Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024)
Howmet Aerospace (HWM) posted Interest Coverage Ratio of 8.12 for Q2 2024, up 7.86% sequentially from 7.53 in Q1 2024, and up 56.75% YoY from 5.18 in Q3 2023.
Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Howmet Aerospace (HWM) has 16 years of Interest Coverage Ratio data on file, last reported at 8.12 in Q2 2024.
- Quarterly Interest Coverage Ratio rose 56.75% year-over-year to 8.12 in Q2 2024, while the trailing twelve-month figure through Mar 2025 was 35.88 (up 485.41% YoY) and the FY2023 annual result came in at 5.52, up 37.51% from the prior year.
- Interest Coverage Ratio climbed to 8.12 in Q2 2024 per HWM's latest filing, from 7.53 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 8.12 in Q2 2024, with the low at 0.51 in Q2 2020.
- Average Interest Coverage Ratio over 5 years is 4.05, with a median of 3.91 recorded in 2022.
- Year-over-year, Interest Coverage Ratio sank 68.52% in 2020 and jumped 510.32% in 2021.
- Howmet Aerospace's Interest Coverage Ratio stood at 2.91 in 2020, then fell by 12.84% to 2.53 in 2021, then surged by 52.29% to 3.86 in 2022, then jumped by 62.43% to 6.27 in 2023, then increased by 29.56% to 8.12 in 2024.
- Business Quant data shows HWM's Interest Coverage Ratio at 8.12 in Q2 2024, 7.53 in Q1 2024, and 6.27 in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 0.73 |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | - |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | - |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 7.67 |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | - |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 2.43 |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 6.10 |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -43.93 |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | - |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 10.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 8.12 |
| Mar 31, 2024 | 7.53 |
| Dec 31, 2023 | 6.27 |
| Sep 30, 2023 | 5.69 |
| Jun 30, 2023 | 5.18 |
| Mar 31, 2023 | 5.00 |
| Dec 31, 2022 | 3.86 |
| Sep 30, 2022 | 4.00 |
| Jun 30, 2022 | 4.23 |
| Mar 31, 2022 | 3.97 |
| Dec 31, 2021 | 2.53 |
| Sep 30, 2021 | 3.25 |
| Jun 30, 2021 | 3.14 |
| Mar 31, 2021 | 2.63 |
| Dec 31, 2020 | 2.91 |
| Sep 30, 2020 | 0.95 |
| Jun 30, 2020 | 0.51 |
| Mar 31, 2020 | 3.07 |
| Dec 31, 2019 | 3.48 |
| Sep 30, 2019 | 3.01 |