HF Foods Group Balance Sheet Health

Financial Health criteria checks 3/6

HF Foods Group has a total shareholder equity of $285.6M and total debt of $179.5M, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are $612.8M and $327.1M respectively. HF Foods Group's EBIT is $14.3M making its interest coverage ratio 0.9. It has cash and short-term investments of $11.4M.

Key information

62.8%

Debt to equity ratio

US$179.48m

Debt

Interest coverage ratio	0.9x
Cash	US$11.45m
Equity	US$285.61m
Total liabilities	US$327.14m
Total assets	US$612.75m

Recent financial health updates

Recent updates

HF Foods Group (NASDAQ:HFFG) Use Of Debt Could Be Considered Risky

Sep 20

HF Foods Group Inc. (NASDAQ:HFFG) Might Not Be As Mispriced As It Looks

Jul 02

Investors Give HF Foods Group Inc. (NASDAQ:HFFG) Shares A 26% Hiding

Mar 12

Health Check: How Prudently Does HF Foods Group (NASDAQ:HFFG) Use Debt?

Aug 16

Is HF Foods Group (NASDAQ:HFFG) A Risky Investment?

Feb 10

HF Foods Group's (NASDAQ:HFFG) Solid Earnings May Rest On Weak Foundations

Feb 10

HF Foods receives Nasdaq notice for delisting; requests hearing

Oct 05

HF Foods receives additional Nasdaq non-compliance letter

Aug 17

HF Foods Group reports Q2 results

Aug 10

HF Foods appoints Carlos Rodriguez as CFO

Jul 14

HF Foods Group (NASDAQ:HFFG) Has A Somewhat Strained Balance Sheet

Jan 22

HF Foods Group reports Q3 results

Nov 09

Financial Position Analysis

Short Term Liabilities: HFFG's short term assets ($192.9M) exceed its short term liabilities ($163.1M).

Long Term Liabilities: HFFG's short term assets ($192.9M) exceed its long term liabilities ($164.0M).

Debt to Equity History and Analysis

Debt Level: HFFG's net debt to equity ratio (58.8%) is considered high.

Reducing Debt: HFFG's debt to equity ratio has reduced from 108.6% to 62.8% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HFFG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HFFG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 03:48
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HF Foods Group Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Harriman	Sidoti & Company, LLC

HF Foods Group Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

HF Foods Group (NASDAQ:HFFG) Use Of Debt Could Be Considered Risky

HF Foods Group Inc. announced delayed annual 10-K filing

Health Check: How Prudently Does HF Foods Group (NASDAQ:HFFG) Use Debt?

Is HF Foods Group (NASDAQ:HFFG) A Risky Investment?

HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of Shareholders

HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLC

Recent updates

HF Foods Group Inc. Appoints Felix Lin as Chief Executive Officer, Effective January 1, 2025

Third quarter 2024 earnings released: US$0.075 loss per share (vs US$0.035 profit in 3Q 2023)

HF Foods Group Inc. Announces Chief Executive Officer Changes

HF Foods Group (NASDAQ:HFFG) Use Of Debt Could Be Considered Risky

Investor sentiment improves as stock rises 20%

Second quarter 2024 earnings released: EPS: US$0 (vs US$0.016 loss in 2Q 2023)

New minor risk - Share price stability

HF Foods Group Inc. to Report Q2, 2024 Results on Aug 06, 2024

High number of new and inexperienced directors

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 18%

HF Foods Group Inc. Announces Board Changes

High number of new and inexperienced directors

HF Foods Group Inc. (NASDAQ:HFFG) Might Not Be As Mispriced As It Looks

HF Foods Group Inc. Announces Board Changes

HF Foods Group Inc. Announces Board Appointments

HF Foods Group Inc. to Report Q1, 2024 Results on May 08, 2024

HF Foods Group Inc., Annual General Meeting, Jun 03, 2024

HF Foods Group Inc. Announces Departure of Carlos Rodriguez, Chief Financial Officer

HF Foods Group Inc. announced delayed annual 10-K filing

Full year 2023 earnings released: US$0.04 loss per share (vs US$0.009 profit in FY 2022)

Investors Give HF Foods Group Inc. (NASDAQ:HFFG) Shares A 26% Hiding

HF Foods Group Inc. to Report Q4, 2023 Results on Mar 14, 2024

HF Foods Group Inc. Appoints Felix Lin as President of the Company

Third quarter 2023 earnings released: EPS: US$0.035 (vs US$0.072 loss in 3Q 2022)

HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023

CEO & Director recently bought US$113k worth of stock

CEO & Director recently bought US$265k worth of stock

CEO & Director recently bought US$218k worth of stock

Health Check: How Prudently Does HF Foods Group (NASDAQ:HFFG) Use Debt?

Second quarter 2023 earnings released: US$0.016 loss per share (vs US$0.085 profit in 2Q 2022)

HF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive Index

Irrevocable Trust Withdraws its Slate of Nominees to the Board of HF Foods Group Inc

First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.058 profit in 1Q 2022)

Irrevocable Trust for Raymond Ni Issues a Statement with HF Foods Group Inc

Now 21% undervalued after recent price drop

Is HF Foods Group (NASDAQ:HFFG) A Risky Investment?

HF Foods Group's (NASDAQ:HFFG) Solid Earnings May Rest On Weak Foundations

Investor sentiment deteriorates as stock falls 23%

HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of Shareholders

HF Foods Group Inc. Appoints Ms. Prudence C. Kuai as Member of the Board

HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLC

HF Foods Group Inc. announced delayed 10-Q filing

High number of new directors

HF Foods Group Inc. Announces Resignation of Jose Maroto from the Board of Directors

HF Foods Receives Staff Delisting Determination from the Listing Qualifications Department of Nasdaq

HF Foods receives Nasdaq notice for delisting; requests hearing

HF Foods Group Receives A Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC

HF Foods receives additional Nasdaq non-compliance letter

HF Foods Group Inc. announced delayed 10-Q filing

HF Foods Group reports Q2 results

HF Foods Group Inc. Appoints Carlos A. Rodriguez as Chief Financial Officer, Effective on or Before August 1, 2022

HF Foods appoints Carlos Rodriguez as CFO

HF Foods Group Inc Appoints Jose Maroto to its Board of Directors

HF Foods Group Receives Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC

HF Foods Group Inc. announced delayed 10-Q filing

HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million.

HF Foods Group, Inc. Appoints Xi Lin as Chief Operating Officer, Effective May 1, 2022

HF Foods Group Inc. Receives Notification Letter from Listing Qualifications Department of the Nasdaq

HF Foods Group (NASDAQ:HFFG) Has A Somewhat Strained Balance Sheet

High number of new and inexperienced directors

HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc.

HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million.

Hf Foods Group Inc. Announces Management Changes

HF Foods Group reports Q3 results

HF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Defensive Index

HF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 3000 Growth Index

Financial Position Analysis

Debt to Equity History and Analysis