Qxo (QXO) Interest Expenses (2018 - 2024)
Qxo (QXO) 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) 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 | Msc Industrial Direct | 6.50 Bn | 6.45 Bn | 377.59 Mn | 5.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |