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 41.69x is 41412% above its 5-year average of -0.10x, near the high end of its 5-year range (-30.57x–41.69x).
As of the fiscal period ended Sunday, June 30, 2024. 417.61% above its 12-month average of 8.05x.
Reported quarterly interest coverage; no daily interpolation. Q2 FY2024 (2024-06-30): 41.69x.
INTEREST COVERAGE RATIO
41.69x
INTEREST COVERAGE RATIO AVG TTM
8.05x
INTEREST COVERAGE RATIO AVG 3Y
1.49x
INTEREST COVERAGE RATIO AVG 5Y
-0.10x
INTEREST COVERAGE RATIO AVG 10Y
N/A
INTEREST COVERAGE RATIO AVG 15Y
N/A
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+417.61%
CURRENT VS 3Y AVG
+2700.91%
CURRENT VS 5Y AVG
+41412.00%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.30x
median of 451 covered companies
CURRENT VS SECTOR MEDIAN
+13795.03%
vs the sector median at left
Vertex, Inc.
Market Cap
$1.99B
Interest Coverage Ratio
41.69x
TTM Avg
8.05x
3Y Avg
1.49x
5Y Avg
-0.10x
Market Cap
$1.97B
Interest Coverage Ratio
2.81x
TTM Avg
2.61x
3Y Avg
2.11x
5Y Avg
1.97x
Market Cap
$2.04B
Interest Coverage Ratio
725.36x
TTM Avg
617.80x
3Y Avg
346.51x
5Y Avg
412.32x
Market Cap
$1.93B
Interest Coverage Ratio
-7.09x
TTM Avg
15.45x
3Y Avg
15.30x
5Y Avg
15.30x
Market Cap
$2.06B
Interest Coverage Ratio
-108.53x
TTM Avg
211.98x
3Y Avg
211.98x
5Y Avg
141.51x
Market Cap
$1.90B
Interest Coverage Ratio
18.17x
TTM Avg
21.73x
3Y Avg
48.88x
5Y Avg
55.06x
Market Cap
$2.09B
Interest Coverage Ratio
0.21x
TTM Avg
0.21x
3Y Avg
0.21x
5Y Avg
0.21x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Vertex, Inc. (VERX) | $1.99B | 41.69x | 8.05x | 1.49x | -0.10x |
| BitVentures Limited (BVC)vs › | $2.01B | N/A | N/A | N/A | N/A |
| Blackbaud, Inc. (BLKB)vs › | $1.97B | 2.81x | 2.61x | 2.11x | 1.97x |
| Amplitude, Inc. (AMPL)vs › | $1.97B | N/A | N/A | N/A | N/A |
| GigaCloud Technology Inc. (GCT)vs › | $2.04B | 725.36x | 617.80x | 346.51x | 412.32x |
| Bandwidth Inc. (BAND)vs › | $1.93B | -7.09x | 15.45x | 15.30x | 15.30x |
| Sonos, Inc. (SONO)vs › | $2.06B | -108.53x | 211.98x | 211.98x | 141.51x |
| Karooooo Ltd. (KARO)vs › | $1.90B | 18.17x | 21.73x | 48.88x | 55.06x |
| nCino, Inc. (NCNO)vs › | $2.09B | 0.21x | 0.21x | 0.21x | 0.21x |
| Keel Infrastructure Corp. (KEEL)vs › | $2.10B | -17.35x | 18.61x | 9.52x | 9.52x |
Interest Coverage
41.7x
Debt/Equity
1.45
Current Ratio
0.87
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 |
|---|---|
| 2024-06-30 | 41.69x |
| 2024-03-31 | -5.47x |
| 2023-12-31 | -0.62x |
| 2023-09-30 | -3.38x |
| 2022-12-31 | -3.49x |
| 2022-09-30 | -2.41x |
| 2022-06-30 | -5.93x |
| 2021-12-31 | -0.04x |
| 2021-09-30 | -6.94x |
| 2021-03-31 | 4.01x |
| 2020-09-30 | -26.67x |
| 2020-06-30 | -25.00x |
| 2020-03-31 | -30.57x |
| 2019-12-31 | 8.98x |
| 2019-09-30 | 24.51x |
| 2019-06-30 | 14.19x |
| 2019-03-31 | 14.48x |
