HSS Hire Group (LSE:HSS) Debt-to-Equity : 0.78 (As of Dec. 2023)

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What is HSS Hire Group Debt-to-Equity?

HSS Hire Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £20.1 Mil. HSS Hire Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £121.8 Mil. HSS Hire Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £183.2 Mil. HSS Hire Group's debt to equity for the quarter that ended in Dec. 2023 was 0.77.

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 HSS Hire Group's Debt-to-Equity or its related term are showing as below:

LSE:HSS' s Debt-to-Equity Range Over the Past 10 Years
Min: -26.68 Med: 1.41 Max: 3.36
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of HSS Hire Group was 3.36. The lowest was -26.68. And the median was 1.41.

LSE:HSS's Debt-to-Equity is ranked worse than
67.46% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs LSE:HSS: 0.78

HSS Hire Group Debt-to-Equity Historical Data

The historical data trend for HSS Hire Group'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.

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HSS Hire Group Debt-to-Equity Chart

HSS Hire Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.42

2.64

0.89

0.77

0.78

HSS Hire Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.83	0.77	0.78	0.78

Competitive Comparison of HSS Hire Group's Debt-to-Equity

For the Rental & Leasing Services subindustry, HSS Hire Group'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.

HSS Hire Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HSS Hire Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HSS Hire Group's Debt-to-Equity falls into.

HSS Hire Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HSS Hire Group'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
	=	(20.093	+	121.837)	/	183.185
	=	0.77

HSS Hire Group'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
	=	(20.093	+	121.837)	/	183.185
	=	0.77

HSS Hire Group (LSE:HSS) 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.

HSS Hire Group Debt-to-Equity Related Terms

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HSS Hire Group (LSE:HSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HSS Hire Group PLC (LSE:HSS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mosley Road, Building 2, Think Park, Manchester, GBR, M17 1FQ76

Website

https://www.hsshiregroup.com

HSS Hire Group PLC operates in the United Kingdom based rental and leasing industry and is a leader in the equipment hire market. The company's business focuses on supplying equipment and services to the fit-out, maintain and operate sectors of the market. Its operations are segmented into the following reportable segments: Rental and related revenue; and Services. Rental and related revenue comprise the rental income earned from owned tools and equipment including powered access, power generation. Services comprise the group's rehire business known as HSS OneCall and HSS Training. Its portfolio of brands includes HSS hire, HSS One Call, HSS Training, and ABird Power Solutions.

HSS Hire Group (LSE:HSS) Headlines

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