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Which companies could struggle with their debt?

Debt is cheap until profits fall or rates rise. A company that barely earns its interest has little room for a bad year, and in a downturn it may have to cut investment, sell assets or issue shares to stay current.

Updated Sep 27, 2026

86
cover vs history

38 strained

38 of 384 S&P 500 companies outside finance earn less than twice their interest bill from operations. Across all of them, operating profit covers interest 8.6 times, stronger than in 86% of quarters since 2014.

Market interest cover 8.6xInterest paid $268.9B a year38 below 2x
Market interest cover, past 3 years

Over time

Select the market or any company below to see its interest cover by quarter.

S&P 500 interest cover, outside finance
Total operating profit over total interest expense. Latest 8.6x.
6x8xMar 15Mar 16Mar 17Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

The 60 thinnest interest cushions

Ranked by operating profit over interest expense, lowest first; companies with more cash than debt are left out. Strain scores the same from 0 to 100, highest for the thinnest cover. Select a column to sort.

CompanyStrainInterest coverNet debt / EBITDAInterest a yearSectorCover, 3 years

How to read this page

How it’s measured. Operating profit over interest expense for the last four reported quarters, for S&P 500 companies outside finance with at least $10 million a year in interest. Net debt to EBITDA uses the latest balance sheet.

Sources. Company financial statements from Financial Modeling Prep.

Interest cover is operating profit, before interest and taxes, divided by interest expense. Below 2x leaves little room for a bad year; one-off charges can push a healthy company down this list for a quarter or two.

Utilities and real estate run with more debt by design because their cash flows are steadier, so compare them with each other. Banks and insurers are left out.

This page is information, not investment advice. About our data and methods ›

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