Hammond Power Solutions (Hammond Power Solutions) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Hammond Power Solutions Debt-to-Equity?

Hammond Power Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $22.0 Mil. Hammond Power Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.4 Mil. Hammond Power Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $176.1 Mil. Hammond Power Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Hammond Power Solutions's Debt-to-Equity or its related term are showing as below:

HMDPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.26 Max: 0.41
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Hammond Power Solutions was 0.41. The lowest was 0.10. And the median was 0.26.

HMDPF's Debt-to-Equity is ranked better than
64.05% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs HMDPF: 0.17

Hammond Power Solutions Debt-to-Equity Historical Data

The historical data trend for Hammond Power Solutions'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.

Hammond Power Solutions Debt-to-Equity Chart

Hammond Power Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.22

0.23

0.10

0.16

Hammond Power Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.16	0.16	0.16	0.17

Competitive Comparison of Hammond Power Solutions's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Hammond Power Solutions'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.

Hammond Power Solutions's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hammond Power Solutions's Debt-to-Equity falls into.

Hammond Power Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hammond Power Solutions'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
	=	(18.529	+	9.072)	/	171.719
	=	0.16

Hammond Power Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(22.035	+	8.412)	/	176.077
	=	0.17

Hammond Power Solutions (OTCPK:HMDPF) 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.

Hammond Power Solutions Debt-to-Equity Related Terms

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

Hammond Power Solutions (Hammond Power Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Power Solutions Inc (OTCPK:HMDPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T11:Germany HPS.A:Canada

Address

595 Southgate Drive, Guelph, ON, CAN, N1G 3W6

Website

https://www.hammondpowersolutions.com

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.

Hammond Power Solutions (Hammond Power Solutions) Headlines

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