Heritage-Crystal Clean (Heritage-Crystal Clean) Debt-to-Equity : 0.48 (As of Jun. 2023)

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What is Heritage-Crystal Clean Debt-to-Equity?

Heritage-Crystal Clean's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $28.5 Mil. Heritage-Crystal Clean's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $187.9 Mil. Heritage-Crystal Clean's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $455.9 Mil. Heritage-Crystal Clean's debt to equity for the quarter that ended in Jun. 2023 was 0.47.

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 Heritage-Crystal Clean's Debt-to-Equity or its related term are showing as below:

HCCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.32 Max: 0.55
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Heritage-Crystal Clean was 0.55. The lowest was 0.12. And the median was 0.32.

HCCI's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.69 vs HCCI: 0.48

Heritage-Crystal Clean Debt-to-Equity Historical Data

The historical data trend for Heritage-Crystal Clean'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.

Heritage-Crystal Clean Debt-to-Equity Chart

Heritage-Crystal Clean Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.12

0.45

0.39

0.25

0.51

Heritage-Crystal Clean Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.55	0.51	0.49	0.48

Competitive Comparison of Heritage-Crystal Clean's Debt-to-Equity

For the Waste Management subindustry, Heritage-Crystal Clean'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.

Heritage-Crystal Clean's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Heritage-Crystal Clean's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Heritage-Crystal Clean's Debt-to-Equity falls into.

Heritage-Crystal Clean Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heritage-Crystal Clean'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
	=	(27.277	+	190.121)	/	430.228
	=	0.51

Heritage-Crystal Clean'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
	=	(28.49	+	187.905)	/	455.897
	=	0.47

Heritage-Crystal Clean (NAS:HCCI) 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.

Heritage-Crystal Clean Debt-to-Equity Related Terms

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Heritage-Crystal Clean (Heritage-Crystal Clean) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Heritage-Crystal Clean Inc (NAS:HCCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Center Drive, Suite East C300, Hoffman Estates, IL, USA, 60123

Website

https://www.crystal-clean.com

Heritage-Crystal Clean In provides full-service parts cleaning, hazardous and non-hazardous bulk and containerized waste management, used oil collection, re-refining and lubricating base oil product sales, wastewater vacuum services, antifreeze collection, recycling and product sales, industrial and field services, and emergency and spill response services. It operates in two segments, Environmental Services, and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, vacuum truck, and antifreeze recycling services, and the Oil Business segment collects used oil and sells recycled fuel oil, as well as engages in the re-refining of used oil into lubricant base oil and by-products.

Executives

Thompson Mary Patricia B	director	651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642
Willmschen Robert W Jr	director	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Fehsenfeld Fred M Jr	director	2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Carmine Falcone	director	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Brian Recatto	director	117 THIBODEAUX DRIVE, LAFAYETTE LA 70503
Anthony R Chase	director	10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Ellie Bruce	officer: VP Sales & Oil	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Mark Devita	officer: Chief Financial Officer	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD. SIOTE 375, ELGIN IL 60123
John Lucks	officer: Senior VP Sales & Marketing	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Schumacher Paul James Jr.	director	10521 HUSSEY LANE, CARMEL IN 46032
Tom Hillstrom	officer: VP of Operations	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Gregory Ray	officer: COO	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Joseph Chalhoub	director, officer: President and CEO	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Charles E Schalliol	director	300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Group Heritage	10 percent owner	5400 WEST 86TH STREET, P. O. BOX 68123, INDIANAPOLIS IN 46268