Qualitas (ASX:QAL) Interest Coverage : 3.36 (As of Dec. 2024)

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What is Qualitas Interest Coverage?

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 Dec. 2024 was A$24.4 Mil. Qualitas's Interest Expense for the six months ended in Dec. 2024 was A$-7.3 Mil. Qualitas's interest coverage for the quarter that ended in Dec. 2024 was 3.36. 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: 2.83 Max: No Debt
Current: 3.29

ASX:QAL's Interest Coverage is ranked worse than
80.65% of 460 companies
in the Asset Management industry
Industry Median: 49.575 vs ASX:QAL: 3.29

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 Interest Coverage Historical Data

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.

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Qualitas Interest Coverage Chart

Qualitas Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Interest Coverage

No Debt

2.78

2.49

2.88

Qualitas Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			2.38	2.59	2.57	3.23	3.36

Competitive Comparison of Qualitas's Interest Coverage

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's Interest Coverage Distribution in the 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.

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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. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Qualitas's Interest Expense was A$-20.3 Mil. Its Operating Income was A$58.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$3.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	58.292	/	-20.267
	=	2.88

Qualitas's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Qualitas's Interest Expense was A$-7.3 Mil. Its Operating Income was A$24.4 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	24.367	/	-7.26
	=	3.36

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

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

Thank you for viewing the detailed overview of Qualitas's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Qualitas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Qualitas Ltd (ASX:QAL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Collins Street, Level 38, Melbourne, VIC, AUS, 3000

Website

https://www.qualitas.com.au

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.

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