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 8.67x is 94% below its 5-year average of 133.96x, near the low end of its 5-year range (4.14x–1548.00x).
As of the fiscal period ended Sunday, December 31, 2023. 98.89% below its 12-month average of 778.33x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
8.67x
INTEREST COVERAGE RATIO AVG TTM
778.33x
INTEREST COVERAGE RATIO AVG 3Y
186.65x
INTEREST COVERAGE RATIO AVG 5Y
23.94x
INTEREST COVERAGE RATIO AVG 10Y
10.05x
INTEREST COVERAGE RATIO AVG 15Y
4.95x
INTEREST COVERAGE RATIO AVG 20Y
4.39x
CURRENT VS TTM AVG
-98.89%
CURRENT VS 3Y AVG
-95.36%
CURRENT VS 5Y AVG
-63.79%
CURRENT VS 10Y AVG
-13.72%
CURRENT VS 15Y AVG
+75.01%
CURRENT VS 20Y AVG
+97.29%
SECTOR MEDIAN · TECHNOLOGY
7.78x
median of 141 covered companies
CURRENT VS SECTOR MEDIAN
+11.41%
vs the sector median at left
Tower Semiconductor Ltd.
Market Cap
$26.08B
Interest Coverage Ratio
8.67x
TTM Avg
778.33x
3Y Avg
186.65x
5Y Avg
23.94x
Market Cap
$25.80B
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.38B
Interest Coverage Ratio
8.02x
TTM Avg
9.04x
3Y Avg
9.50x
5Y Avg
8.68x
Market Cap
$26.44B
Interest Coverage Ratio
8.39x
TTM Avg
8.39x
3Y Avg
8.39x
5Y Avg
8.39x
Market Cap
$25.31B
Interest Coverage Ratio
14.56x
TTM Avg
14.30x
3Y Avg
13.61x
5Y Avg
12.33x
Market Cap
$27.21B
Interest Coverage Ratio
3.72x
TTM Avg
4.24x
3Y Avg
4.62x
5Y Avg
4.06x
Market Cap
$27.23B
Interest Coverage Ratio
-83.80x
TTM Avg
1145.05x
3Y Avg
1145.05x
5Y Avg
1145.05x
Market Cap
$24.22B
Interest Coverage Ratio
4.83x
TTM Avg
4.75x
3Y Avg
5.76x
5Y Avg
6.91x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tower Semiconductor Ltd. (TSEM) | $26.08B | 8.67x | 778.33x | 186.65x | 23.94x |
| Zoom Communications, Inc. (ZM)vs › | $25.80B | N/A | N/A | N/A | N/A |
| Verisk Analytics, Inc. (VRSK)vs › | $26.38B | 8.02x | 9.04x | 9.50x | 8.68x |
| Splunk Inc. (SPLK)vs › | $26.44B | 8.39x | 8.39x | 8.39x | 8.39x |
| VeriSign, Inc. (VRSN)vs › | $25.31B | 14.56x | 14.30x | 13.61x | 12.33x |
| Fiserv, Inc. (FISV)vs › | $27.21B | 3.72x | 4.24x | 4.62x | 4.06x |
| Strategy Inc (MSTR)vs › | $27.23B | -83.80x | 1145.05x | 1145.05x | 1145.05x |
| Corpay, Inc. (CPAY)vs › | $24.22B | 4.83x | 4.75x | 5.76x | 6.91x |
| MongoDB, Inc. (MDB)vs › | $23.99B | -43.79x | N/A | N/A | N/A |
| Qnity Electronics, Inc. (Q)vs › | $28.27B | 15.60x | 9.31x | 9.31x | 9.31x |
Interest Coverage
8.7x
Debt/Equity
0.06
Current Ratio
6.48
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 |
|---|---|
| 2023-12-31 | 8.67x |
| 2022-12-31 | 1548.00x |
| 2022-09-30 | 8.47x |
| 2022-06-30 | 8.66x |
| 2022-03-31 | 29.56x |
| 2021-12-31 | 150.17x |
| 2021-09-30 | 16.27x |
| 2021-06-30 | 70.25x |
| 2021-03-31 | 4.14x |
| 2020-12-31 | 22.28x |
| 2020-09-30 | 33.79x |
| 2020-03-31 | 7.78x |
| 2019-09-30 | 53.33x |
| 2019-03-31 | 37.71x |
| 2018-12-31 | 10.30x |
| 2018-09-30 | 15.44x |
| 2018-06-30 | 6.29x |
| 2018-03-31 | 8.42x |
| 2017-12-31 | 13.44x |
| 2017-09-30 | 13.66x |
| 2017-06-30 | 18.38x |
| 2017-03-31 | 12.48x |
| 2016-12-31 | 6.32x |
| 2016-09-30 | 8.93x |
| 2016-06-30 | 3.82x |
| 2016-03-31 | 4.21x |
| 2015-12-31 | 2.27x |
| 2015-09-30 | 2.71x |
| 2015-06-30 | 1.98x |
| 2015-03-31 | 0.02x |
| 2014-12-31 | 0.93x |
| 2014-09-30 | -1.17x |
| 2014-06-30 | -1.34x |
| 2014-03-31 | -3.03x |
| 2013-09-30 | -0.93x |
| 2013-06-30 | -0.48x |
| 2013-03-31 | -2.67x |
| 2012-12-31 | -0.59x |
| 2012-06-30 | 0.61x |
| 2012-03-31 | 0.12x |
| 2011-12-31 | -0.41x |
| 2011-09-30 | -3.36x |
| 2011-06-30 | 1.08x |
| 2011-03-31 | 0.80x |
| 2010-12-31 | 1.26x |
| 2010-09-30 | 1.38x |
| 2010-06-30 | 0.46x |
| 2010-03-31 | 0.00x |
| 2009-12-31 | -0.56x |
| 2009-09-30 | -1.16x |
| 2009-06-30 | -2.55x |
| 2009-03-31 | -28.57x |
| 2008-06-30 | -231.51x |
| 2008-03-31 | -49.98x |
| 2005-12-31 | -257.88x |
| 2003-09-30 | -213.52x |
| 2002-09-30 | -10.16x |
| 2002-08-01 | -45.81x |
