Hire Technologies (Hire Technologies) Debt-to-Revenue : 0.20 (As of Sep. 2022)

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What is Hire Technologies Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Hire Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.44 Mil. Hire Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.26 Mil. Hire Technologies's annualized Revenue for the quarter that ended in Sep. 2022 was $23.10 Mil. Hire Technologies's annualized Debt-to-Revenue for the quarter that ended in Sep. 2022 was 0.20.

Hire Technologies Debt-to-Revenue Historical Data

The historical data trend for Hire Technologies's Debt-to-Revenue 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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Hire Technologies Debt-to-Revenue Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Debt-to-Revenue

N/A

0.29

0.23

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Revenue	Get a 7-Day Free Trial														0.21	0.19	0.17	0.16	0.20

Competitive Comparison of Hire Technologies's Debt-to-Revenue

For the Staffing & Employment Services subindustry, Hire Technologies's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Hire Technologies's Debt-to-Revenue Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hire Technologies's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Hire Technologies's Debt-to-Revenue falls into.

Hire Technologies Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Hire Technologies's Debt-to-Revenue for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(2.534	+	2.383)	/	21.644
	=	0.23

Hire Technologies's annualized Debt-to-Revenue for the quarter that ended in Sep. 2022 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(2.442	+	2.264)	/	23.1
	=	0.20

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2022) Revenue data.

Hire Technologies Debt-to-Revenue Related Terms

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Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.