HireQuest (HireQuest) Interest Expense : $-1.39 Mil (TTM As of Dec. 2023)

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What is HireQuest Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HireQuest's interest expense for the three months ended in Dec. 2023 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.39 Mil.

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. HireQuest's Operating Income for the three months ended in Dec. 2023 was $ 2.44 Mil. HireQuest's Interest Expense for the three months ended in Dec. 2023 was $ -0.23 Mil. HireQuest's Interest Coverage for the quarter that ended in Dec. 2023 was 10.58. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HireQuest Interest Expense Historical Data

The historical data trend for HireQuest's Interest Expense 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.

HireQuest Interest Expense Chart

HireQuest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.56

-0.05

-0.16

-0.37

-1.39

HireQuest Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.54	-0.31	-0.30	-0.23

HireQuest Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.39 Mil.

HireQuest (NAS:HQI) Interest Expense Explanation

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

HireQuest's Interest Expense for the three months ended in Dec. 2023 was $-0.23 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.13 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.443	/	-0.231
	=	10.58

The higher the ratio, the stronger the company's financial strength is.

HireQuest (HireQuest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HireQuest Inc (NAS:HQI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

111 Springhall Drive, Goose Creek, SC, USA, 29445

Website

https://www.hirequest.com

HireQuest Inc is a nationwide franchisor of offices providing direct-dispatch, executive search, and commercial staffing solutions in the light industrial and blue-collar segments of the staffing industry and traditional commercial staffing. The company's franchisees provide various types of temporary personnel through two business models operating under the trade names HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI. The primary source of revenue for the company is royalty fees based on the operation of its franchised offices.

Executives

Lawrence F Hagenbuch	director	600 CORPORATION DRIVE, PENDLETON IN 46064
R. Rimmy Malhotra	director	C/O COMMAND CENTER, INC., 3609 S WADSWORTH BLVD., SUITE 250, LAKEWOOD CO 80235
Kathleen M Shanahan	director	24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Jack A. Olmstead	director	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Edward Jackson	director, 10 percent owner	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Richard Hermanns	director, 10 percent owner, officer: President and CEO	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
David S. Burnett	officer: CFO	C/O INTERLINK ELECTRONICS, INC., 31248 OAK CREST DRIVE, SUITE 110, WESTLAKE VILLAGE CA 91361
Richard F & Lisa S Hermanns Dynasty Trust Dated July 16, 2008	10 percent owner	240 S PINEAPPLE AVENUE, 10TH FLOOR, SARASOTA FL 34236
Jd Smith	director	13506 SUMMERPORT VILLAGE PARKWAY #160, WINDERMERE FL 34786
John Mcannar	officer: Secretary, VP and GC	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Smith Cory	officer: CFO and Treasurer	360 S. MONROE STREET, APT. 707, DENVER CO 80209
Payne Brown	director	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Brendan Simaytis	officer: Executive VP & General Counsel	COMMAND CENTER, INC., 3609 S. WADSWORTH BLVD., SUITE 250, LAKEWOOD CO 80235
Steven Mark Bathgate	director	5350 S ROSLYN, SUITE 380, ENGLEWOOD CO 80111
Galen G Vetter	director	500 EAST GRANT STREET, #2011, MINNEAPOLIS MN 55404