GURUFOCUS.COM » STOCK LIST » USA » NAS » Quest Resource Holding Corp (NAS:QRHC) » Definitions » Altman Z-Score
Switch to:

Quest Resource Holding Altman Z-Score

: 0.91 (As of Today)
View and export this data going back to 2009. Start your Free Trial

Warning Sign:

Altman Z-score of 0.91 is in distress zone. This implies bankruptcy possibility in the next two years.

Quest Resource Holding has a Altman Z-Score of 0.91, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Quest Resource Holding's Altman Z-Score or its related term are showing as below:

QRHC' s Altman Z-Score Range Over the Past 10 Years
Min: -124.67   Med: 1.09   Max: 118.27
Current: 0.91

During the past 13 years, Quest Resource Holding's highest Altman Z-Score was 118.27. The lowest was -124.67. And the median was 1.09.


Quest Resource Holding Altman Z-Score Historical Data

The historical data trend for Quest Resource Holding's Altman Z-Score 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.

Quest Resource Holding Annual Data
Trend Jun12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.14 0.66 0.53 1.06

Quest Resource Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.82 1.93 1.06 1.05

Competitive Comparison

For the Waste Management subindustry, Quest Resource Holding's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score Distribution

For the Waste Management industry and Industrials sector, Quest Resource Holding's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Quest Resource Holding's Altman Z-Score falls into.



Quest Resource Holding Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Quest Resource Holding's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0708+1.4*-0.5411+3.3*0.0125+0.6*0.8102+1.0*1.0513
=0.91

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2022:
Total Assets was $182.8 Mil.
Total Current Assets was $56.5 Mil.
Total Current Liabilities was $43.6 Mil.
Retained Earnings was $-98.9 Mil.
Pre-Tax Income was -2.017 + -0.482 + 0.494 + 0.792 = $-1.2 Mil.
Interest Expense was -1.557 + -0.841 + -0.543 + -0.55 = $-3.5 Mil.
Revenue was 71.522 + 46.389 + 37.367 + 36.858 = $192.1 Mil.
Market Cap (Today) was $90.0 Mil.
Total Liabilities was $111.1 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(56.492 - 43.552)/182.768
=0.0708

X2=Retained Earnings/Total Assets
=-98.893/182.768
=-0.5411

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.213 - -3.491)/182.768
=0.0125

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=89.981/111.066
=0.8102

X5=Revenue/Total Assets
=192.136/182.768
=1.0513

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Quest Resource Holding has a Altman Z-Score of 0.91 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Quest Resource Holding  (NAS:QRHC) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Quest Resource Holding Altman Z-Score Related Terms

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


Quest Resource Holding Business Description

Quest Resource Holding logo
Traded in Other Exchanges
Address
3481 Plano Parkway, The Colony, TX, USA, 75056
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
Culpepper Glenn director 6363 S FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Allred Alan D. officer: See Remarks C/O QUEST RESOURCE HOLDING CORPORATION 3481 PLANO PARKWAY THE COLONY TX 75056
Coskery Stephen officer: See Remarks C/O QUEST RESOURCE HOLDING CORPORATION 3481 PLANO PARKWAY THE COLONY TX 75056
Wynnefield Partners Small Cap Value Lp 10 percent owner 450 SEVENTH AVENUE SUITE 509 NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd 10 percent owner 450 SEVENTH AVE STE 509 NEW YORK NY 10123
Wynnefield Capital Inc 10 percent owner 450 SEVENTH AVE STE 509 NEW YORK NY 10123
Landes Joshua 10 percent owner
Kitt Barry M 10 percent owner
Obus Nelson 10 percent owner
Wynnefield Capital Management Llc 10 percent owner 450 SEVENTH AVE STE 509 NEW YORK NY 10123
Wynnefield Capital, Inc. Profit Sharing Plan 10 percent owner 450 SEVENTH AVENUE SUITE 509 NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I 10 percent owner 450 SEVENTH AVENUE SUITE 509 NEW YORK NY 10123
Wadecki Isabell Marie director
Knittel Russell J director C/O SYNAPTICS INCORP 1251 MCKAY DRIVE SAN JOSE CA 95131
Golden Michael F director 2100 ROOSEVELT AVENUE SPRINGFIELD MA 01104

Quest Resource Holding Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)