HL Acquisitions (HL Acquisitions) Debt-to-Equity : 0.04 (As of Sep. 2020)

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What is HL Acquisitions Debt-to-Equity?

HL Acquisitions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $1.47 Mil. HL Acquisitions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.53 Mil. HL Acquisitions's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $51.62 Mil. HL Acquisitions's debt to equity for the quarter that ended in Sep. 2020 was 0.04.

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 HL Acquisitions's Debt-to-Equity or its related term are showing as below:

HCCH's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.115
* Ranked among companies with meaningful Debt-to-Equity only.

HL Acquisitions Debt-to-Equity Historical Data

The historical data trend for HL Acquisitions'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.

HL Acquisitions Debt-to-Equity Chart

HL Acquisitions Annual Data

Trend

Jun18

Jun19

Jun20

Debt-to-Equity

10.00

0.04

HL Acquisitions Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial					-	0.01	0.02	0.04	0.04

Competitive Comparison of HL Acquisitions's Debt-to-Equity

For the Shell Companies subindustry, HL Acquisitions'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.

HL Acquisitions's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, HL Acquisitions's Debt-to-Equity distribution charts can be found below:

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

HL Acquisitions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HL Acquisitions's Debt to Equity Ratio for the fiscal year that ended in Jun. 2020 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
	=	(1.328	+	0.534)	/	51.975
	=	0.04

HL Acquisitions's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(1.474	+	0.534)	/	51.62
	=	0.04

HL Acquisitions (NAS:HCCH) 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.

HL Acquisitions Debt-to-Equity Related Terms

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HL Acquisitions (HL Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HL Acquisitions Corp (NAS:HCCH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

499 Park Avenue, 12th Floor, New York, NY, USA, 10022

Website

https://www.hlacquisitions.com

HL Acquisitions Corp is a blank check company. The company is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.