Hillcrest Energy Technologies (XCNQ:HEAT) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Hillcrest Energy Technologies Debt-to-Equity?

Hillcrest Energy Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.07 Mil. Hillcrest Energy Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.20 Mil. Hillcrest Energy Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.12 Mil. Hillcrest Energy Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

XCNQ:HEAT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.82 Med: -0.17 Max: 0.23
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Hillcrest Energy Technologies was 0.23. The lowest was -0.82. And the median was -0.17.

XCNQ:HEAT's Debt-to-Equity is ranked better than
56.82% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs XCNQ:HEAT: 0.23

Hillcrest Energy Technologies Debt-to-Equity Historical Data

The historical data trend for Hillcrest Energy 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.

Hillcrest Energy Technologies Debt-to-Equity Chart

Hillcrest Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.55

-0.82

0.03

0.05

0.23

Hillcrest Energy Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.05	0.03	0.23

Competitive Comparison of Hillcrest Energy Technologies's Debt-to-Equity

For the Electronic Components subindustry, Hillcrest Energy 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.

Hillcrest Energy Technologies's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hillcrest Energy Technologies's Debt-to-Equity distribution charts can be found below:

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

Hillcrest Energy Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hillcrest Energy Technologies'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
	=	(0.065	+	0.197)	/	1.121
	=	0.23

Hillcrest Energy Technologies'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
	=	(0.065	+	0.197)	/	1.121
	=	0.23

Hillcrest Energy Technologies (XCNQ:HEAT) 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.

Hillcrest Energy Technologies Debt-to-Equity Related Terms

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Hillcrest Energy Technologies (XCNQ:HEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hillcrest Energy Technologies Ltd (XCNQ:HEAT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HLRTF:USA 7HI:Germany 7HI:Germany

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.hillcrestenergy.tech

Hillcrest Energy Technologies Ltd is a clean technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.

Executives

Donald James Currie

Director, Senior Officer