Qxo (QXO-PB) Interest Expenses (2018 - 2024)

Qxo (QXO-PB) recorded quarterly Interest Expenses of $20060.0 in Q1 2024, down 99.32% quarter-over-quarter from $2.9 million in Q4 2023, and up 16.26% on a YoY basis from $17255.0 in Q2 2023.

Qxo (QXO-PB) Interest Expenses (2018 - 2024) Analysis & Trends

Qxo's Interest Expenses history runs 5 years deep, the most recent figure standing at $20060.0 for Q1 2024.

  • In Q1 2024, Interest Expenses rose 16.26% year-over-year to $20060.0; the TTM figure through Dec 2024 stood at $20060.0 (down 99.66% YoY), while the FY2023 annual figure was $3.0 million, up 3254.27% from the prior year.
  • Interest Expenses was $20060.0 for Q1 2024 at Qxo, down from $2.9 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $3.0 million in Q3 2023 to a low of $7167.0 in Q2 2021.
  • Historically, Interest Expenses has averaged $509202.3 across 4 years, with a median of $19456.0 in 2022.
  • Biggest YoY gain for Interest Expenses was 12877.35% in 2023; the steepest drop was 26.8% in 2023.
  • A 4-year view of Interest Expenses shows it stood at $11243.0 in 2021, then jumped by 101.76% to $22684.0 in 2022, then soared by 12877.35% to $2.9 million in 2023, then slumped by 99.32% to $20060.0 in 2024.
  • The last three Interest Expenses figures came in at $20060.0 (Q1 2024), $2.9 million (Q4 2023), and $3.0 million (Q3 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (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 800,000.00
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 27.00 Mn
9 Pool 7.12 Bn 7.04 Bn 329.87 Mn -
10 Qxo - - 409.30 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2024 20,060.00
Mar 31, 2024 20,060.00
Dec 31, 2023 2.94 Mn
Dec 31, 2023 2.94 Mn
Sep 30, 2023 2.99 Mn
Sep 30, 2023 2.99 Mn
Jun 30, 2023 17,422.00
Jun 30, 2023 17,422.00
Mar 31, 2023 17,255.00
Mar 31, 2023 17,255.00
Dec 31, 2022 22,684.00
Dec 31, 2022 22,684.00
Sep 30, 2022 23,688.00
Sep 30, 2022 23,688.00
Jun 30, 2022 23,800.00
Jun 30, 2022 23,800.00
Mar 31, 2022 18,852.00
Mar 31, 2022 18,852.00
Dec 31, 2021 11,243.00
Dec 31, 2021 11,243.00