Qualitas (ASX:QAL) Interest Coverage: 65.87 (As of Jun. 2026) — 1169% Above Median

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ASX:QAL Qualitas Ltd ASX:QAL
62 GF Score
Price A$2.83
GF Value A$3.23
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Qualitas Interest Coverage?

Qualitas ASX:QAL -3.74% 62 Interest Coverage is 65.87 as of Jun. 2026, which is 1169% above its 10-year median of 5.19. GuruFocus rates ASX:QAL with a GF Score™ of 62/100 and a GF Value™ of A$3.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 472 Asset Management companies, Qualitas ranks better than 52.12% 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. Qualitas's Operating Income for the six months ended in Jun. 2026 was A$30.3 Mil. Qualitas's Interest Expense for the six months ended in Jun. 2026 was A$-0.5 Mil. Qualitas's interest coverage for the quarter that ended in Jun. 2026 was 65.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Qualitas's Interest Coverage or its related term are showing as below:

ASX:QAL' s Interest Coverage Range Over the Past 10 Years
Min: 2.49   Med: 5.19   Max: No Debt
Current: 60.68


ASX:QAL's Interest Coverage is ranked better than
52.12% of 472 companies
in the Asset Management industry
Industry Median: 49.915 vs ASX:QAL: 60.68

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Qualitas  (ASX:QAL) Interest Coverage Explanation

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 .


Qualitas Interest Coverage Related Terms


Qualitas Interest Coverage Historical Data

* Premium members only.

The historical data trend for Qualitas'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.

Qualitas Interest Coverage Chart

Qualitas Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Interest Coverage
Get a 7-Day Free Trial 2.78 2.49 2.88 7.49 60.68

Qualitas Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.23 3.36 77.27 55.81 65.87

ASX:QAL vs BLK, BX, KKR: Interest Coverage Comparison

For the Asset Management subindustry, Qualitas'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.


Qualitas Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Qualitas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Qualitas's Interest Coverage falls into.


ASX:QAL
62GF Score
Qualitas Ltd ASX:QAL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qualitas Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Qualitas's Interest Coverage for the fiscal year that ended in Jun. 2026 is calculated as

Here, for the fiscal year that ended in Jun. 2026, Qualitas's Interest Expense was A$-1.0 Mil. Its Operating Income was A$57.7 Mil. And its Long-Term Debt & Capital Lease Obligation was A$36.0 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2026 )/Interest Expense (A: Jun. 2026 )
=-1*57.707/-0.951
=60.68

Qualitas's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the six months ended in Jun. 2026, Qualitas's Interest Expense was A$-0.5 Mil. Its Operating Income was A$30.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$36.0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*30.302/-0.46
=65.87

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 65.87 mean?
Qualitas (ASX:QAL) has a Interest Coverage of 65.87 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Qualitas and its competitors. This is 1169% above median its historical median of 5.19. Over the past decade, Qualitas' Interest Coverage has ranged from 2.49 to 10,000.00. According to the industry distribution chart, Qualitas ranks #226 out of 472 companies in the Asset Management industry, placing it in the top 47.9%.
Is Qualitas' Interest Coverage too high?
Qualitas' current Interest Coverage of 65.87 is 1169% above median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 10,000.00. The Asset Management industry median Interest Coverage is 49.92. Qualitas' value of 65.87 is 32% above this industry median. Based on the distribution chart, Qualitas ranks #226 out of 472 companies in the Asset Management industry, which is above the industry midpoint. Overall, Qualitas has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, Qualitas ranks #226 out of 472 companies for Interest Coverage. This puts Qualitas in the upper half of its industry. The industry median Interest Coverage is 49.92. Qualitas' value of 65.87 is 32% above this benchmark. Historically, Qualitas' own Interest Coverage has ranged from 2.49 to 10,000.00 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 49.92, Qualitas has consistently been above 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 an Asset Management company?
The median Interest Coverage among Asset Management companies is 49.92, based on 472 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. Qualitas's current Interest Coverage of 65.87 is 32% above 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 Qualitas and its competitors. For the Asset Management industry, the median Interest Coverage is 49.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas's current Interest Coverage is 65.87, which is 1169% above median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.23, compared to a current price of A$2.83 — trading 12.4% below its estimated fair value. The current Interest Coverage is 65.87, which is 1169% above median its 10-year median of 5.19 and 32% above the Asset Management industry median of 49.92. Qualitas' overall GF Score™ is 62/100 with 2 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 Qualitas (ASX:QAL), the current Interest Coverage is 65.87 as of Jun. 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 Qualitas (ASX:QAL) Overvalued in 2026?

Based on GuruFocus' analysis, Qualitas stock appears to be undervalued. The current stock price of A$2.83 is trading 12.4% below its estimated GF Value™ of A$3.23. GuruFocus considers Qualitas to be Modestly Undervalued.

Key valuation signals for ASX:QAL:

  • Interest Coverage: 65.87 (1169% above median its 10-year median of 5.19)
  • GF Value™: A$3.23 vs. price of A$2.83 (12.4% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 32% above the Asset Management median (#226 of 472)

No single metric tells the full story. See the ASX:QAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qualitas Business Description

Address 120 Collins Street, Level 38, Melbourne, VIC, AUS, 3000
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
62GF Score

Get the complete analysis for ASX:QAL

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.83
Price
A$3.23
GF Value