Hero Technologies (Hero Technologies) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Hero Technologies Debt-to-Equity?

Hero Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Hero Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Hero Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.04 Mil. Hero Technologies's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hero Technologies's Debt-to-Equity or its related term are showing as below:

HENC' s Debt-to-Equity Range Over the Past 10 Years
Min: -20 Med: 0.18 Max: 3.7
Current: 16.48

During the past 13 years, the highest Debt-to-Equity Ratio of Hero Technologies was 3.70. The lowest was -20.00. And the median was 0.18.

HENC's Debt-to-Equity is ranked worse than
99.41% of 849 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs HENC: 16.48

Hero Technologies Debt-to-Equity Historical Data

The historical data trend for Hero Technologies's Debt-to-Equity 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.

Hero Technologies Debt-to-Equity Chart

Hero Technologies Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

Debt-to-Equity

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0.16

0.19

-1.30

2.18

-10.21

Hero Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Mar18	Jun18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-20.00	-10.21	-7.55	-	-

Competitive Comparison of Hero Technologies's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Hero Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Hero Technologies's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hero Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hero Technologies's Debt-to-Equity falls into.

Hero Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hero Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.725	+	0)	/	-0.071
	=	-10.21

Hero Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.044
	=	0.00

Hero Technologies (OTCPK:HENC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hero Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hero Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hero Technologies (Hero Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hero Technologies Inc (OTCPK:HENC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 4000, Dover, DE, USA, 19901

Website

https://www.herotechnologiesinc.com

Hero Technologies Inc is a cannabis company with a vertically integrated business model and plan that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations, and dispensaries. It focuses on two principal segments of the cannabis industry, cultivation, and the dispensary business model, including combinations.

Executives

Gina L. Serkasevich	officer: CFO and Treasurer	310 COMMONS TRAIL LANE, HUFFMAN TX 77336
Keith Elliott Macdonald	director	203 HERITAGE PLAVE, CALGARY A0 T3Z 3P3
K James Ebeling	director	3726 WICKERSHAM LANE, HOUSTON TX 77027
James Douglas Brown	director, 10 percent owner, officer: Secretary	11200 WESTHEIMER, SUITE 200, HOUSTON TX 77042
Holloman Value Holdings, Llc	10 percent owner	333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060
Robert Wesolek	officer: Chief Financial Officer
Mark E. Stevenson	director, officer: Secretary	8225 SAN DIEGO ST., ODESSA TX 79765
Eric C Prim	director	4901 POLO PARKWAY, MIDLAND TX 79705
Grant M Petersen	officer: Chief Executive Officer	1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9
Holloman Corp	other: Affiliate	5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769
Holloman Oil & Gas Ltd.	10 percent owner	88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011
David R Lewis	director	11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206