H&E Equipment Services (FRA:H6P) Debt-to-Equity : 2.95 (As of Sep. 2024)

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What is H&E Equipment Services Debt-to-Equity?

H&E Equipment Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil. H&E Equipment Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,586 Mil. H&E Equipment Services's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €538 Mil. H&E Equipment Services's debt to equity for the quarter that ended in Sep. 2024 was 2.95.

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 H&E Equipment Services's Debt-to-Equity or its related term are showing as below:

FRA:H6P' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.95 Med: 4.83 Max: 6.79
Current: 2.95

During the past 13 years, the highest Debt-to-Equity Ratio of H&E Equipment Services was 6.79. The lowest was 2.95. And the median was 4.83.

FRA:H6P's Debt-to-Equity is ranked worse than
92.67% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs FRA:H6P: 2.95

H&E Equipment Services Debt-to-Equity Historical Data

The historical data trend for H&E Equipment Services'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.

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H&E Equipment Services Debt-to-Equity Chart

H&E Equipment Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.30

5.86

4.60

3.52

3.02

H&E Equipment Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															3.22	3.02	3.09	3.03	2.95

Competitive Comparison of H&E Equipment Services's Debt-to-Equity

For the Rental & Leasing Services subindustry, H&E Equipment Services'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.

H&E Equipment Services's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, H&E Equipment Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where H&E Equipment Services's Debt-to-Equity falls into.

H&E Equipment Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

H&E Equipment Services'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	+	1477.551)	/	489.943
	=	3.02

H&E Equipment Services's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	1585.736)	/	538.088
	=	2.95

H&E Equipment Services (FRA:H6P) 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.

H&E Equipment Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of H&E Equipment Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

H&E Equipment Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » H&E Equipment Services Inc (FRA:H6P) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HEES:USA H6P:Germany

Address

7500 Pecue Lane, Baton Rouge, LA, USA, 70809

Website

https://www.he-equipment.com

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; sales of rental equipment; parts sales; and services. The majority of its revenue is derived from the equipment rentals segment.

H&E Equipment Services Headlines

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