Quantum X Labs (QXL) Interest Coverage Ratio (2014 - 2024)
Quantum X Labs (QXL) reported Interest Coverage Ratio of 2.0 for Q2 2024, down 296.48% year-over-year from 1.02 in Q3 2023, and up 67.81% quarter-over-quarter from 6.2 in Q1 2024.
Quantum X Labs (QXL) Interest Coverage Ratio (2014 - 2024) Analysis & Trends
Quantum X Labs (QXL) has 6 years of Interest Coverage Ratio data on file, last reported at 2.0 in Q2 2024.
- Interest Coverage Ratio for Q2 2024 came in at 2.0, down 296.48% year-over-year; the trailing twelve-month figure through Mar 2025 was 0.29 (up 95.66% YoY), and the FY2023 annual result was 5.83, down 411.55% from the prior year.
- Interest Coverage Ratio improved to 2.0 in Q2 2024 per QXL's latest filing, from 6.2 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 16.09 in Q4 2022 and troughed at 10.16 in Q4 2023.
- A 3-year average of 0.49 and a median of 0.12 in 2023 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2023 and 2024: Interest Coverage Ratio fell 1.71% in 2023, then tumbled 1409.81% in 2024.
- A 3-year view of Interest Coverage Ratio shows it stood at 16.09 in 2022, then sank by 163.16% to 10.16 in 2023, then jumped by 80.35% to 2.0 in 2024.
- Business Quant data shows QXL's Interest Coverage Ratio at 2.0 in Q2 2024, 6.2 in Q1 2024, and 10.16 in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 87.92 |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 3.57 |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | -11.46 |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 39.23 |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 120.43 |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 2.15 |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | - |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | - |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | - |
| 10 | Quantum X Labs | 4.17 Mn | 3.55 Mn | -5.68 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -2.00 |
| Mar 31, 2024 | -6.20 |
| Dec 31, 2023 | -10.16 |
| Sep 30, 2023 | -6.35 |
| Jun 30, 2023 | 1.02 |
| Mar 31, 2023 | -0.41 |
| Dec 31, 2022 | 16.09 |
| Sep 30, 2022 | 1.42 |
| Jun 30, 2022 | 1.03 |
| Mar 31, 2022 | 0.65 |
| Jun 30, 2016 | 85.57 |
| Mar 31, 2016 | 245.25 |
| Sep 30, 2015 | -859.58 |
| Jun 30, 2015 | 13.19 |
| Jun 30, 2014 | 21.17 |