Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024)
Howmet Aerospace recorded quarterly Interest Coverage Ratio of 8.12 in Q2 2024, up 7.86% quarter-over-quarter from 7.53 in Q1 2024, and up 56.75% year-over-year from 5.18 in Q3 2023.
Howmet Aerospace's Interest Coverage Ratio history runs 16 years deep, the most recent figure standing at 8.12 for Q2 2024.
- In Q2 2024, Interest Coverage Ratio rose 56.75% year-over-year to 8.12; the TTM figure through Mar 2025 stood at 35.88 (up 485.41% YoY), while the FY2023 annual figure was 5.52, up 37.51% from the prior year.
- Interest Coverage Ratio came in at 8.12 for Q2 2024 at Howmet Aerospace, up from 7.53 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 8.12 in Q2 2024 to a low of 0.51 in Q2 2020.
- A 5-year average of 4.05 and a median of 3.91 in 2022 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio slumped 68.52% in 2020 and jumped 510.32% in 2021, its largest moves.
- Howmet Aerospace's Interest Coverage Ratio stood at 2.91 in 2020, then dropped by 12.84% to 2.53 in 2021, then soared by 52.29% to 3.86 in 2022, then surged by 62.43% to 6.27 in 2023, then climbed by 29.56% to 8.12 in 2024.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 8.12, 7.53, and 6.27 for Q2 2024, Q1 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | -4.64 |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | - |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 0.73 |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | 7.67 |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | - |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | - |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | -43.93 |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 6.10 |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 2.43 |
| 10 | Cae | 60.63 Bn | 60.14 Bn | -496.95 Mn | - |
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 |
| Jun 30, 2019 | -0.95 |
| Mar 31, 2019 | 4.40 |
| Dec 31, 2018 | -2.64 |
| Sep 30, 2018 | 3.92 |
| Jun 30, 2018 | 3.64 |
| Mar 31, 2018 | 2.92 |
| Dec 31, 2017 | -4.42 |
| Sep 30, 2017 | 3.10 |
| Jun 30, 2017 | 13.33 |
| Mar 31, 2017 | 2.46 |
| Dec 31, 2016 | 1.28 |
| Sep 30, 2016 | 1.88 |
| Jun 30, 2016 | 2.28 |
| Mar 31, 2016 | 1.17 |
| Dec 31, 2015 | 102.33 |
| Sep 30, 2015 | -55.28 |
| Jun 30, 2015 | -57.05 |
| Mar 31, 2015 | 0.71 |
| Dec 31, 2014 | 133.00 |
| Sep 30, 2014 | -36.30 |
| Jun 30, 2014 | -350.62 |
| Mar 31, 2014 | -39.74 |
| Dec 31, 2013 | -31.78 |
| Sep 30, 2013 | -43.73 |
| Jun 30, 2013 | -42.88 |
| Mar 31, 2013 | -40.11 |
| Dec 31, 2012 | 132.23 |
| Sep 30, 2012 | -44.15 |
| Jun 30, 2012 | -41.95 |
| Mar 31, 2012 | -40.33 |
| Dec 31, 2011 | -43.74 |
| Sep 30, 2011 | -40.08 |
| Jun 30, 2011 | -29.02 |
| Mar 31, 2011 | -37.93 |
| Dec 31, 2010 | -35.51 |
| Sep 30, 2010 | -31.32 |
| Jun 30, 2010 | -33.46 |
| Mar 31, 2010 | -34.75 |
| Dec 31, 2009 | -43.79 |
| Sep 30, 2009 | -31.58 |
| Jun 30, 2009 | -38.18 |
| Mar 31, 2009 | -43.16 |