Q2 MetalsQUEXF -4.64%30 Interest Coverage is No Debt (1) as of Feb. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates QUEXF with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 1,313 Metals & Mining companies, Q2 Metals ranks worse than 76161.39% 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. Q2 Metals's
Operating Income
for the
three
months ended in Feb. 2026 was $-4.47 Mil. Q2 Metals's Interest Expense for the
three
months ended in Feb. 2026 was $0.00 Mil.
Q2 Metals has no debt.
The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Q2 Metals's Interest Coverage or its related term are showing as below:
QUEXF's Interest Coverage is not ranked *
in the Metals & Mining industry.
Industry Median: No Debt * Ranked among companies with meaningful Interest Coverage only.
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 .
Q2 Metals Interest Coverage Related Terms
Q2 Metals Interest Coverage Historical Data
* Premium members only.
The historical data trend for Q2 Metals'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.
For the Other Industrial Metals & Mining subindustry, Q2 Metals'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.
Q2 Metals Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Q2 Metals's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Q2 Metals's Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Q2 Metals (QUEXF) has a Interest Coverage of No Debt (1) as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Q2 Metals and its competitors. This is 100% below median its historical median of 10,000.00. According to the industry distribution chart, Q2 Metals ranks #999999 out of 1313 companies in the Metals & Mining industry.
Is Q2 Metals' Interest Coverage too high?
Q2 Metals' current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Based on the distribution chart, Q2 Metals ranks #999999 out of 1313 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Q2 Metals has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Q2 Metals' Interest Coverage compare to competitors?
According to the Metals & Mining industry distribution chart, Q2 Metals ranks #999999 out of 1313 companies for Interest Coverage. This places Q2 Metals in the lower half of its industry. The industry median Interest Coverage is 10,000.00. 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 a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,313 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. 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 Q2 Metals and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Q2 Metals's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Q2 Metals stock overvalued right now?
Q2 Metals (QUEXF) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Q2 Metals' overall GF Score™ is 30/100 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 Q2 Metals (QUEXF), the current Interest Coverage is No Debt (1) as of Feb. 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.
Q2 Metals Corp is a well-capitalized, Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada. The Cisco Project comprises nearly 801 claims, approximately 41,253 hectares, with the main mineralized zone about 6.5 km from the Billy Diamond Highway, which transects the Project. The Town of Matagami, rail head of the Canadian National Railway, is approximately 150 km to the south. The Cisco Project has district-scale potential with an already identified mineralized zone and drill results. Its other projects are the Mia Lithium Project, the Stellar Lithium Project, and the Big Hill Gold Property.
30GF Score
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