QIND (Quality Industrial) Interest Expense: $-5.49 Mil (TTM As of Jun. 2023)


What is Quality Industrial Interest Expense?

Quality Industrial QIND Interest Expense is $-5.49 Mil as of Jun. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quality Industrial's interest expense for the three months ended in Jun. 2023 was $ -1.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-5.49 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. Quality Industrial's Operating Income for the three months ended in Jun. 2023 was $ 4.61 Mil. Quality Industrial's Interest Expense for the three months ended in Jun. 2023 was $ -1.04 Mil. Quality Industrial's Interest Coverage for the quarter that ended in Jun. 2023 was 4.45. 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.

Quality Industrial  (OTCPK:QIND) Interest Expense Explanation

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. The higher, the better.

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

Quality Industrial's Interest Expense for the three months ended in Jun. 2023 was $-1.04 Mil. Its Operating Income for the three months ended in Jun. 2023 was $4.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $26.41 Mil.

Quality Industrial's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*4.61/-1.036
=4.45

* 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.

Quality Industrial Interest Expense Historical Data

* Premium members only.

The historical data trend for Quality Industrial'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.

Quality Industrial Interest Expense Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Interest Expense
0.00 -0.01 -0.00 -3.87

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Interest Expense 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 -0.41 -0.42 -3.04 -0.99 -1.04

Quality Industrial 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.49 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-5.49 Mil mean?
Quality Industrial (QIND) has a Interest Expense of $-5.49 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Interest Expense too high?
Quality Industrial's current Interest Expense is $-5.49 Mil.
How does Quality Industrial's Interest Expense compare to OPTT and AUSI?
Quality Industrial's Interest Expense of $-5.49 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Industrial Products company?
A good Interest Expense depends on the Industrial Products industry context. However, Interest Expense 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 Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Quality Industrial and its competitors. Quality Industrial's current Interest Expense is $-5.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Interest Expense of $-5.49 Mil. The current Interest Expense is $-5.49 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Quality Industrial (QIND), the current Interest Expense is $-5.49 Mil as of Jun. 2023. 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.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision-engineered technology for the Industrial, Oil & Gas, and Utility sectors. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.