Harbor Custom Development (Harbor Custom Development) Debt-to-Equity : 16.82 (As of Dec. 2023)

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What is Harbor Custom Development Debt-to-Equity?

Harbor Custom Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.38 Mil. Harbor Custom Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $128.21 Mil. Harbor Custom Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.48 Mil. Harbor Custom Development's debt to equity for the quarter that ended in Dec. 2023 was 16.82.

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 Harbor Custom Development's Debt-to-Equity or its related term are showing as below:

HCDIQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -235.58 Med: 2.49 Max: 100.15
Current: 16.82

During the past 6 years, the highest Debt-to-Equity Ratio of Harbor Custom Development was 100.15. The lowest was -235.58. And the median was 2.49.

HCDIQ's Debt-to-Equity is ranked worse than
98.8% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs HCDIQ: 16.82

Harbor Custom Development Debt-to-Equity Historical Data

The historical data trend for Harbor Custom Development'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.

Harbor Custom Development Debt-to-Equity Chart

Harbor Custom Development Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-235.58

3.06

0.58

1.92

16.82

Harbor Custom Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.92	2.27	2.14	3.09	16.82

Competitive Comparison of Harbor Custom Development's Debt-to-Equity

For the Real Estate - Development subindustry, Harbor Custom Development'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.

Harbor Custom Development's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Harbor Custom Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Harbor Custom Development's Debt-to-Equity falls into.

Harbor Custom Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbor Custom Development'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
	=	(14.379	+	128.206)	/	8.478
	=	16.82

Harbor Custom Development'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
	=	(14.379	+	128.206)	/	8.478
	=	16.82

Harbor Custom Development (OTCPK:HCDIQ) 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.

Harbor Custom Development Debt-to-Equity Related Terms

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

Harbor Custom Development (Harbor Custom Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbor Custom Development Inc (OTCPK:HCDIQ) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1201 Pacific Avenue, Suite 1200, Tacoma, WA, USA, 98402

Website

https://www.harborcustomhomes.com

Harbor Custom Development Inc is a real estate development company. The company's segment includes Homes; Developed lots; Entitled land; Multi-family; Fee Build and other. It generates maximum revenue froem the Homes segment.

Executives

D. David Chandler	director	C/O VIEWRAY INCORPORATED, 2 THERMO FISHER WAY, OAKWOOD VILLAGE OH 44146
Yoshi Niino	officer: Chief Accounting Officer	1201 PACIFIC AVE., SUITE 1200, TACOMA WA 98402
James Charles Burton	officer: Secretary	1201 PACIFIC AVE., SUITE 1200, TACOMA WA 98402
Walter Frederick Walker	director	14419 GREENWOOD AVE. N, STE A 418, SEATTLE WA 98133
Richard Schmidtke	director, officer: Chief Financial Officer	11505 BURNHAM DRIVE., SUITE 301, GIG HARBOR WA 98332
Dennis Andrew Wong	director	1511 NORTH WESTSHORE BOULEVARD, SUITE 870, TAMPA FL 33607
Chris John Corr	director	11505 BURNHAM DRIVE, SUITE 301, GIG HARBOR WA 98332
Jeffrey Habersetzer	officer: Secretary	11505 BURNHAM DRIVE., SUITE 301, GIG HARBOR WA 98332
Lance Brown	officer: Chief Financial Officer	400 GALLERIA PKWY SE,, SUITE 1760, ATLANTA GA 30339
Timothy J. O'sullivan	officer: Interim CFO	11505 BURNHAM DRIVE, SUITE 301, GIG HARBOR WA 98332
Karen Bryant	director	11505 BURNHAM DRIVE, SUITE 301, GIG HARBOR WA 98332
Swets Larry G Jr	director	105 S. MAPLE ST., ITASCA IL 60143
Sterling Griffin	director, 10 percent owner, officer: Chief Executive Officer	11505 BURNHAM DRIVE., SUITE 301, GIG HARBOR WA 98332
Lynda Meadows	officer: Chief Financial Officer	11505 BURNHAM DRIVE., SUITE 301, GIG HARBOR WA 98332
Anita Fritz	officer: Vice President	11505 BURNHAM DRIVE., SUITE 301, GIG HARBOR WA 98332