HireRight Holdings (HireRight Holdings) Debt-to-Equity : 1.63 (As of Dec. 2023)

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What is HireRight Holdings Debt-to-Equity?

HireRight Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.5 Mil. HireRight Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $726.8 Mil. HireRight Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $451.2 Mil. HireRight Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.63.

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

HRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.22 Med: 1.63 Max: 3.98
Current: 1.63

During the past 5 years, the highest Debt-to-Equity Ratio of HireRight Holdings was 3.98. The lowest was 1.22. And the median was 1.63.

HRT's Debt-to-Equity is ranked worse than
83.33% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs HRT: 1.63

HireRight Holdings Debt-to-Equity Historical Data

The historical data trend for HireRight Holdings'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.

HireRight Holdings Debt-to-Equity Chart

HireRight Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.82

3.98

1.56

1.22

1.63

HireRight Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											1.22	1.28	1.42	1.60	1.63

Competitive Comparison of HireRight Holdings's Debt-to-Equity

For the Staffing & Employment Services subindustry, HireRight Holdings'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.

HireRight Holdings's Debt-to-Equity Distribution in the Business Services Industry

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

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

HireRight Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HireRight Holdings'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
	=	(7.5	+	726.767)	/	451.168
	=	1.63

HireRight Holdings'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
	=	(7.5	+	726.767)	/	451.168
	=	1.63

HireRight Holdings (NYSE:HRT) 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.

HireRight Holdings Debt-to-Equity Related Terms

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HireRight Holdings (HireRight Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HireRight Holdings Corp (NYSE:HRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Centerview Drive, Suite 300, Nashville, TN, USA, 37214

Website

https://www.hireright.com

HireRight Holdings Corp is a global provider of technology-driven workforce risk management and compliance solutions. It provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services. It offers services via a unified global software and data platform that tightly integrates into its customers' human capital management (HCM) systems enabling effective and efficient workflows for workforce hiring, onboarding, and monitoring. The company's revenues is derived from contracts to provide services. Majority of the revenue is generated from United States.

Executives

Mary O'loughlin	officer: EVP, North America	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
Michael E Ensor	officer: SVP, Global Head of Operations	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James R Daxner	officer: EVP, Global Head of Product	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James Laplaine	director	100 CENTERVIEW DR,, NASHVILLE TN 37214
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rjc Gis Holdings Llc	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Venkat Bhamidipati	director	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence M Kutscher	director	ONE DIAMOND HILL RD, MURRAY HILL NJ 07974
Jeanne S. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Raymond W. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (bermuda), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY,LLC, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055
General Atlantic Partners (bermuda) Hrg Ii, L.p.	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
General Atlantic (spv) Gp (bermuda), Llc	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
Gap (bermuda) L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055