QIFTF (Quorum Information Technologies) Interest Expense : $-1.11 Mil (TTM As of Sep. 2024)

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What is Quorum Information Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quorum Information Technologies's interest expense for the three months ended in Sep. 2024 was $ -0.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.11 Mil.

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. Quorum Information Technologies's Operating Income for the three months ended in Sep. 2024 was $ 0.84 Mil. Quorum Information Technologies's Interest Expense for the three months ended in Sep. 2024 was $ -0.25 Mil. Quorum Information Technologies's Interest Coverage for the quarter that ended in Sep. 2024 was 3.37. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Quorum Information Technologies Interest Expense Historical Data

The historical data trend for Quorum Information Technologies's Interest Expense 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.

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Quorum Information Technologies Interest Expense Chart

Quorum Information Technologies Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.01

-1.17

-1.21

-1.16

-1.17

Quorum Information Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.32	-0.30	-0.22	-0.34	-0.25

Quorum Information Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.11 Mil.

Quorum Information Technologies (OTCPK:QIFTF) Interest Expense Explanation

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

Quorum Information Technologies's Interest Expense for the three months ended in Sep. 2024 was $-0.25 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $5.35 Mil.

Quorum Information Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	0.838	/	-0.249
	=	3.37

The higher the ratio, the stronger the company's financial strength is.

Quorum Information Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quorum Information Technologies Inc (OTCPK:QIFTF) » Definitions » Interest Expense

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QIS:Canada

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company operates in three segments, Software as a saas, business development centre, and service and one-time. Its geographical segments are Canada and the United States.