The Current Month's EC2 Coverage metric has a number of metrics that are utilized in the calculation.
In the below example, 87% coverage has been calculated:
First, navigate to the EC2 Cost History report, filtered by Compute Cost BeforeRI/SP:
From here we can use the numbers to make the calculation.
Standard RI: $32,325.80
Compute Savings Plan: $2,923.76
Convertible RI: $1,494.48
Spot: $8.98
EC2 Coverage Usage = (Standard RI + Compute Savings Plan + Convertible RI + Spot)/All EC2 Usage
EC2 Coverage Usage % = (($32,325.80 + $2,923.76 + $1,494.48 + $8.98)/$42,159.71) * 100 = 87%