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IDEX IEX Interest coverage

Interest coverage at other companies

Dover logo
DoverDOV
12.4×+2.2×
Nordson logo
NordsonNDSN
8×+1.4×
Danaher logo
DanaherDHR
18.6×+1.7×
IR
Ingersoll RandIR
4.4×-1.1×
Fortive logo
FortiveFTV
6.2×+1.0×
ITT logo
ITTITT
10.6×-7.2×

Other financials

Income statement

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Revenue$886.9M+8.9%
Gross profit$398.1M+7.9%
Operating income$172.4M+21.4%
Net income$120.0M+25.7%
EPS (diluted)$1.61+27.8%

Balance sheet

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Cash & equivalents$591.8M-3.3%
Total debt$1.9B-3.4%
Total equity$4.0B+3.7%
Total assets$6.9B+1.8%

Cash flow

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Operating cash flow$103.7M-1.9%
CapEx$17.7M+23.8%
Free cash flow$86.0M-5.9%

Valuation

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Market cap$16.56B+2.9%
Enterprise value$17.86B+2.3%
P/E32.6×-1.0×
P/S4.7×-0.2×

Profitability

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Gross margin44.4%0.0pp
Operating margin20.7%+0.6pp
Net margin14.4%-0.2pp

Returns & leverage

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Return on equity12.8%0.0pp
Debt / equity0.5×0.0×
Current ratio3.4×+0.6×

Where this comes from

Calculated from IDEX’s reported figures.

ebit/interest expense=17.1×

Based on trailing twelve months.

The official record: IDEX’s 10-Q, filed October 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is IDEX's interest coverage?
IDEX (IEX) reported interest coverage of 17.1× in Q3 2024.
How has IDEX's interest coverage changed year-over-year?
IDEX's interest coverage increased by 19.3% year-over-year, from 14.3× to 17.1×.
What is the long-term trend for IDEX's interest coverage?
Over 2 years (2021 to 2023), IDEX's interest coverage has grown at a 5.3% compound annual growth rate (CAGR), from 55.5× to 61.5×.
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.