Basis: Trailing twelve months (TTM). 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 2.33x is 20% below its 5-year average of 2.92x, around the middle of its 5-year range (-15.76x–19.84x).
43.59% above its 12-month average of 1.62x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2026 (2026-06-30): 4.10x.
INTEREST COVERAGE RATIO
2.33x
INTEREST COVERAGE RATIO AVG TTM
1.62x
INTEREST COVERAGE RATIO AVG 3Y
3.98x
INTEREST COVERAGE RATIO AVG 5Y
2.92x
INTEREST COVERAGE RATIO AVG 10Y
10.45x
INTEREST COVERAGE RATIO AVG 15Y
8.91x
INTEREST COVERAGE RATIO AVG 20Y
6.71x
CURRENT VS TTM AVG
+43.59%
CURRENT VS 3Y AVG
-41.46%
CURRENT VS 5Y AVG
-20.14%
CURRENT VS 10Y AVG
-77.71%
CURRENT VS 15Y AVG
-73.85%
CURRENT VS 20Y AVG
-65.26%
SECTOR MEDIAN · INDUSTRIALS
1.96x
median of 416 covered companies
CURRENT VS SECTOR MEDIAN
+18.58%
vs the sector median at left
Ultralife Corporation
Market Cap
$108.93M
Interest Coverage Ratio
2.33x
TTM Avg
1.62x
3Y Avg
3.98x
5Y Avg
2.92x
Market Cap
$106.92M
Interest Coverage Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$105.49M
Interest Coverage Ratio
N/A
TTM Avg
5.37x
3Y Avg
5.82x
5Y Avg
5.82x
Market Cap
$115.21M
Interest Coverage Ratio
-2.10x
TTM Avg
71.02x
3Y Avg
57.70x
5Y Avg
57.70x
Market Cap
$101.76M
Interest Coverage Ratio
N/A
TTM Avg
8.22x
3Y Avg
12.99x
5Y Avg
12.99x
Market Cap
$117.40M
Interest Coverage Ratio
0.03x
TTM Avg
0.07x
3Y Avg
0.07x
5Y Avg
0.39x
Market Cap
$100.06M
Interest Coverage Ratio
-144.41x
TTM Avg
23.75x
3Y Avg
44.36x
5Y Avg
44.36x
Market Cap
$99.47M
Interest Coverage Ratio
0.13x
TTM Avg
0.75x
3Y Avg
1.66x
5Y Avg
1.30x
Market Cap
$122.51M
Interest Coverage Ratio
N/A
TTM Avg
355.45x
3Y Avg
204.88x
5Y Avg
139.86x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ultralife Corporation (ULBI) | $108.93M | 2.33x | 1.62x | 3.98x | 2.92x |
| New Horizon Aircraft Ltd (HOVR)vs › | $106.92M | N/A | N/A | N/A | N/A |
| CBAK Energy Technology, Inc. (CBAT)vs › | $105.49M | N/A | 5.37x | 5.82x | 5.82x |
| Orion Energy Systems, Inc. (OESX)vs › | $115.21M | -2.10x | 71.02x | 57.70x | 57.70x |
| Heidmar Maritime Holdings Corp. (HMR)vs › | $101.76M | N/A | 8.22x | 12.99x | 12.99x |
| Mobile Infrastructure Corp (BEEP)vs › | $117.40M | 0.03x | 0.07x | 0.07x | 0.39x |
| HUHUTECH International Group Inc. Ordinary Shares (HUHU)vs › | $100.06M | -144.41x | 23.75x | 44.36x | 44.36x |
| Broadwind, Inc. (BWEN)vs › | $99.47M | 0.13x | 0.75x | 1.66x | 1.30x |
| Coda Octopus Group, Inc. (CODA)vs › | $122.51M | N/A | 355.45x | 204.88x | 139.86x |
| Proficient Auto Logistics, Inc. Common Stock (PAL)vs › | $94.97M | 2.49x | 2.49x | 8.66x | 8.66x |
Interest Coverage
2.3x
Debt/Equity
0.36
Current Ratio
2.87
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 | 4.10x |
| 2026-03-31 | -0.25x |
| 2025-12-31 | 2.95x |
| 2025-09-30 | -0.96x |
| 2025-06-30 | 2.27x |
| 2025-03-31 | 3.29x |
| 2024-12-31 | 1.78x |
| 2024-09-30 | 2.95x |
| 2024-06-30 | 9.37x |
| 2024-03-31 | 7.81x |
| 2023-12-31 | 6.45x |
| 2023-09-30 | 3.64x |
| 2023-06-30 | 8.33x |
| 2023-03-31 | 0.06x |
| 2022-12-31 | 0.59x |
| 2022-09-30 | -2.15x |
| 2022-06-30 | 4.48x |
| 2022-03-31 | -2.20x |
| 2021-12-31 | -15.76x |
| 2021-09-30 | -14.70x |
| 2021-06-30 | 19.84x |
| 2021-03-31 | 17.00x |
| 2020-12-31 | 18.98x |
| 2020-09-30 | 7.68x |
| 2020-06-30 | 21.64x |
| 2020-03-31 | 8.53x |
| 2019-12-31 | 12.36x |
| 2019-09-29 | 5.94x |
| 2019-06-30 | 26.68x |
| 2019-03-31 | 109.60x |
| 2018-09-30 | 115.38x |
| 2018-07-01 | 77.71x |
| 2018-04-01 | 71.39x |
| 2017-12-31 | 56.94x |
| 2017-10-01 | 33.24x |
| 2017-07-02 | 32.24x |
| 2017-04-02 | 27.07x |
| 2016-12-31 | 32.88x |
| 2016-09-25 | 22.76x |
| 2016-06-26 | 8.05x |
| 2016-03-27 | 4.73x |
| 2015-12-31 | 10.16x |
| 2015-09-27 | 18.05x |
| 2015-06-28 | 12.57x |
| 2015-03-29 | 12.27x |
| 2014-12-31 | 15.88x |
| 2014-09-28 | -0.98x |
| 2014-06-29 | -32.29x |
| 2014-03-30 | -19.57x |
| 2013-12-31 | 5.72x |
| 2013-09-29 | 9.88x |
| 2013-06-30 | -43.58x |
| 2013-03-31 | 4.17x |
| 2012-12-31 | 18.98x |
| 2012-09-30 | 18.08x |
| 2012-07-01 | -25.50x |
| 2012-04-01 | -12.39x |
| 2011-12-31 | 18.68x |
| 2011-10-02 | 12.57x |
| 2011-07-03 | 17.67x |
| 2011-04-03 | -35.37x |
| 2010-12-31 | -59.61x |
| 2010-09-26 | 18.64x |
| 2010-06-27 | 1.85x |
| 2010-03-28 | 1.72x |
| 2009-12-31 | 3.31x |
| 2009-09-27 | -0.86x |
| 2009-06-28 | -18.07x |
| 2009-03-29 | -12.40x |
| 2008-09-27 | 8.79x |
| 2008-06-28 | 69.49x |
| 2008-03-29 | 7.18x |
| 2007-09-29 | 1.28x |
| 2007-06-30 | 10.28x |
| 2007-03-31 | 0.94x |
| 2006-12-31 | -5.22x |
| 2006-09-30 | -6.04x |
| 2005-12-31 | 0.30x |
| 2005-10-01 | -7.79x |
| 2005-07-02 | 0.40x |
| 2005-04-02 | -12.40x |
| 2004-12-31 | -3.91x |
| 2004-09-25 | 5.55x |
| 2004-06-26 | 0.46x |
| 2003-12-31 | 18.19x |
| 2003-03-29 | 1.20x |
| 2002-09-28 | -2.34x |