Qxo (QXO-PB) Interest Coverage Ratio (2018 - 2024)
Qxo (QXO-PB) recorded quarterly Interest Coverage Ratio of 11.37 in Q1 2024, up 7828.61% quarter-over-quarter from 0.14 in Q4 2023, and down 46.93% on a YoY basis from 21.42 in Q2 2023.
Qxo (QXO-PB) Interest Coverage Ratio (2018 - 2024) Analysis & Trends
Qxo's Interest Coverage Ratio history runs 5 years deep, the most recent figure standing at 11.37 for Q1 2024.
- In Q1 2024, Interest Coverage Ratio fell 46.93% year-over-year to 11.37; the TTM figure through Dec 2024 stood at 3537.99 (down 1610212.9% YoY), while the FY2023 annual figure was 0.44, up 89.86% from the prior year.
- Interest Coverage Ratio was 11.37 for Q1 2024 at Qxo, up from 0.14 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 28.45 in Q2 2021 to a low of 56.73 in Q4 2021.
- Historically, Interest Coverage Ratio has averaged 0.22 across 4 years, with a median of 0.95 in 2022.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio slumped 111.7% in 2022, then jumped 2147.77% in 2023.
- A 4-year view of Interest Coverage Ratio shows it stood at 56.73 in 2021, then soared by 86.88% to 7.44 in 2022, then surged by 101.93% to 0.14 in 2023, then surged by 7828.61% to 11.37 in 2024.
- The last three Interest Coverage Ratio figures came in at 11.37 (Q1 2024), 0.14 (Q4 2023), and 0.86 (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.94 Bn | 62.76 Bn | 1.75 Bn | - |
| 2 | Fastenal | 53.43 Bn | 53.12 Bn | 982.90 Mn | 559.50 |
| 3 | Ferguson Enterprises | 44.77 Bn | 43.95 Bn | 2.32 Bn | - |
| 4 | Wesco International | 16.87 Bn | 16.17 Bn | 1.29 Bn | - |
| 5 | Watsco | 14.40 Bn | 14.26 Bn | 427.56 Mn | - |
| 6 | Qxo | 12.38 Bn | 9.33 Bn | 409.30 Mn | - |
| 7 | Applied Industrial Technologies | 11.89 Bn | 11.72 Bn | 380.80 Mn | - |
| 8 | Core & Main | 9.06 Bn | 8.99 Bn | 520.00 Mn | 6.56 |
| 9 | Pool | 7.12 Bn | 7.04 Bn | 329.87 Mn | - |
| 10 | Qxo | - | - | 409.30 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 11.37 |
| Dec 31, 2023 | 0.14 |
| Sep 30, 2023 | -0.86 |
| Jun 30, 2023 | 26.17 |
| Mar 31, 2023 | 21.42 |
| Dec 31, 2022 | -7.44 |
| Sep 30, 2022 | -4.96 |
| Jun 30, 2022 | -3.33 |
| Mar 31, 2022 | -1.05 |
| Dec 31, 2021 | -56.73 |
| Sep 30, 2021 | -15.81 |
| Jun 30, 2021 | 28.45 |
| Sep 30, 2018 | -4.36 |
| Jun 30, 2018 | 0.78 |
| Mar 31, 2018 | 1.42 |