Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024)
Howmet Aerospace's (HWM) quarterly Interest Coverage Ratio came in at 8.12 in Q2 2024, up 56.75% year-on-year from 5.18 in Q3 2023, and up 7.86% quarter-over-quarter from 7.53 in Q1 2024.
Howmet Aerospace (HWM) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Howmet Aerospace has disclosed Interest Coverage Ratio across 16 years of filings, most recently posting 8.12 for Q2 2024.
- Interest Coverage Ratio for Q2 2024 came in at 8.12, up 56.75% year-over-year; the trailing twelve-month figure through Mar 2025 was 35.88 (up 485.41% YoY), and the FY2023 annual result 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.
- The 5-year median for Interest Coverage Ratio is 3.91 (2022), against an average of 4.05.
- Across the five-year window, Interest Coverage Ratio tumbled 68.52% in 2020 and soared 510.32% in 2021, its largest moves.
- Howmet Aerospace's Interest Coverage Ratio stood at 2.91 in 2020, then slipped 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 advanced by 29.56% to 8.12 in 2024.
- The last three Interest Coverage Ratio figures came in at 8.12 (Q2 2024), 7.53 (Q1 2024), and 6.27 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | - |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | -4.64 |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | - |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 0.73 |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | 7.67 |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | - |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | - |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 6.10 |
| 10 | TransDigm | 74.20 Bn | 70.32 Bn | 1.51 Bn | 2.43 |
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 |