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APi Group APG Interest coverage

Interest coverage at other companies

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EMCOR GroupEME
142.5×-213×
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Comfort Systems USAFIX
143.3×+25.8×
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Vertiv Holdings CoVRT
35.1×+24.4×
nVent Electric plc logo
nVent Electric plcNVT
6.5×-3.6×
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FortiveFTV
6.2×+1.0×
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Carpenter TechnologyCRS
15.3×+5.6×

Other financials

Income statement

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Revenue$2.0B+15.3%
Gross profit$620.0M+14.4%
Operating income$103.0M+22.6%
Net income$57.0M+62.9%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$645.0M+39.9%
Total debt$2.8B+0.2%
Total equity$3.5B+16.9%
Total assets$9.0B+10.7%

Cash flow

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Operating cash flow$85.0M+37.1%
CapEx$18.0M+50.0%
Free cash flow$67.0M+34.0%

Valuation

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Market cap$18.11B+76.1%
Enterprise value$20.23B+60.4%
P/E55.9×+13.1×
P/S2.2×+0.8×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp

Returns & leverage

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Return on equity10%+0.9pp
Debt / equity0.8×-0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from APi Group’s reported figures.

Based on trailing twelve months.

The official record: APi Group’s 10-Q, filed July 31, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is APi Group's interest coverage?
APi Group (APG) reported interest coverage of 5.9× in Q2 2024.
How has APi Group's interest coverage changed year-over-year?
APi Group's interest coverage increased by 193.5% year-over-year, from 2× to 5.9×.
What is the long-term trend for APi Group's interest coverage?
Over 2 years (2021 to 2023), APi Group's interest coverage has grown at a 15.8% compound annual growth rate (CAGR), from 6.3× to 8.5×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.