Quest Resource Holding (Quest Resource Holding) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Quest Resource Holding 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. Quest Resource Holding's Operating Income for the three months ended in Dec. 2023 was $-0.3 Mil. Quest Resource Holding's Interest Expense for the three months ended in Dec. 2023 was $-2.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

QRHC' s Interest Coverage Range Over the Past 10 Years
Min: 0.19 Med: 1.07 Max: 1.81
Current: 0.29

QRHC's Interest Coverage is ranked worse than
95.91% of 171 companies
in the Waste Management industry
Industry Median: 5.33 vs QRHC: 0.29

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

Quest Resource Holding Interest Coverage Historical Data

The historical data trend for Quest Resource Holding'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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Quest Resource Holding Interest Coverage Chart

Quest Resource Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.38

1.07

1.81

0.19

0.29

Quest Resource Holding 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															-	0.32	0.72	0.19	-

Competitive Comparison of Quest Resource Holding's Interest Coverage

For the Waste Management subindustry, Quest Resource Holding'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.

Quest Resource Holding's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Quest Resource Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Quest Resource Holding's Interest Coverage falls into.

Quest Resource Holding 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.

Quest Resource Holding's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Quest Resource Holding's Interest Expense was $-9.7 Mil. Its Operating Income was $2.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $65.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2.825	/	-9.729
	=	0.29

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

Here, for the three months ended in Dec. 2023, Quest Resource Holding's Interest Expense was $-2.3 Mil. Its Operating Income was $-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $65.9 Mil.

Quest Resource Holding did not have earnings to cover the interest expense.

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

Quest Resource Holding (NAS:QRHC) 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 .

Quest Resource Holding Interest Coverage Related Terms

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

Quest Resource Holding (Quest Resource Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quest Resource Holding Corp (NAS:QRHC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

5ZK:Germany

Address

3481 Plano Parkway, Suite 100, The Colony, TX, USA, 75056

Website

https://investors.qrhc.com

Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from big box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.

Executives

Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
David P Sweitzer	officer: EVP and COO	3481 PLANO PARKWAY, THE COLONY TX 75056
Brett Wade Johnston	officer: Sr. VP of Finance and CFO	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
S. Ray Hatch	director, officer: President and CEO	3481 PLANO PARKWAY, THE COLONY TX 75056
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Miller Ronald L. Jr.	director	C/O INFINITY RESOURCES HOLDINGS CORP., 1375 NORTH SCOTTSDALE ROAD, SUITE 140, SCOTTSDALE AZ 85257
Alan D. Allred	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Laurie L Latham	officer: Senior VP and CFO	C/O VIEWCAST COM, 2665 VILLA CREEK DRIVE, DALLAS TX 75234
Daniel M. Friedberg	director, 10 percent owner	C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830
Barry M Kitt	10 percent owner
Glenn Culpepper	director	6363 S FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Stephen Coskery	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Joshua Landes	10 percent owner
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner