HireQuest Balance Sheet Health
Financial Health criteria checks 5/6
HireQuest has a total shareholder equity of $62.7M and total debt of $14.8M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $103.8M and $41.1M respectively. HireQuest's EBIT is $11.2M making its interest coverage ratio 13.8. It has cash and short-term investments of $1.3M.
Key information
23.5%
Debt to equity ratio
US$14.77m
Debt
| Interest coverage ratio | 13.8x |
| Cash | US$1.34m |
| Equity | US$62.73m |
| Total liabilities | US$41.09m |
| Total assets | US$103.83m |
Recent financial health updates
HireQuest (NASDAQ:HQI) Seems To Use Debt Rather Sparingly
Jun 08
Is HireQuest (NASDAQ:HQI) A Risky Investment?
Oct 18HireQuest (NASDAQ:HQI) Has A Rock Solid Balance Sheet
Apr 22These 4 Measures Indicate That HireQuest (NASDAQ:HQI) Is Using Debt Safely
Jan 19Recent updates
There May Be Reason For Hope In HireQuest's (NASDAQ:HQI) Disappointing Earnings
Mar 28HireQuest, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 25HireQuest (NASDAQ:HQI) Is Due To Pay A Dividend Of $0.06
Feb 23Returns On Capital At HireQuest (NASDAQ:HQI) Paint A Concerning Picture
Jan 30HireQuest (NASDAQ:HQI) Is Paying Out A Dividend Of $0.06
Aug 28Need To Know: The Consensus Just Cut Its HireQuest, Inc. (NASDAQ:HQI) Estimates For 2023
Aug 18HireQuest (NASDAQ:HQI) Is Reinvesting At Lower Rates Of Return
Aug 12HireQuest (NASDAQ:HQI) Seems To Use Debt Rather Sparingly
Jun 08HireQuest (NASDAQ:HQI) Is Due To Pay A Dividend Of $0.06
May 21HireQuest, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 14Shareholders Are Optimistic That HireQuest (NASDAQ:HQI) Will Multiply In Value
May 12Is There Now An Opportunity In HireQuest, Inc. (NASDAQ:HQI)?
Feb 01There Are Reasons To Feel Uneasy About HireQuest's (NASDAQ:HQI) Returns On Capital
Dec 20HireQuest (NASDAQ:HQI) Has Affirmed Its Dividend Of $0.06
Nov 22Is HireQuest (NASDAQ:HQI) A Risky Investment?
Oct 18HireQuest goes ex-dividend tomorrow
Aug 30Artko Capital - HireQuest: Firing On All Cylinders
Aug 17Is There An Opportunity With HireQuest, Inc.'s (NASDAQ:HQI) 43% Undervaluation?
Aug 15HireQuest (NASDAQ:HQI) Will Pay A Dividend Of US$0.06
May 20Is It Time To Consider Buying HireQuest, Inc. (NASDAQ:HQI)?
May 06HireQuest (NASDAQ:HQI) Has A Rock Solid Balance Sheet
Apr 22HireQuest: A Different Player In Temporary Staffing
Apr 14With EPS Growth And More, HireQuest (NASDAQ:HQI) Is Interesting
Mar 19These 4 Measures Indicate That HireQuest (NASDAQ:HQI) Is Using Debt Safely
Jan 19Optimistic Investors Push HireQuest, Inc. (NASDAQ:HQI) Shares Up 28% But Growth Is Lacking
Nov 16Here's What's Concerning About HireQuest's (NASDAQ:HQI) Returns On Capital
Aug 06Why Dividend Hunters Love HireQuest, Inc. (NASDAQ:HQI)
Apr 15Should You Be Impressed By HireQuest's (NASDAQ:HQI) Returns on Capital?
Mar 04Financial Position Analysis
Short Term Liabilities: HQI's short term assets ($51.5M) exceed its short term liabilities ($35.7M).
Long Term Liabilities: HQI's short term assets ($51.5M) exceed its long term liabilities ($5.4M).
Debt to Equity History and Analysis
Debt Level: HQI's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: HQI's debt to equity ratio has increased from 0% to 23.5% over the past 5 years.
Debt Coverage: HQI's debt is well covered by operating cash flow (71.9%).
Interest Coverage: HQI's interest payments on its debt are well covered by EBIT (13.8x coverage).