Hongli Group (Hongli Group) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Hongli Group Debt-to-Equity?

Hongli Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.77 Mil. Hongli Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.34 Mil. Hongli Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $21.11 Mil. Hongli Group's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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 Hongli Group's Debt-to-Equity or its related term are showing as below:

HLP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.56 Max: 1.23
Current: 0.43

During the past 5 years, the highest Debt-to-Equity Ratio of Hongli Group was 1.23. The lowest was 0.43. And the median was 0.56.

HLP's Debt-to-Equity is ranked worse than
50.27% of 551 companies
in the Steel industry
Industry Median: 0.42 vs HLP: 0.43

Hongli Group Debt-to-Equity Historical Data

The historical data trend for Hongli Group'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.

Hongli Group Debt-to-Equity Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.72

0.49

0.56

1.23

0.43

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.56	0.46	1.23	0.36	0.43

Competitive Comparison of Hongli Group's Debt-to-Equity

For the Steel subindustry, Hongli Group'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.

Hongli Group's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hongli Group's Debt-to-Equity distribution charts can be found below:

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

Hongli Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hongli Group'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
	=	(5.772	+	3.338)	/	21.108
	=	0.43

Hongli Group'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
	=	(5.772	+	3.338)	/	21.108
	=	0.43

Hongli Group (NAS:HLP) 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.

Hongli Group Debt-to-Equity Related Terms

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

Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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