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Hurco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3.9 Mil. Hurco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $8.5 Mil. Hurco's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $224.6 Mil. Hurco's debt to equity for the quarter that ended in Jan. 2024 was 0.06.
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 Hurco's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Hurco was 0.06. The lowest was 0.01. And the median was 0.02.
The historical data trend for Hurco'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.
Hurco Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | - | 0.05 | 0.05 | 0.04 | 0.05 |
Hurco Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 |
For the Specialty Industrial Machinery subindustry, Hurco'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.
For the Industrial Products industry and Industrials sector, Hurco's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hurco's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Hurco's Debt to Equity Ratio for the fiscal year that ended in Oct. 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 | |
= | (3.712 | + | 7.606) | / | 222.231 | |
= | 0.05 |
Hurco's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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 | |
= | (3.878 | + | 8.501) | / | 224.557 | |
= | 0.06 |
* 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.
Hurco (NAS:HURC) 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.
Thank you for viewing the detailed overview of Hurco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Doar | director, officer: Chairman & CEO | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Jonathon D. Wright | officer: General Counsel/Corp Secretary | ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC>, INDIANAPOLIS IN 46268 |
Richard R. Porter | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Haiquynh Jamison | officer: Corporate Controller | ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC., INDIANAPOLIS IN 46268 |
Gregory S Volovic | officer: EVP-Technology and Operations | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Sonja K Mcclelland | officer: Chief Financial Officer | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Polar Asset Management Partners Inc. | 10 percent owner | 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
Thomas A. Aaro | director | C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Timothy J Gardner | director | 3600 WEST LAKE AVENUE, GLENVIEW IL 60026 |
Robert W Cruickshank | director | |
Cynthia S Dubin | director | 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305 |
Janaki Sivanesan | director | 575 MADISON AVENUE, NEW YORK NY 10022 |
Jay C. Longbottom | director | C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Andrew Sheeley Niner | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Ronald G. Strackbein | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
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