Radiant Logistics (Radiant Logistics) Interest Coverage : 5.02 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Radiant Logistics 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. Radiant Logistics's Operating Income for the three months ended in Dec. 2023 was $1.5 Mil. Radiant Logistics's Interest Expense for the three months ended in Dec. 2023 was $-0.3 Mil. Radiant Logistics's interest coverage for the quarter that ended in Dec. 2023 was 5.02. The higher the ratio, the stronger the company's financial strength is.

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

RLGT' s Interest Coverage Range Over the Past 10 Years
Min: 0.88 Med: 6.89 Max: 18.48
Current: 6.07

RLGT's Interest Coverage is ranked better than
52.93% of 818 companies
in the Transportation industry
Industry Median: 5.605 vs RLGT: 6.07

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

Radiant Logistics Interest Coverage Historical Data

The historical data trend for Radiant Logistics'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.

* Premium members only.

Radiant Logistics Interest Coverage Chart

Radiant Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

Get a 7-Day Free Trial

7.78

6.67

11.99

18.48

8.39

Radiant Logistics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															9.83	8.14	3.44	11.31	5.02

Competitive Comparison of Radiant Logistics's Interest Coverage

For the Integrated Freight & Logistics subindustry, Radiant Logistics'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.

Radiant Logistics's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Radiant Logistics's Interest Coverage distribution charts can be found below:

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

Radiant Logistics 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.

Radiant Logistics's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Radiant Logistics's Interest Expense was $-3.3 Mil. Its Operating Income was $27.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $53.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	27.475	/	-3.273
	=	8.39

Radiant Logistics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Radiant Logistics's Interest Expense was $-0.3 Mil. Its Operating Income was $1.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $46.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.46	/	-0.291
	=	5.02

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

Radiant Logistics (AMEX:RLGT) 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 .

Radiant Logistics Interest Coverage Related Terms

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

Radiant Logistics (Radiant Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Radiant Logistics Inc (AMEX:RLGT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3GT:Germany

Address

Triton Tower Two, 700 S Renton Village Place, Seventh Floor, Renton, WA, USA, 98057

Website

https://www.radiantdelivers.com

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.

Executives

Arnold Goldstein	officer: Chief Commercial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Smith Kristin Elisabeth Toth	director	700 S. RENTON VILLAGE PLACE, TRITON TOWERS TWO, SEVENTH FLOOR, RENTON WA 98057
Todd Macomber	officer: Chief Accounting Officer	4313 107TH PLACE NE, KIRKLAND WA 98033
E Joseph Bento	officer: COO, Radiant Global Logistics	15350 VICKERY DR, HOUSTON TX 77032
John Sobba	officer: General Counsel	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Bohn H Crain	director, 10 percent owner, officer: Chief Executive Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Michael E Gould	director	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen P Harrington	director	111 PRESIDENTIAL BOULEVARD, SUITE 158 A, BALA CYNWYD PA 19004
Hines Robert L. Jr.	officer: SVP/General Counsel/Secretary	C/O RADIANT LOGISTICS, INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Richard P Palmieri	director	C/O RADIANT LOGISTICS INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Peter C Jamieson	officer: SVP Country Manager Canada	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE NJ 98004
Tim Boyce	officer: COO Rail and Truck Brokerage	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Jack P Edwards	director	24624 SE OLD BLACK NUGGET ROAD, ISSAQUAH WA 98029
Alesia Lee Pinney	officer: General Counsel/Secretary	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Douglas Tabor	10 percent owner	401 N. CARROLL #194, SOUTHLAKE TX 76092