Qxo (QXO) Interest Expenses (2021 - 2024)
Qxo (QXO) recorded Interest Expenses of $20,060 in Q1 2024, up 16.3% from $17,255 a year earlier and up 50.4% from the prior quarter.
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Analysis
Qxo (QXO) Interest Expenses (2021 - 2024) Analysis & Trends
On a TTM basis, Qxo's Interest Expenses came in at $58,471 as of Mar 31, 2024, down 33.1% year-over-year; for FY2023, it was $55,666, down 37.5% from FY2022.
- Across earlier years, Interest Expenses came in at $89,024 in FY2022 (+90.2%) and $46,802 in FY2021.
- The Q1 2024 figure is the highest quarterly Interest Expenses since Q4 2022.
- On a year-over-year basis, Interest Expenses rose in four of the last eight quarters, with growth averaging 29.4%.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 232.1% in Q2 2022, against a decline of 67.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $13,342 (Q4 2023), $7,647 (Q3 2023) and $17,422 (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.68 Bn | 56.66 Bn | 1.98 Bn | - |
| 2 | Fastenal | 56.84 Bn | 55.76 Bn | 1.06 Bn | 1.20 Mn |
| 3 | Ferguson Enterprises | 43.23 Bn | 40.45 Bn | 2.32 Bn | - |
| 4 | Sunbelt Rentals Holdings | 30.01 Bn | 29.89 Bn | 1.25 Bn | - |
| 5 | Reliance | 19.64 Bn | 18.69 Bn | 1.30 Bn | 18.20 Mn |
| 6 | Wesco International | 17.52 Bn | 14.83 Bn | 1.46 Bn | - |
| 7 | Applied Industrial Technologies | 12.22 Bn | 12.09 Bn | 411.22 Mn | - |
| 8 | Watsco | 10.77 Bn | 8.93 Bn | 578.93 Mn | - |
| 9 | Avantor | 10.19 Bn | 8.98 Bn | 537.00 Mn | 39.40 Mn |
| 10 | Qxo | 2.38 Bn | -8.10 Bn | 803.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 20,060.00 |
| Dec 31, 2023 | 13,342.00 |
| Sep 30, 2023 | 7,647.00 |
| Jun 30, 2023 | 17,422.00 |
| Mar 31, 2023 | 17,255.00 |
| Dec 31, 2022 | 22,684.00 |
| Sep 30, 2022 | 23,688.00 |
| Jun 30, 2022 | 23,800.00 |
| Mar 31, 2022 | 18,852.00 |
| Dec 31, 2021 | 11,243.00 |
| Sep 30, 2021 | 18,367.00 |
| Jun 30, 2021 | 7,167.00 |
API Access
Qxo Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=QXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "QXO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=QXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();