Heritage Global (Heritage Global) Debt-to-Equity

: 0.16 (As of Dec. 2023)

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Heritage Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.52 Mil. Heritage Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.35 Mil. Heritage Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $61.08 Mil. Heritage Global's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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

HGBL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.21 Max: 1.24
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Heritage Global was 1.24. The lowest was 0.03. And the median was 0.21.

HGBL's Debt-to-Equity is ranked better than
64.09% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs HGBL: 0.16

Heritage Global Debt-to-Equity Historical Data

The historical data trend for Heritage 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.

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.17

0.03

0.20

0.15

0.16

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.15	0.16	0.20	0.21	0.16

Competitive Comparison

For the Capital Markets subindustry, Heritage 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.

Heritage Global Debt-to-Equity Distribution

For the Capital Markets industry and Financial Services sector, Heritage Global's Debt-to-Equity distribution charts can be found below:

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

Heritage Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heritage 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
	=	(2.522	+	7.354)	/	61.08
	=	0.16

Heritage 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
	=	(2.522	+	7.354)	/	61.08
	=	0.16

Heritage Global (NAS:HGBL) 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 Global Debt-to-Equity Related Terms

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

Heritage Global (Heritage Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (NAS:HGBL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Executives

Nicholas Kirk Dove	officer: President, Industrial Assets	12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer	director	C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove	officer: President of Subsidiary	330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig	officer: President of subsidiary	10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner	director	200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp	10 percent owner	544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham	director	INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar	officer: EVP, Gen. Counsel & Secretary	31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe	director	5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley	director	2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho	director	12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb	officer: VP of Finance and Controller	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber	officer: President	C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402