Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024)
Howmet Aerospace's (HWM) Interest Coverage Ratio stood at 8.12 in Q2 2024, up 56.7% from 5.18 a year earlier and up 7.9% from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
On a TTM basis, Howmet Aerospace's Interest Coverage Ratio came in at 6.86 as of Jun 30, 2024, up 52.4% year-over-year; for FY2023, it came in at 5.52, up 37.5% from FY2022.
- Annual Interest Coverage Ratio has increased for four straight years.
- Across earlier years, Interest Coverage Ratio came in at 4.01 in FY2022 (+39.0%), 2.89 in FY2021 (+46.2%), 1.97 in FY2020 (+15.3%) and 1.71 in FY2019 (-16.7%).
- The Q2 2024 figure is the highest quarterly Interest Coverage Ratio since Q2 2017.
- On a year-over-year basis, Interest Coverage Ratio has increased for ten consecutive quarters, with growth averaging 42.0% over the last eight quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 510.3% in Q2 2021, against a decline of 68.5% in Q3 2020 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.53 (Q1 2024), 6.27 (Q4 2023) and 5.69 (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 300.22 Bn | 258.74 Bn | 5.02 Bn | -29.10 |
| 2 | Rtx | 259.87 Bn | 228.14 Bn | 5.81 Bn | - |
| 3 | Boeing | 150.31 Bn | 57.00 Bn | 2.41 Bn | 0.26 |
| 4 | Lockheed Martin | 135.84 Bn | 122.57 Bn | 2.45 Bn | 9.32 |
| 5 | General Dynamics | 93.95 Bn | 81.06 Bn | 2.18 Bn | - |
| 6 | Northrop Grumman | 78.10 Bn | 65.56 Bn | 2.35 Bn | 8.03 |
| 7 | Motorola Solutions | 77.81 Bn | 74.16 Bn | 1.68 Bn | 7.42 |
| 8 | Howmet Aerospace | 77.33 Bn | 72.93 Bn | 951.00 Mn | - |
| 9 | Honeywell International | 67.95 Bn | 20.07 Bn | 3.65 Bn | 4.92 |
| 10 | TransDigm | 64.14 Bn | 52.15 Bn | 1.63 Bn | 2.39 |
Historic Data
Download Data
Historic 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 |
API Access
Howmet Aerospace 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=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "HWM", "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=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();