Q.E.P. Co (Q.E.P. Co) Interest Coverage

: 6.61 (As of Nov. 2023)

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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. Q.E.P. Co's Operating Income for the three months ended in Nov. 2023 was $2.7 Mil. Q.E.P. Co's Interest Expense for the three months ended in Nov. 2023 was $-0.4 Mil. Q.E.P. Co's interest coverage for the quarter that ended in Nov. 2023 was 6.61. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Q.E.P. Co's Interest Coverage or its related term are showing as below:

QEPC' s Interest Coverage Range Over the Past 10 Years
Min: 1.45 Med: 8.8 Max: 11.38
Current: 1.45

QEPC's Interest Coverage is ranked worse than
92.44% of 2301 companies
in the Industrial Products industry
Industry Median: 13.49 vs QEPC: 1.45

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

Q.E.P. Co Interest Coverage Historical Data

The historical data trend for Q.E.P. Co'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => - [6] => - [7] => 7.45 [8] => 11.20 [9] => 1.57 )

Q.E.P. Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Coverage

7.45

11.20

1.57

Q.E.P. Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Coverage																3.01	-	2.79	4.74	6.61

Competitive Comparison

For the Tools & Accessories subindustry, Q.E.P. Co'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.

Q.E.P. Co Interest Coverage Distribution

For the Industrial Products industry and Industrials sector, Q.E.P. Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Q.E.P. Co's Interest Coverage falls into.

Q.E.P. Co 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.

Q.E.P. Co's Interest Coverage for the fiscal year that ended in Feb. 2023 is calculated as

Here, for the fiscal year that ended in Feb. 2023, Q.E.P. Co's Interest Expense was $-2.5 Mil. Its Operating Income was $3.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $32.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2023 )	/	Interest Expense (A: Feb. 2023 )
	=	-1	*	3.904	/	-2.486
	=	1.57

Q.E.P. Co's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the three months ended in Nov. 2023, Q.E.P. Co's Interest Expense was $-0.4 Mil. Its Operating Income was $2.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	2.65	/	-0.401
	=	6.61

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

Q.E.P. Co (OTCPK:QEPC) 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 .

Q.E.P. Co Interest Coverage Related Terms

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

Q.E.P. Co (Q.E.P. Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Q.E.P. Co Inc (OTCPK:QEPC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, USA, 33487

Website

https://www.qep.com

Q.E.P. Co Inc is a provider of flooring and industrial solutions. The company is a manufacturer, marketer, and distributor of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. It also provides industrial tools to the industrial trades under brand names including QEP, ROBERTS, Capitol, Harris Wood, Fausfloor, Vitrex, Homelux, TileRite, PRCI, Nupla, HISCO, Plasplugs, Ludell, Porta-Nails, Tomecanic, Benetiere, and Elastiment. The company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in an approx 50 states and throughout the world.

Executives

Lawrence P Levine	officer: SVP and General Counsel	1001 BROKEN SOUND PARKWAY NW, SUITE A, BOCA RATON FL 33487
Robert G Walters	director	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
Kenneth Weiss	officer: SVP Commercial Sales	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
David L Kreilein	director	2930 INDUSTRIEAL ST, WISCONSIN RAPIDS WI 54495-8020
Muir Robert W Jr	director
Laura M Holm	director	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
James Brower	officer: Chief Operating Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Jamie Clingan	officer: Vice President Marketing	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Bruce Maclaren	officer: Chief Executive Officer Europe	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
S Scott Fitzpatrick	officer: Chief Accounting Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Stuart F Fleischer	officer: Chief Financial Officer
Randall Paulfus	officer: Interim CFO	C/O PC UNIVERSE, INC., 504 NW 77TH STREET, BOCA RATON FL 33487
Richard A Brooke	officer: Senior Vice President	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, BOCA RATON FL 33487
Eric Demaree	officer: EVP, Sales	C/O Q.E.P. CO., INC., 1081 HOLLAND DRIVE, BOCA RATON FL 33487
Susan J Gould	10 percent owner