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HeartCore EnterprisesHTCR +6.61%56 Debt-to-Equity is 0.19 as of Mar. 2026, which is 60% below its 10-year median of 0.48. GuruFocus rates HTCR with a GF Score™ of 56/100 and a GF Value™ of $9.63 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,244 Software companies, HeartCore Enterprises ranks better than 51.2% on this metric.
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 HeartCore Enterprises's Debt-to-Equity or its related term are showing as below:
HTCR'
s Debt-to-Equity Range Over the Past 10 Years
Min: -11.08 Med: 0.48 Max: 2.65
Current: 0.19
During the past 7 years, the highest Debt-to-Equity Ratio of HeartCore Enterprises was 2.65. The lowest was -11.08. And the median was 0.48.
HTCR's Debt-to-Equity is ranked better than 51.2% of 2244
companies
in the Software industry
Industry Median: 0.19
vs HTCR: 0.19
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.
HeartCore Enterprises Debt-to-Equity Related Terms
HeartCore Enterprises Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for HeartCore Enterprises'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.
HTCR vs KWIK, QGSI, VIIQ: Debt-to-Equity Comparison
For the Software - Application subindustry, HeartCore Enterprises'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.
HeartCore Enterprises Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, HeartCore Enterprises's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where HeartCore Enterprises's Debt-to-Equity falls into.
* 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.
HeartCore Enterprises (HTCR) has a Debt-to-Equity of 0.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HeartCore Enterprises and its competitors. This is 60% below median its historical median of 0.48. According to the industry distribution chart, HeartCore Enterprises ranks #1095 out of 2244 companies in the Software industry, placing it in the top 48.8%.
Is HeartCore Enterprises' Debt-to-Equity too high?
HeartCore Enterprises' current Debt-to-Equity of 0.19 is 60% below median its 10-year median of 0.48. The Software industry median Debt-to-Equity is 0.19. HeartCore Enterprises' value of 0.19 is 0% at this industry median. Based on the distribution chart, HeartCore Enterprises ranks #1095 out of 2244 companies in the Software industry, which is above the industry midpoint. Overall, HeartCore Enterprises has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HeartCore Enterprises' Debt-to-Equity compare to KWIK and QGSI?
According to the Software industry distribution chart, HeartCore Enterprises ranks #1095 out of 2244 companies for Debt-to-Equity. This puts HeartCore Enterprises in the upper half of its industry. The industry median Debt-to-Equity is 0.19. HeartCore Enterprises' value of 0.19 is 0% at this benchmark. While the company's 10-year median is 0.48 vs. the industry median of 0.19, HeartCore Enterprises has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,244 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HeartCore Enterprises's current Debt-to-Equity of 0.19 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HeartCore Enterprises and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HeartCore Enterprises's current Debt-to-Equity is 0.19, which is 60% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HeartCore Enterprises stock overvalued right now?
Based on GuruFocus' analysis, HeartCore Enterprises (HTCR) is currently considered Possible Value Trap. The stock's GF Value™ is $9.63, compared to a current price of $2.65 — trading 72.5% below its estimated fair value. The current Debt-to-Equity is 0.19, which is 60% below median its 10-year median of 0.48 and 0% at the Software industry median of 0.19. HeartCore Enterprises' overall GF Score™ is 56/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For HeartCore Enterprises (HTCR), the current Debt-to-Equity is 0.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HeartCore Enterprises (HTCR) Overvalued in 2026?
Based on GuruFocus' analysis, HeartCore Enterprises stock appears to be undervalued.
The current stock price of $2.65 is trading 72.5% below its estimated GF Value™ of $9.63.
GuruFocus considers HeartCore Enterprises to be Possible Value Trap.
Key valuation signals for HTCR:
Debt-to-Equity: 0.19 (60% below median its 10-year median of 0.48)
GF Value™: $9.63 vs. price of $2.65 (72.5% below fair value)
Industry Position: 0% at the Software median (#1095 of 2244)
No single metric tells the full story. See the HTCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HeartCore Enterprises Inc is a software development company providing solutions for digital transformation (DX). It develops, sells, and maintains CMS and CXM platforms using digital marketing technology, RPA, process mining solutions, myInvenio and Apromore, task mining solution CONTROLIO, and 3D-VR services including Matterport and VR360. The company also provides management consulting, education, services, and support to help customers succeed with the CXM Platform. It operates through two business units, the CX division for customer experience management and the DX division for digital transformation, which provides robotics process automation, process mining, and task mining. Its products include VR360, myInvenio, Apromore, and others, with maximum revenue from the United States.
56GF Score
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