Highway Capital (LSE:HWC) Debt-to-Equity: -0.57 (As of Feb. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Highway Capital Debt-to-Equity?

Highway Capital LSE:HWC Debt-to-Equity is -0.57 as of Feb. 2023.

Highway Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was £0.58 Mil. Highway Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was £0.48 Mil. Highway Capital's Total Stockholders Equity for the quarter that ended in Feb. 2023 was £-1.85 Mil. Highway Capital's debt to equity for the quarter that ended in Feb. 2023 was -0.57.

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 Highway Capital's Debt-to-Equity or its related term are showing as below:

LSE:HWC's Debt-to-Equity is not ranked *
in the Conglomerates industry.
Industry Median: 0.53
* Ranked among companies with meaningful Debt-to-Equity only.

Highway Capital  (LSE:HWC) 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.

Highway Capital Debt-to-Equity Related Terms

Highway Capital Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Highway Capital'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.

Highway Capital Debt-to-Equity Chart

Highway Capital Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.55 -0.64 -0.14 -0.57 -0.55

Highway Capital Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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 -0.53 -0.14 -0.53 -0.57 -0.55

LSE:HWC vs HON, MMM, IEP: Debt-to-Equity Comparison

For the Conglomerates subindustry, Highway Capital'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.

Highway Capital Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Highway Capital's Debt-to-Equity distribution charts can be found below:

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


Highway Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Highway Capital's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
=(0.578 + 0.483) / -1.851
=-0.57

Highway Capital's Debt to Equity Ratio for the quarter that ended in Feb. 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
=(0.578 + 0.483) / -1.851
=-0.57

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.57 mean?
Highway Capital (LSE:HWC) has a Debt-to-Equity of -0.57 as of Feb. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Highway Capital and its competitors.
Is Highway Capital's Debt-to-Equity too high?
Highway Capital's current Debt-to-Equity is -0.57.
How does Highway Capital's Debt-to-Equity compare to HON and MMM?
Highway Capital's Debt-to-Equity of -0.57 can be compared against companies in the Conglomerates industry. The industry median Debt-to-Equity is 0.53. 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 Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.53, based on 511 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. 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 Highway Capital and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highway Capital's current Debt-to-Equity is -0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highway Capital stock overvalued right now?
Highway Capital (LSE:HWC) has a current Debt-to-Equity of -0.57. The current Debt-to-Equity is -0.57. 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 Highway Capital (LSE:HWC), the current Debt-to-Equity is -0.57 as of Feb. 2023. 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.

Highway Capital Business Description

Address Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL
Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.