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Harden Technologies (Harden Technologies) Debt-to-Equity : 0.45 (As of Jun. 2023)


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What is Harden Technologies Debt-to-Equity?

Harden Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.59 Mil. Harden Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.41 Mil. Harden Technologies's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $11.04 Mil. Harden Technologies's debt to equity for the quarter that ended in Jun. 2023 was 0.45.

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

HAHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.45   Max: 0.55
Current: 0.45

During the past 3 years, the highest Debt-to-Equity Ratio of Harden Technologies was 0.55. The lowest was 0.04. And the median was 0.45.

HAHA's Debt-to-Equity is ranked worse than
63.28% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs HAHA: 0.45

Harden Technologies Debt-to-Equity Historical Data

The historical data trend for Harden Technologies'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.

Harden Technologies Debt-to-Equity Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
0.04 0.31 0.52

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial N/A 0.31 0.55 0.52 0.45

Competitive Comparison of Harden Technologies's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.

Harden Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Debt-to-Equity distribution charts can be found below:

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


Harden Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harden Technologies'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
=(3.951 + 1.411) / 10.296
=0.52

Harden Technologies'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
=(3.585 + 1.409) / 11.04
=0.45

* 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.

Harden Technologies  (BATS:HAHA) 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.

Harden Technologies Debt-to-Equity Related Terms

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

Harden Technologies (Harden Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Website
https://www.siruide.com
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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