Highmark Interactive (TSXV:HMRK.H) Debt-to-Equity : 58.33 (As of Sep. 2022)

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What is Highmark Interactive Debt-to-Equity?

Highmark Interactive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$1.88 Mil. Highmark Interactive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$2.38 Mil. Highmark Interactive's Total Stockholders Equity for the quarter that ended in Sep. 2022 was C$0.07 Mil. Highmark Interactive's debt to equity for the quarter that ended in Sep. 2022 was 58.33.

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 Highmark Interactive's Debt-to-Equity or its related term are showing as below:

TSXV:HMRK.H's Debt-to-Equity is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.485
* Ranked among companies with meaningful Debt-to-Equity only.

Highmark Interactive Debt-to-Equity Historical Data

The historical data trend for Highmark Interactive'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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Highmark Interactive Debt-to-Equity Chart

Highmark Interactive Annual Data

Trend

Dec20

Dec21

Debt-to-Equity

10.78

1.14

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial			-	1.14	1.91	2.88	58.33

Competitive Comparison of Highmark Interactive's Debt-to-Equity

For the Health Information Services subindustry, Highmark Interactive'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.

Highmark Interactive's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Highmark Interactive Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Highmark Interactive'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
	=	(0.561	+	4.141)	/	4.126
	=	1.14

Highmark Interactive'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
	=	(1.88	+	2.378)	/	0.073
	=	58.33

Highmark Interactive (TSXV:HMRK.H) 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.

Highmark Interactive Debt-to-Equity Related Terms

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Highmark Interactive (TSXV:HMRK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

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