Heritage Global (XCNQ:HGP) Debt-to-Asset : 0.12 (As of Dec. 2023)

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What is Heritage Global Debt-to-Asset?

Heritage Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.38 Mil. Heritage Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.87 Mil. Heritage Global's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$111.58 Mil. Heritage Global's debt to asset for the quarter that ended in Dec. 2023 was 0.12.

Heritage Global Debt-to-Asset Historical Data

The historical data trend for Heritage Global's Debt-to-Asset 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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Heritage Global Debt-to-Asset Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.09

0.02

0.13

0.11

0.12

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-Asset	Get a 7-Day Free Trial															0.11	0.11	0.14	0.14	0.12

Competitive Comparison of Heritage Global's Debt-to-Asset

For the Capital Markets subindustry, Heritage Global's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Capital Markets Industry

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

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

Heritage Global Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.384	+	9.866)	/	111.578
	=	0.12

Heritage Global's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.384	+	9.866)	/	111.578
	=	0.12

Heritage Global (XCNQ:HGP) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Heritage Global Debt-to-Asset Related Terms

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

Heritage Global (XCNQ:HGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (XCNQ:HGP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HGBL:USA 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.

Heritage Global (XCNQ:HGP) Headlines

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