HS GovTech Solutions (XCNQ:HS) Debt-to-Equity : N/A (As of Jun. 2023)

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What is HS GovTech Solutions Debt-to-Equity?

HS GovTech Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. HS GovTech Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. HS GovTech Solutions's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$0.00 Mil.

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 HS GovTech Solutions's Debt-to-Equity or its related term are showing as below:

XCNQ:HS' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.78 Med: 0.4 Max: 5.52
Current: 0.33

During the past 9 years, the highest Debt-to-Equity Ratio of HS GovTech Solutions was 5.52. The lowest was -6.78. And the median was 0.40.

XCNQ:HS's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs XCNQ:HS: 0.33

HS GovTech Solutions Debt-to-Equity Historical Data

The historical data trend for HS GovTech Solutions'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.

HS GovTech Solutions Debt-to-Equity Chart

HS GovTech Solutions Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

Debt-to-Equity

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0.19

0.41

0.30

0.01

0.42

HS GovTech Solutions Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.42	0.33	N/A

Competitive Comparison of HS GovTech Solutions's Debt-to-Equity

For the Health Information Services subindustry, HS GovTech Solutions'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.

HS GovTech Solutions's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HS GovTech Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HS GovTech Solutions's Debt-to-Equity falls into.

HS GovTech Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HS GovTech Solutions'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
	=	(0.234	+	1.732)	/	4.632
	=	0.42

HS GovTech Solutions's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	N/A

HS GovTech Solutions (XCNQ:HS) 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.

HS GovTech Solutions Debt-to-Equity Related Terms

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

HS GovTech Solutions (XCNQ:HS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HS GovTech Solutions Inc (XCNQ:HS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.hsgovtech.com

HS GovTech Solutions Inc is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. The solutions offered by the company include Environmental Health, Code Enforcement, Fire & Safety, Virtual Inspections, Payment Processing, Mobile Inspections, and Citizen Portal. The Company operates in one industry segment within two geographical areas: Canada and the United States of America.

HS GovTech Solutions (XCNQ:HS) Headlines

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