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 -0.98x is 107% below its 5-year average of 13.43x, near the low end of its 5-year range (-0.98x–36.04x).
As of the fiscal period ended Saturday, April 4, 2026. 107.07% below its 12-month average of 13.85x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
-0.98x
INTEREST COVERAGE RATIO AVG TTM
13.85x
INTEREST COVERAGE RATIO AVG 3Y
9.25x
INTEREST COVERAGE RATIO AVG 5Y
12.24x
INTEREST COVERAGE RATIO AVG 10Y
13.52x
INTEREST COVERAGE RATIO AVG 15Y
14.79x
INTEREST COVERAGE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-107.07%
CURRENT VS 3Y AVG
-110.59%
CURRENT VS 5Y AVG
-108.00%
CURRENT VS 10Y AVG
-107.24%
CURRENT VS 15Y AVG
-106.62%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
6.77x
median of 73 covered companies
CURRENT VS SECTOR MEDIAN
-114.46%
vs the sector median at left
Waters Corporation
Market Cap
$24.59B
Interest Coverage Ratio
-0.98x
TTM Avg
13.85x
3Y Avg
9.25x
5Y Avg
12.24x
Market Cap
$24.23B
Interest Coverage Ratio
553.04x
TTM Avg
298.73x
3Y Avg
269.07x
5Y Avg
276.66x
Market Cap
$24.00B
Interest Coverage Ratio
1029.00x
TTM Avg
617.01x
3Y Avg
353.82x
5Y Avg
258.97x
Market Cap
$25.35B
Interest Coverage Ratio
6.77x
TTM Avg
5.99x
3Y Avg
5.91x
5Y Avg
8.30x
Market Cap
$25.72B
Interest Coverage Ratio
5.79x
TTM Avg
5.88x
3Y Avg
7.29x
5Y Avg
9.45x
Market Cap
$22.91B
Interest Coverage Ratio
-45.74x
TTM Avg
444.02x
3Y Avg
1201.03x
5Y Avg
1201.03x
Market Cap
$22.26B
Interest Coverage Ratio
18.15x
TTM Avg
14.10x
3Y Avg
10.28x
5Y Avg
10.20x
Market Cap
$21.98B
Interest Coverage Ratio
77.81x
TTM Avg
54.95x
3Y Avg
40.03x
5Y Avg
35.88x
Market Cap
$21.75B
Interest Coverage Ratio
-307.40x
TTM Avg
531.75x
3Y Avg
531.75x
5Y Avg
531.75x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $24.59B | -0.98x | 13.85x | 9.25x | 12.24x |
| Incyte Corporation (INCY)vs › | $24.23B | 553.04x | 298.73x | 269.07x | 276.66x |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.00B | 1029.00x | 617.01x | 353.82x | 258.97x |
| Labcorp Holdings Inc. (LH)vs › | $25.35B | 6.77x | 5.99x | 5.91x | 8.30x |
| Quest Diagnostics Incorporated (DGX)vs › | $25.72B | 5.79x | 5.88x | 7.29x | 9.45x |
| BioNTech SE (BNTX)vs › | $22.91B | -45.74x | 444.02x | 1201.03x | 1201.03x |
| STERIS plc (STE)vs › | $22.26B | 18.15x | 14.10x | 10.28x | 10.20x |
| United Therapeutics Corporation (UTHR)vs › | $21.98B | 77.81x | 54.95x | 40.03x | 35.88x |
| Moderna, Inc. (MRNA)vs › | $21.75B | -307.40x | 531.75x | 531.75x | 531.75x |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $27.44B | 1.99x | 1.99x | 1.99x | 1.99x |
Interest Coverage
-1.0x
Debt/Equity
0.58
Current Ratio
1.73
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 |
|---|---|
| 2026-04-04 | -0.98x |
| 2025-12-31 | 36.04x |
| 2025-09-27 | 7.21x |
| 2025-06-28 | 13.11x |
| 2025-03-29 | 10.63x |
| 2024-12-31 | 15.39x |
| 2024-09-28 | 9.85x |
| 2024-06-29 | 7.97x |
| 2024-03-30 | 5.24x |
| 2023-12-31 | 8.61x |
| 2023-09-30 | 5.89x |
| 2023-07-01 | 8.59x |
| 2023-04-01 | 12.06x |
| 2022-12-31 | 20.60x |
| 2022-10-01 | 15.46x |
| 2022-07-02 | 17.48x |
| 2022-04-02 | 17.68x |
| 2021-12-31 | 24.09x |
| 2021-10-02 | 17.31x |
| 2021-07-03 | 16.33x |
| 2021-04-03 | 15.65x |
| 2020-12-31 | 23.85x |
| 2020-09-26 | 14.51x |
| 2020-06-27 | 11.92x |
| 2020-03-28 | 4.85x |
| 2019-12-31 | 16.62x |
| 2019-09-28 | 15.12x |
| 2019-06-29 | 15.52x |
| 2019-03-30 | 10.48x |
| 2018-12-31 | 20.94x |
| 2018-09-29 | 15.01x |
| 2018-06-30 | 15.33x |
| 2018-03-31 | 10.43x |
| 2017-12-31 | 15.06x |
| 2017-09-30 | 10.78x |
| 2017-07-01 | 10.93x |
| 2017-04-01 | 9.33x |
| 2016-12-31 | 17.21x |
| 2016-10-01 | 12.96x |
| 2016-07-02 | 13.80x |
| 2016-04-02 | 11.13x |
| 2015-12-31 | 19.70x |
| 2015-10-03 | 15.07x |
| 2015-07-04 | 14.41x |
| 2015-04-04 | 13.37x |
| 2014-12-31 | 17.79x |
| 2014-09-27 | 15.31x |
| 2014-06-28 | 14.85x |
| 2014-03-29 | 11.85x |
| 2013-12-31 | 22.22x |
| 2013-09-28 | 16.18x |
| 2013-06-29 | 14.87x |
| 2013-03-30 | 15.23x |
| 2012-12-31 | 20.98x |
| 2012-09-29 | 17.13x |
| 2012-06-30 | 17.46x |
| 2012-03-31 | 16.98x |
| 2011-12-31 | 24.69x |
| 2011-10-01 | 20.66x |
| 2011-07-02 | 23.87x |
| 2011-04-02 | 28.38x |
| 2010-12-31 | 38.20x |
| 2010-10-02 | 27.25x |
| 2010-07-03 | 29.16x |
| 2010-04-03 | 35.33x |
| 2009-12-31 | 53.91x |
| 2009-10-03 | 33.56x |
| 2009-07-04 | 32.73x |
| 2009-04-04 | 27.31x |
