FortiveLTS:0IRE -0.57%74 Interest Coverage is 6.07 as of Mar. 2026, which is 12% below its 10-year median of 6.93. GuruFocus rates LTS:0IRE with a GF Score™ of 74/100 and a GF Value™ of $59.38 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,673 Hardware companies, Fortive ranks worse than 67.78% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Fortive's
Operating Income
for the
three
months ended in Mar. 2026 was $192 Mil. Fortive's Interest Expense for the
three
months ended in Mar. 2026 was $-32 Mil.
Fortive's interest coverage for the quarter that ended in Mar. 2026 was 6.07.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Fortive's Interest Coverage or its related term are showing as below:
LTS:0IRE'
s Interest Coverage Range Over the Past 10 Years
Min: 3.11 Med: 6.93 Max: 22.88
Current: 6.65
LTS:0IRE's Interest Coverage is ranked worse than 67.78% of 1673
companies
in the Hardware industry
Industry Median: 13.73
vs LTS:0IRE: 6.65
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Fortive Interest Coverage Related Terms
Fortive Interest Coverage Historical Data
* Premium members only.
The historical data trend for Fortive's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
LTS:0IRE vs MKSI, TRMB, CGNX: Interest Coverage Comparison
For the Scientific & Technical Instruments subindustry, Fortive's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortive Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Fortive's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Fortive's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortive (LTS:0IRE) has a Interest Coverage of 6.07 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fortive and its competitors. This is 12% below median its historical median of 6.93. Over the past decade, Fortive's Interest Coverage has ranged from 3.11 to 22.88. According to the industry distribution chart, Fortive ranks #1134 out of 1673 companies in the Hardware industry, placing it in the top 67.8%.
Is Fortive's Interest Coverage too high?
Fortive's current Interest Coverage of 6.07 is 12% below median its 10-year median of 6.93. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 22.88. The Hardware industry median Interest Coverage is 13.73. Fortive's value of 6.07 is 55.8% below this industry median. Based on the distribution chart, Fortive ranks #1134 out of 1673 companies in the Hardware industry, which is below the industry midpoint. Overall, Fortive has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortive's Interest Coverage compare to MKSI and TRMB?
According to the Hardware industry distribution chart, Fortive ranks #1134 out of 1673 companies for Interest Coverage. This places Fortive in the lower half of its industry. The industry median Interest Coverage is 13.73. Fortive's value of 6.07 is 55.8% below this benchmark. Historically, Fortive's own Interest Coverage has ranged from 3.11 to 22.88 over the past decade. While the company's 10-year median is 6.93 vs. the industry median of 13.73, Fortive has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,673 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortive's current Interest Coverage of 6.07 is 55.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fortive and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortive's current Interest Coverage is 6.07, which is 12% below median its own 10-year median of 6.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortive stock overvalued right now?
Based on GuruFocus' analysis, Fortive (LTS:0IRE) is currently considered Fairly Valued. The stock's GF Value™ is $59.38, compared to a current price of $61.19 — trading 3% above its estimated fair value. The current Interest Coverage is 6.07, which is 12% below median its 10-year median of 6.93 and 55.8% below the Hardware industry median of 13.73. Fortive's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Fortive (LTS:0IRE), the current Interest Coverage is 6.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortive (LTS:0IRE) Overvalued in 2026?
Based on GuruFocus' analysis, Fortive stock appears to be overvalued.
The current stock price of $61.19 is trading 3% above its estimated GF Value™ of $59.38.
GuruFocus considers Fortive to be Fairly Valued.
Key valuation signals for LTS:0IRE:
Interest Coverage: 6.07 (12% below median its 10-year median of 6.93)
GF Value™: $59.38 vs. price of $61.19 (3% above fair value)
Industry Position: 55.8% below the Hardware median (#1134 of 1673)
No single metric tells the full story. See the LTS:0IRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortive Corp is a diversified industrial technology firm offering essential technologies, software, and services globally across several industries, such as manufacturing, utilities, medical, electronics, etc. It has two reportable segments: Intelligent Operating Solutions and Advanced Healthcare Solutions. Maximum revenue is generated from the Intelligent Operating Solutions segment, which offers professional instruments used in applications like maintenance, repair, measurement, and condition monitoring, connected worker safety, compliance solutions, etc. The products and services in this segment are marketed under various brands, including Fluke, Servicechannel, Gordian, Accruent, Industrial Scientific, and Intelex. Geographically, the firm generates maximum revenue from North America.
74GF Score
Get the complete analysis for LTS:0IRE
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0IRE has been successfully added to your 
