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Quality Industrial (Quality Industrial) Debt-to-Equity : 7.37 (As of Jun. 2023)


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What is Quality Industrial Debt-to-Equity?

Quality Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $19.75 Mil. Quality Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $26.41 Mil. Quality Industrial's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $6.27 Mil. Quality Industrial's debt to equity for the quarter that ended in Jun. 2023 was 7.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Quality Industrial's Debt-to-Equity or its related term are showing as below:

QIND' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.74   Med: -0.8   Max: 14.66
Current: 7.37

During the past 4 years, the highest Debt-to-Equity Ratio of Quality Industrial was 14.66. The lowest was -2.74. And the median was -0.80.

QIND's Debt-to-Equity is ranked worse than
99.05% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs QIND: 7.37

Quality Industrial Debt-to-Equity Historical Data

The historical data trend for Quality Industrial's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Quality Industrial Debt-to-Equity Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
- -2.74 -0.80 14.66

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.46 0.27 14.66 11.28 7.37

Competitive Comparison of Quality Industrial's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Quality Industrial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Quality Industrial's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality Industrial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Quality Industrial's Debt-to-Equity falls into.



Quality Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quality Industrial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quality Industrial's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Quality Industrial  (OTCPK:QIND) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Quality Industrial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Quality Industrial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Quality Industrial (Quality Industrial) Business Description

Traded in Other Exchanges
N/A
Address
315 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.
Executives
Terje Aarbogh 10 percent owner 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell officer: Chief Executive Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett officer: Chief Operations Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link director, 10 percent owner 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy officer: Chief Financial Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal director 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer 10 percent owner 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk officer: CEO 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104