Esab (ESAB) Interest Coverage Ratio (2021 - 2026)
Esab's (ESAB) quarterly Interest Coverage Ratio came in at 2.57 in Q3 2026, down 50.52% year-over-year from 5.2 in Q3 2025, and down 27.33% quarter-over-quarter from 3.54 in Q2 2026.
Analysis
Esab (ESAB) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Esab (ESAB) has reported Interest Coverage Ratio for 6 consecutive years, with 2.57 the latest figure, recorded in Q3 2026.
- On a quarterly basis, Interest Coverage Ratio fell 50.52% year-over-year to 2.57 in Q3 2026; TTM through Jul 2026 was 3.54, a 43.48% decrease from a year earlier, with the FY2025 full-year figure at 4.91, down 28.76% from the prior year.
- Interest Coverage Ratio was 2.57 for Q3 2026 at Esab, down from 3.54 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 10.86 in Q3 2022 and troughed at 150.38 in Q2 2022.
- A 5-year average of 3.08 and a median of 5.06 in 2023 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio jumped 105.36% in 2022 and plunged 50.52% in 2026, its largest moves.
- Over 5 years, Interest Coverage Ratio stood at 4.26 in 2022, then slipped by 7.28% to 3.95 in 2023, then soared by 88.4% to 7.45 in 2024, then sank by 48.4% to 3.84 in 2025, then sank by 33.08% to 2.57 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.57 (Q3 2026), 3.54 (Q2 2026), and 3.84 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.34 Bn | 17.70 Bn | 635.20 Mn | 27.35 |
| 2 | Lincoln Electric Holdings | 13.60 Bn | 13.35 Bn | 449.00 Mn | - |
| 3 | Stanley Black & Decker | 13.38 Bn | 12.78 Bn | 1.31 Bn | -22.36 |
| 4 | Vontier | 4.40 Bn | 4.13 Bn | 365.00 Mn | - |
| 5 | Esab | 4.30 Bn | 4.09 Bn | 307.21 Mn | 2.57 |
| 6 | Brady | 4.03 Bn | 3.85 Bn | 231.13 Mn | 9.65 |
| 7 | Kennametal | 2.22 Bn | 2.12 Bn | 433.56 Mn | 30.22 |
| 8 | Enerpac Tool | 1.83 Bn | 1.72 Bn | 88.78 Mn | 18.29 |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 14.08 |
| 10 | Lakeland Industries | 90.53 Mn | 73.12 Mn | 14.89 Mn | 3.73 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 2.57 |
| Apr 3, 2026 | 3.54 |
| Dec 31, 2025 | 3.84 |
| Oct 3, 2025 | 4.52 |
| Jul 4, 2025 | 5.20 |
| Apr 4, 2025 | 6.55 |
| Dec 31, 2024 | 7.45 |
| Sep 27, 2024 | 6.28 |
| Jun 28, 2024 | 7.49 |
| Mar 29, 2024 | 6.47 |
| Dec 31, 2023 | 3.95 |
| Sep 29, 2023 | 4.93 |
| Jun 30, 2023 | 5.77 |
| Mar 31, 2023 | 4.65 |
| Dec 31, 2022 | 4.26 |
| Sep 30, 2022 | 6.66 |
| Jul 1, 2022 | 10.86 |
| Apr 1, 2022 | -150.38 |
| Dec 31, 2021 | -79.57 |
| Oct 1, 2021 | -376.38 |