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Hitek Global (Hitek Global) Debt-to-Equity : 0.09 (As of Dec. 2023)


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What is Hitek Global Debt-to-Equity?

Hitek Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.50 Mil. Hitek Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.11 Mil. Hitek Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $28.34 Mil. Hitek Global's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Hitek Global's Debt-to-Equity or its related term are showing as below:

HKIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.15   Max: 0.2
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Hitek Global was 0.20. The lowest was 0.09. And the median was 0.15.

HKIT's Debt-to-Equity is ranked better than
67.33% of 2225 companies
in the Software industry
Industry Median: 0.21 vs HKIT: 0.09

Hitek Global Debt-to-Equity Historical Data

The historical data trend for Hitek Global'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.

Hitek Global Debt-to-Equity Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial - - - 0.20 0.09

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.23 0.20 0.10 0.09

Competitive Comparison of Hitek Global's Debt-to-Equity

For the Software - Application subindustry, Hitek Global'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.

Hitek Global's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Hitek Global's Debt-to-Equity distribution charts can be found below:

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


Hitek Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hitek Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.496 + 2.114) / 28.338
=0.09

Hitek Global's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(0.496 + 2.114) / 28.338
=0.09

* 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.

Hitek Global  (NAS:HKIT) 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.

Hitek Global Debt-to-Equity Related Terms

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

Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Debt-to-Equity
Comparable Companies
SSNT EBZT INLX NOWG WBSR BMR MTBL TSRI CXAI PALT CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.