Hi-Great Group Holding Co (Hi-Great Group Holding Co) Debt-to-Equity : -0.19 (As of Mar. 2024)

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What is Hi-Great Group Holding Co Debt-to-Equity?

Hi-Great Group Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Hi-Great Group Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.02 Mil. Hi-Great Group Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.11 Mil. Hi-Great Group Holding Co's debt to equity for the quarter that ended in Mar. 2024 was -0.19.

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 Hi-Great Group Holding Co's Debt-to-Equity or its related term are showing as below:

HIGR' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.5 Med: -0.19 Max: 23
Current: -0.19

During the past 3 years, the highest Debt-to-Equity Ratio of Hi-Great Group Holding Co was 23.00. The lowest was -9.50. And the median was -0.19.

HIGR's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs HIGR: -0.19

Hi-Great Group Holding Co Debt-to-Equity Historical Data

The historical data trend for Hi-Great Group Holding Co'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.

Hi-Great Group Holding Co Debt-to-Equity Chart

Hi-Great Group Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

23.00

9.50

-0.19

Hi-Great Group Holding Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					-9.50	-0.88	-0.64	-0.19	-0.19

Competitive Comparison of Hi-Great Group Holding Co's Debt-to-Equity

For the Packaged Foods subindustry, Hi-Great Group Holding Co'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.

Hi-Great Group Holding Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hi-Great Group Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hi-Great Group Holding Co's Debt-to-Equity falls into.

Hi-Great Group Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hi-Great Group Holding Co'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	+	0.021)	/	-0.109
	=	-0.19

Hi-Great Group Holding Co's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	0.021)	/	-0.113
	=	-0.19

Hi-Great Group Holding Co (OTCPK:HIGR) 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.

Hi-Great Group Holding Co Debt-to-Equity Related Terms

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Hi-Great Group Holding Co (Hi-Great Group Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hi-Great Group Holding Co (OTCPK:HIGR) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

http://www.asia-great.com

Hi-Great Group Holding Co is a development stage company that engages in sale of herbal supplements.

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