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Hitek Global (Hitek Global) Debt-to-Revenue : 0.81 (As of Dec. 2023)


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What is Hitek Global Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Dec. 2023 was $3.23 Mil. Hitek Global's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Hitek Global Debt-to-Revenue Historical Data

The historical data trend for Hitek Global's Debt-to-Revenue 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.

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Hitek Global Debt-to-Revenue Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial - - - 0.42 0.57

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.52 0.38 0.43 0.81

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

For the Software - Application subindustry, Hitek Global's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Software Industry

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

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


Hitek Global Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Hitek Global's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.496 + 2.114) / 4.564
=0.57

Hitek Global's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.496 + 2.114) / 3.232
=0.81

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Dec. 2023) Revenue data.

Hitek Global Debt-to-Revenue Related Terms

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Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Debt-to-Revenue
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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.