QIND (Quality Industrial) Effective Interest Rate on Debt %: 8.81% (As of Jun. 2023)


What is Quality Industrial Effective Interest Rate on Debt %?

Quality Industrial QIND Effective Interest Rate on Debt % is 8.81% as of Jun. 2023.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Quality Industrial's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $4.14 Mil. Quality Industrial's average total debt for the quarter that ended in Jun. 2023 was $47.04 Mil. Therefore, Quality Industrial's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 8.81%.

Quality Industrial  (OTCPK:QIND) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Quality Industrial Effective Interest Rate on Debt % Related Terms

Quality Industrial Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Quality Industrial's Effective Interest Rate on Debt % 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.

Quality Industrial Effective Interest Rate on Debt % Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
0.00 11.11 2.23 16.22

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 822.11 293.45 50.14 8.31 8.81

QIND vs OPTT, AUSI, NSGP: Effective Interest Rate on Debt % Comparison

For the Specialty Industrial Machinery subindustry, Quality Industrial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.

Quality Industrial Effective Interest Rate on Debt % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality Industrial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Quality Industrial's Effective Interest Rate on Debt % falls into.


Quality Industrial Effective Interest Rate on Debt % Calculation

Quality Industrial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -3.872/( (0.295+47.438)/ 2 )
=-1  *  -3.872/23.8665
=16.22 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.295
=0.295

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.175 + 20.263
=47.438

Quality Industrial's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -4.144/( (47.927+46.161)/ 2 )
=-1  *  -4.144/47.044
=8.81 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.375 + 20.552
=47.927

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.413 + 19.748
=46.161

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 8.81% mean?
Quality Industrial (QIND) has a Effective Interest Rate on Debt % of 8.81% as of Jun. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Effective Interest Rate on Debt % too high?
Quality Industrial's current Effective Interest Rate on Debt % is 8.81%.
How does Quality Industrial's Effective Interest Rate on Debt % compare to OPTT and AUSI?
Quality Industrial's Effective Interest Rate on Debt % of 8.81% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Industrial Products company?
A good Effective Interest Rate on Debt % depends on the Industrial Products industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Quality Industrial and its competitors. Quality Industrial's current Effective Interest Rate on Debt % is 8.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Effective Interest Rate on Debt % of 8.81%. The current Effective Interest Rate on Debt % is 8.81%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Quality Industrial (QIND), the current Effective Interest Rate on Debt % is 8.81% as of Jun. 2023. 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.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision-engineered technology for the Industrial, Oil & Gas, and Utility sectors. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.