Eaton (ETN) Interest Coverage Ratio (2023 - 2026)
Eaton's (ETN) Interest Coverage Ratio was 6.93 for Q2 2026, down 60.9% from 17.69 a year earlier and down 37.4% from the prior quarter.
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Analysis
Eaton (ETN) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Eaton's Interest Coverage Ratio came in at 11.98, down 57.2% year-over-year; for FY2025, it was 21.61, down 39.3% from FY2024.
- By year, Interest Coverage Ratio came in at 35.63 in FY2024 (+38.5%), 25.73 in FY2023 (+23.7%) and 20.80 in FY2022.
- The Q2 2026 figure ranks as the lowest quarterly Interest Coverage Ratio in data going back to Q3 2023.
- Year over year, Interest Coverage Ratio has now declined in each of the last five quarters, with an average decline of 32.4% over the last eight quarters.
- The high point for year-over-year Interest Coverage Ratio in five years was Q3 2024 (growth of 30.0%); the low point was Q1 2026 (a decline of 69.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.06 (Q1 2026), 19.80 (Q4 2025) and 20.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 8.64 |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 12.09 |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 2.81 |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 6.93 |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 14.45 |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 36.66 |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 14.52 |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 15.99 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.93 |
| Mar 31, 2026 | 11.06 |
| Dec 31, 2025 | 19.80 |
| Sep 30, 2025 | 20.40 |
| Jun 30, 2025 | 17.69 |
| Mar 31, 2025 | 36.39 |
| Dec 31, 2024 | 29.17 |
| Sep 30, 2024 | 41.76 |
| Jun 30, 2024 | 41.14 |
| Mar 31, 2024 | 33.47 |
| Dec 31, 2023 | 39.93 |
| Sep 30, 2023 | 32.12 |
API Access
Eaton Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "ETN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();