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 23.06x is 69% above its 5-year average of 13.66x, near the high end of its 5-year range (6.93x–23.06x).
As of the fiscal period ended Tuesday, June 30, 2026. 24.35% above its 12-month average of 18.54x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
23.06x
INTEREST COVERAGE RATIO AVG TTM
18.54x
INTEREST COVERAGE RATIO AVG 3Y
15.90x
INTEREST COVERAGE RATIO AVG 5Y
12.78x
INTEREST COVERAGE RATIO AVG 10Y
10.35x
INTEREST COVERAGE RATIO AVG 15Y
8.74x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+24.35%
CURRENT VS 3Y AVG
+44.99%
CURRENT VS 5Y AVG
+80.43%
CURRENT VS 10Y AVG
+122.79%
CURRENT VS 15Y AVG
+163.73%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
8.04x
median of 124 covered companies
CURRENT VS SECTOR MEDIAN
+186.95%
vs the sector median at left
Trane Technologies plc
Market Cap
$106.12B
Interest Coverage Ratio
23.06x
TTM Avg
18.54x
3Y Avg
15.90x
5Y Avg
12.78x
Market Cap
$106.07B
Interest Coverage Ratio
17.06x
TTM Avg
14.63x
3Y Avg
12.67x
5Y Avg
11.46x
Market Cap
$104.87B
Interest Coverage Ratio
22.03x
TTM Avg
15.60x
3Y Avg
9.21x
5Y Avg
7.01x
Market Cap
$101.01B
Interest Coverage Ratio
6.26x
TTM Avg
6.43x
3Y Avg
6.65x
5Y Avg
8.43x
Market Cap
$112.78B
Interest Coverage Ratio
14.11x
TTM Avg
11.65x
3Y Avg
8.38x
5Y Avg
6.52x
Market Cap
$93.12B
Interest Coverage Ratio
5.36x
TTM Avg
5.91x
3Y Avg
6.65x
5Y Avg
6.58x
Market Cap
$91.01B
Interest Coverage Ratio
5.05x
TTM Avg
6.00x
3Y Avg
7.19x
5Y Avg
7.13x
Market Cap
$88.90B
Interest Coverage Ratio
11.75x
TTM Avg
10.95x
3Y Avg
10.33x
5Y Avg
14.73x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $106.12B | 23.06x | 18.54x | 15.90x | 12.78x |
| General Dynamics Corporation (GD)vs › | $106.07B | 17.06x | 14.63x | 12.67x | 11.46x |
| Vertiv Holdings Co (VRT)vs › | $104.87B | 22.03x | 15.60x | 9.21x | 7.01x |
| Quanta Services, Inc. (PWR)vs › | $101.01B | 6.26x | 6.43x | 6.65x | 8.43x |
| Howmet Aerospace Inc. (HWM)vs › | $112.78B | 14.11x | 11.65x | 8.38x | 6.52x |
| 3M Company (MMM)vs › | $94.32B | 6.34x | 5.25x | 5.76x | 8.68x |
| CSX Corporation (CSX)vs › | $93.12B | 5.36x | 5.91x | 6.65x | 6.58x |
| Waste Management, Inc. (WM)vs › | $91.01B | 5.05x | 6.00x | 7.19x | 7.13x |
| Cummins Inc. (CMI)vs › | $88.90B | 11.75x | 10.95x | 10.33x | 14.73x |
| United Parcel Service, Inc. (UPS)vs › | $88.76B | 7.78x | 8.94x | 12.16x | 13.22x |
Interest Coverage
23.1x
Debt/Equity
0.53
Current Ratio
1.07
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 | 23.06x |
| 2026-03-31 | 13.96x |
| 2025-12-31 | 14.73x |
| 2025-09-30 | 20.96x |
| 2025-06-30 | 20.00x |
| 2025-03-31 | 14.09x |
| 2024-12-31 | 13.48x |
| 2024-09-30 | 16.26x |
| 2024-06-30 | 17.99x |
| 2024-03-31 | 10.91x |
| 2023-12-31 | 11.98x |
| 2023-09-30 | 14.93x |
| 2023-06-30 | 14.37x |
| 2023-03-31 | 7.93x |
| 2022-12-31 | 10.39x |
| 2022-09-30 | 13.25x |
| 2022-06-30 | 12.71x |
| 2022-03-31 | 6.93x |
| 2021-12-31 | 7.78x |
| 2021-09-30 | 10.11x |
| 2021-06-30 | 10.98x |
| 2021-03-31 | 5.82x |
| 2020-12-31 | 6.27x |
| 2020-09-30 | 9.08x |
| 2020-06-30 | 6.91x |
| 2020-03-31 | 2.44x |
| 2019-12-31 | 5.22x |
| 2019-09-30 | 8.25x |
| 2019-06-30 | 8.76x |
| 2019-03-31 | 4.54x |
| 2018-12-31 | 9.12x |
| 2018-09-30 | 12.10x |
| 2018-06-30 | 12.73x |
| 2018-03-31 | 3.34x |
| 2017-12-31 | 7.17x |
| 2017-09-30 | 9.39x |
| 2017-06-30 | 10.31x |
| 2017-03-31 | 3.98x |
| 2016-12-31 | 6.45x |
| 2016-09-30 | 9.24x |
| 2016-06-30 | 9.08x |
| 2016-03-31 | 3.98x |
| 2015-12-31 | 6.38x |
| 2015-09-30 | 8.52x |
| 2015-06-30 | 8.10x |
| 2015-03-31 | 3.11x |
| 2014-12-31 | 5.09x |
| 2014-09-30 | 8.41x |
| 2014-06-30 | 8.74x |
| 2014-03-31 | 2.98x |
| 2013-12-31 | 4.19x |
| 2013-09-30 | 3.69x |
| 2013-06-30 | 6.32x |
| 2013-03-31 | 2.34x |
| 2012-12-31 | 5.99x |
| 2012-09-30 | 7.91x |
| 2012-06-30 | 7.70x |
| 2012-03-31 | 3.05x |
| 2011-12-31 | 4.86x |
| 2011-09-30 | 2.58x |
| 2011-06-30 | 6.64x |
| 2011-03-31 | 3.40x |
| 2010-12-31 | 4.42x |
| 2010-09-30 | 5.81x |
| 2010-06-30 | 5.39x |
| 2010-03-31 | 4.17x |
| 2009-12-31 | 2.92x |
| 2009-09-30 | 4.16x |
| 2009-06-30 | 3.06x |
| 2009-03-31 | 0.74x |
| 2008-09-30 | 4.15x |
