Qualstar (Qualstar) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Qualstar Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Qualstar's Operating Income for the three months ended in Sep. 2023 was $0.16 Mil. Qualstar's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Qualstar has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Qualstar Corp has enough cash to cover all of its debt. Its financial situation is stable.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Qualstar's Interest Coverage or its related term are showing as below:

QBAK' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

QBAK's Interest Coverage is ranked better than
99.57% of 2302 companies
in the Industrial Products industry
Industry Median: 13.755 vs QBAK: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Qualstar Interest Coverage Historical Data

The historical data trend for Qualstar's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Qualstar Interest Coverage Chart

Qualstar Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Interest Coverage

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No Debt

N/A

Qualstar Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep22	Sep23
Interest Coverage	Get a 7-Day Free Trial															N/A	N/A	N/A	No Debt	No Debt

Competitive Comparison of Qualstar's Interest Coverage

For the Electrical Equipment & Parts subindustry, Qualstar's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Qualstar's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qualstar's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Qualstar's Interest Coverage falls into.

Qualstar Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Qualstar's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Qualstar's Interest Expense was $0.00 Mil. Its Operating Income was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.45 Mil.

GuruFocus does not calculate Qualstar's interest coverage with the available data.

Qualstar's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Qualstar's Interest Expense was $0.00 Mil. Its Operating Income was $0.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Qualstar had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Qualstar (OTCPK:QBAK) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Qualstar Interest Coverage Related Terms

Thank you for viewing the detailed overview of Qualstar's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Qualstar (Qualstar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qualstar Corp (OTCPK:QBAK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jenner, Suite 200, Irvine, CA, USA, 92618

Website

https://www.qualstar.com

Qualstar Corp is a U.S based provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The company's segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data in network computing environments. It has its geographic presence in North America, Europe.

Executives

Joy C. Hou	director	C/O QUALSTAR CORPORATION, 1267 FLYNN ROAD, CAMARILLO CA 93012
Steven N Bronson	director, 10 percent owner, officer: Chief Executive Officer
William J Gervais	10 percent owner	1925 ANGUS AVENUE, UNIT B, SIMI VALLEY CA 93063
Leonard Hagan	director	650 THOMAS AVENUE, BALDWIN NY 11510
Bkf Capital Group Inc	10 percent owner	1 JENNER, SUITE 200, IRVINE CA 92618
Bkf Asset Holdings, Inc.	10 percent owner	3990-B HERITAGE OAK COURT, SIMI VALLEY CA 93063
David John Wolenski	director	5328 W. BURGUNDY PL., LITTLETON CO 80123
Nicholas Yarymovych	director	1716 ADDISON ROAD, PALOS VERDES ESTATES CA 90274
Louann Negrete	officer: Chief Financial Officer	31248 OAK CREST DR. SUITE 120, WESTLAKE VILLAGE CA 91361
Miller Lloyd I Iii	10 percent owner
Sean Michael Leder	director	31248 OAK CREST DRIVE, SUITE 120, WEST LAKE VILLAGE CA 91361
Jan Daniel Ko Chieh	officer: Executive Vice President	4401 MAR ESCARPA, SAN CLEMENTE CA 92673
William J Lurie	officer: VP Engineering	3990-B HERITAGE OAK CT., SIMI VALLEY CA 93063
Dale Edward Wallis	director	2221 SW 118TH STREET, OKLAHOMA CITY OK 73170
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081