HLP (Hongli Group) Debt-to-Revenue : 0.74 (As of Jun. 2024)

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What is Hongli Group Debt-to-Revenue?

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

Hongli Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $6.61 Mil. Hongli Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3.68 Mil. Hongli Group's annualized Revenue for the quarter that ended in Jun. 2024 was $13.92 Mil. Hongli Group's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 0.74.

Hongli Group Debt-to-Revenue Historical Data

The historical data trend for Hongli Group'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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Hongli Group Debt-to-Revenue Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

0.40

0.35

0.30

0.82

0.57

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Revenue	Get a 7-Day Free Trial					0.28	0.84	0.42	0.64	0.74

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

For the Steel subindustry, Hongli Group'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.

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

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

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

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Hongli Group Debt-to-Revenue Calculation

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

Hongli Group's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(5.772	+	3.338)	/	15.998
	=	0.57

Hongli Group's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(6.614	+	3.678)	/	13.924
	=	0.74

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 two times the quarterly (Jun. 2024) Revenue data.

Hongli Group Debt-to-Revenue Related Terms

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Hongli Group Business Description

Industry

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

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.