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HITC (Healthcare Integrated Technologies) Debt-to-Equity : 0.09 (As of Jan. 2025)


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What is Healthcare Integrated Technologies Debt-to-Equity?

Healthcare Integrated Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was $0.55 Mil. Healthcare Integrated Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was $0.00 Mil. Healthcare Integrated Technologies's Total Stockholders Equity for the quarter that ended in Jan. 2025 was $6.43 Mil. Healthcare Integrated Technologies's debt to equity for the quarter that ended in Jan. 2025 was 0.09.

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

HITC' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.17   Med: -0.34   Max: 0.36
Current: 0.09

During the past 12 years, the highest Debt-to-Equity Ratio of Healthcare Integrated Technologies was 0.36. The lowest was -2.17. And the median was -0.34.

HITC's Debt-to-Equity is ranked better than
80.68% of 559 companies
in the Healthcare Providers & Services industry
Industry Median: 0.44 vs HITC: 0.09

Healthcare Integrated Technologies Debt-to-Equity Historical Data

The historical data trend for Healthcare Integrated 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.

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Healthcare Integrated Technologies Debt-to-Equity Chart

Healthcare Integrated Technologies Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.35 -0.31 -0.32 -0.90 -2.17

Healthcare Integrated Technologies Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.67 -0.74 -2.17 0.36 0.09

Competitive Comparison of Healthcare Integrated Technologies's Debt-to-Equity

For the Health Information Services subindustry, Healthcare Integrated 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.


Healthcare Integrated Technologies's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Healthcare Integrated Technologies's Debt-to-Equity distribution charts can be found below:

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


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Healthcare Integrated Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Healthcare Integrated Technologies's Debt to Equity Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Healthcare Integrated Technologies's Debt to Equity Ratio for the quarter that ended in Jan. 2025 is calculated as

* 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.


Healthcare Integrated Technologies  (OTCPK:HITC) 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.


Healthcare Integrated Technologies Debt-to-Equity Related Terms

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


Healthcare Integrated Technologies Business Description

Traded in Other Exchanges
N/A
Address
311 S. Weisgarber Road, Knoxville, TN, USA, 37919
Healthcare Integrated Technologies Inc is a healthcare technology company. The company has developed a diversified spectrum of healthcare technology solutions to integrate and automate the continuing care, home care, and professional healthcare spaces.
Executives
Scott M Boruff director, 10 percent owner, officer: Chief Executive Officer 3847 RIVER VISTA WAY, LOUISVILLE TN 37777
Bradley Ryan Pruitt officer: President, IndeLiving Holdings 8929 MONEYMAKER DR., KNOXVILLE TN 37923