Eastern Company

Eastern Company Interest Coverage

The Interest Coverage Ratio of Eastern Company (EML) as of Oct 31, 2026 is 7.40. In the previous year, Interest Coverage Ratio was 6.07 — a change of 21.94% (higher).

Interest Coverage

7.40

YoY

21.94%

Last updated:

Interest Coverage Ratio of Eastern Company is 2024 7.40 . Interest Coverage Ratio of Eastern Company was 2023 6.07 . It decreases by 21.94% higher compared to the previous year.

The Eastern Company Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
12.08 USD
Jan 1, 2018
14.88 USD
Jan 1, 2019
9.19 USD
Jan 1, 2020
6.43 USD
Jan 1, 2021
11.29 USD
Jan 1, 2022
7.15 USD
Jan 1, 2023
6.07 USD
Jan 1, 2024
7.40 USD
The Eastern Company Interest Coverage history
YEARInterest CoverageYoY
7.40+21.94%
6.07-15.06%
7.15-36.69%
11.29+75.57%
6.43-30.01%
9.19-38.26%
14.88+23.17%
12.08-89.27%
112.57+180.46%
40.14+2.76%
39.06—

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Eastern Company Stock analysis

What does Eastern Company do? Eastern Co is an American company headquartered in Naugatuck, Connecticut. It was founded in 1858 by Seth Atwood as the Atwood Manufacturing Company and its main products were carriages, horse-drawn sleighs, and other horse harnesses. In 1900, the company changed its name to Eastern Manufacturing Company and began producing sliding doors and carriage housings. In the 1920s, Eastern started manufacturing products for the automotive market, particularly steel body parts to reinforce car bodies. In the 1930s, the company further expanded and started manufacturing autonomous curve light systems, as well as reflectors and other safety equipment. During World War II, Eastern was a major supplier of components and parts for the defense industry. After the war, Eastern specialized in various industries such as electrical and telecommunications systems, as well as steel manufacturing and processing. Eastern's current business model is to provide innovative products, services, and solutions to meet customer needs. Eastern has four main divisions: Industrial Hardware, Security Products, Metal Products, and Gears. Eastern takes pride in being recognized worldwide and constantly strives to improve its products and tailor them to customer requirements. The Industrial Hardware division offers several products including hardware, fasteners, locking systems, and die-cast parts. These are used in various industries such as automotive, healthcare, aviation, and construction. The Security Products division includes alarm and security systems, locking systems, door systems, and access controls. It benefits mainly from the growing demand for security solutions and is a key supplier to the construction, trade, and food industries. The Metal Products division is a leading manufacturer of stainless steel products, including screws, nuts, emergency lighting, reflectors, and other lighting solutions. It also provides custom services such as metal cutting and bending. The Gears division manufactures gear products used in various industries such as aerospace, defense, power supply, and automotive. It offers both standardized and custom solutions to meet the different requirements of its customers. Eastern is known for its innovative products and services, which are characterized by high quality, durability, and reliability. The company is committed to always providing the best solutions to its customers and works intensively to improve its work processes, products, and services. The company has a clear vision and mission, which are to create a dynamic by continuously bringing innovative products to the market. Eastern's vision is to be a leader in providing safe, high-quality, and innovative products. The company has extensive experience in manufacturing high-quality products and continues to strive to provide the best solutions to its customers. Eastern Company is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Eastern Company stock

Interest Coverage Ratio of Eastern Company is 7.40 in 2024.

Interest Coverage Ratio of Eastern Company changed from 6.07 to 7.40, representing a 21.94% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Eastern Company since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Eastern Company with sector peers and the industry average to assess whether it is attractive.

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Leverage — Eastern Company

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