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 64% below its 5-year average of 23.94x, 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. Q4 FY2023 (2023-12-31): 8.67x.
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 149 covered companies
CURRENT VS SECTOR MEDIAN
+11.41%
vs the sector median at left
Tower Semiconductor Ltd.
Market Cap
$24.05B
Interest Coverage Ratio
8.67x
TTM Avg
778.33x
3Y Avg
186.65x
5Y Avg
23.94x
Market Cap
$24.86B
Interest Coverage Ratio
14.24x
TTM Avg
17.64x
3Y Avg
42.60x
5Y Avg
59.59x
Market Cap
$24.92B
Interest Coverage Ratio
N/A
TTM Avg
9.11x
3Y Avg
9.11x
5Y Avg
9.11x
Market Cap
$23.10B
Interest Coverage Ratio
8.02x
TTM Avg
9.04x
3Y Avg
9.50x
5Y Avg
8.68x
Market Cap
$26.16B
Interest Coverage Ratio
14.56x
TTM Avg
14.30x
3Y Avg
13.61x
5Y Avg
12.33x
Market Cap
$26.27B
Interest Coverage Ratio
15.60x
TTM Avg
9.31x
3Y Avg
9.31x
5Y Avg
9.31x
Market Cap
$26.40B
Interest Coverage Ratio
95.38x
TTM Avg
74.47x
3Y Avg
92.69x
5Y Avg
128.80x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tower Semiconductor Ltd. (TSEM) | $24.05B | 8.67x | 778.33x | 186.65x | 23.94x |
| Super Micro Computer, Inc. (SMCI)vs › | $24.86B | 14.24x | 17.64x | 42.60x | 59.59x |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $24.92B | N/A | 9.11x | 9.11x | 9.11x |
| Verisk Analytics, Inc. (VRSK)vs › | $23.10B | 8.02x | 9.04x | 9.50x | 8.68x |
| F5, Inc. (FFIV)vs › | $22.72B | N/A | N/A | N/A | N/A |
| Samsara Inc. (IOT)vs › | $22.67B | N/A | N/A | N/A | N/A |
| VeriSign, Inc. (VRSN)vs › | $26.16B | 14.56x | 14.30x | 13.61x | 12.33x |
| Qnity Electronics, Inc. (Q)vs › | $26.27B | 15.60x | 9.31x | 9.31x | 9.31x |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.40B | 95.38x | 74.47x | 92.69x | 128.80x |
| Fiserv, Inc. (FISV)vs › | $26.42B | 3.72x | 4.24x | 4.62x | 4.06x |
Interest Coverage
8.7x
Debt/Equity
0.05
Current Ratio
4.91
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 |
|---|---|
| 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 |
