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QleanAir AB (OSTO:QAIR) Interest Coverage : 1.62 (As of Mar. 2025)


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What is QleanAir AB 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. QleanAir AB's Operating Income for the three months ended in Mar. 2025 was kr8.4 Mil. QleanAir AB's Interest Expense for the three months ended in Mar. 2025 was kr-5.2 Mil. QleanAir AB's interest coverage for the quarter that ended in Mar. 2025 was 1.62. The higher the ratio, the stronger the company's financial strength is.

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

OSTO:QAIR' s Interest Coverage Range Over the Past 10 Years
Min: 0.42   Med: 2.51   Max: 8.73
Current: 0.42


OSTO:QAIR's Interest Coverage is ranked worse than
98.25% of 2282 companies
in the Industrial Products industry
Industry Median: 15.66 vs OSTO:QAIR: 0.42

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


QleanAir AB Interest Coverage Historical Data

The historical data trend for QleanAir AB'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.

* Premium members only.

QleanAir AB Interest Coverage Chart

QleanAir AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 8.05 8.73 2.51 3.58 0.71

QleanAir AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.12 0.36 0.45 - 1.62

Competitive Comparison of QleanAir AB's Interest Coverage

For the Pollution & Treatment Controls subindustry, QleanAir AB'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.


QleanAir AB's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, QleanAir AB's Interest Coverage distribution charts can be found below:

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


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QleanAir AB 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.

QleanAir AB's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, QleanAir AB's Interest Expense was kr-16.9 Mil. Its Operating Income was kr12.0 Mil. And its Long-Term Debt & Capital Lease Obligation was kr13.9 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*11.976/-16.893
=0.71

QleanAir AB's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, QleanAir AB's Interest Expense was kr-5.2 Mil. Its Operating Income was kr8.4 Mil. And its Long-Term Debt & Capital Lease Obligation was kr96.9 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*8.379/-5.178
=1.62

* 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.


QleanAir AB  (OSTO:QAIR) 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 .


QleanAir AB Interest Coverage Related Terms

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


QleanAir AB Business Description

Traded in Other Exchanges
Address
Torggatan 13, Box 1178, Solna, SWE, SE-171 23
QleanAir AB is a provider of air cleaning solutions for indoor environments. Its solutions are used to protect people, processes, and products from harmful particles and gases, which are captured and filtered through its products. It conducts its business in EMEA, APAC, and America. It generates revenues from the sale of its products such as Cabin Solutions, Air Cleaners, and Cleanrooms.

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