 2013-06-30 | 2.44x |
| 2013-03-31 | 2.95x |
| 2012-12-31 | 2.59x |
| 2012-09-30 | 2.77x |
| 2012-06-30 | 2.37x |
| 2012-03-31 | 2.81x |
| 2011-12-31 | 2.89x |
| 2011-09-30 | 3.40x |
| 2011-06-30 | 3.22x |
| 2011-03-31 | 3.97x |
| 2010-12-31 | 2.86x |
| 2010-09-30 | 3.98x |
| 2010-06-30 | 2.98x |
| 2010-03-31 | 3.08x |
| 2009-12-31 | 3.27x |
| 2009-09-30 | 2.85x |
| 2009-06-30 | 2.42x |
| 2009-03-31 | 2.50x |
