Hire Technologies (Hire Technologies) Debt-to-Equity : -1.03 (As of Sep. 2022)

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What is Hire Technologies Debt-to-Equity?

Hire Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.44 Mil. Hire Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.26 Mil. Hire Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-4.57 Mil. Hire Technologies's debt to equity for the quarter that ended in Sep. 2022 was -1.03.

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

HIRRF's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Hire Technologies Debt-to-Equity Historical Data

The historical data trend for Hire 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.

Hire Technologies Debt-to-Equity Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Debt-to-Equity

-2.46

1.57

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial														0.68	1.57	2.45	173.96	-1.03

Competitive Comparison of Hire Technologies's Debt-to-Equity

For the Staffing & Employment Services subindustry, Hire 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.

Hire Technologies's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hire Technologies's Debt-to-Equity distribution charts can be found below:

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

Hire Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hire Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(2.534	+	2.383)	/	3.141
	=	1.57

Hire Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(2.442	+	2.264)	/	-4.571
	=	-1.03

Hire Technologies (OTCPK:HIRRF) 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.

Hire Technologies Debt-to-Equity Related Terms

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Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.