Heritage Global Inc.

NasdaqCM:HGBL Stock Report

Market Cap: US$91.5m

Heritage Global Balance Sheet Health

Financial Health criteria checks 6/6

Heritage Global has a total shareholder equity of $61.1M and total debt of $7.2M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are $83.2M and $22.1M respectively. Heritage Global's EBIT is $13.3M making its interest coverage ratio 40.9. It has cash and short-term investments of $12.3M.

Key information

11.8%

Debt to equity ratio

US$7.23m

Debt

Interest coverage ratio40.9x
CashUS$12.28m
EquityUS$61.08m
Total liabilitiesUS$22.09m
Total assetsUS$83.17m

Recent financial health updates

Recent updates

Is Now The Time To Put Heritage Global (NASDAQ:HGBL) On Your Watchlist?

Aug 13
Is Now The Time To Put Heritage Global (NASDAQ:HGBL) On Your Watchlist?

Analysts Just Shipped A Notable Upgrade To Their Heritage Global Inc. (NASDAQ:HGBL) Estimates

Nov 17
Analysts Just Shipped A Notable Upgrade To Their Heritage Global Inc. (NASDAQ:HGBL) Estimates

Heritage Global anticipates significant net operating growth in 2Q22

Jul 11

Heritage Global: The Earnings Rose Is About To Bloom But Beware The Thorns

Mar 31

Executive Compensation Excesses At Heritage Global

Feb 17

Heritage Global: Strategic Acquisition And Insiders Buying

Sep 08

Heritage Global to join Russell Microcap Index

Jun 16

Heritage Global (HGBL) Investor Presentation - Slideshow

Jan 11

Heritage Global reports Q3 results

Nov 09

Financial Position Analysis

Short Term Liabilities: HGBL's short term assets ($26.3M) exceed its short term liabilities ($14.7M).

Long Term Liabilities: HGBL's short term assets ($26.3M) exceed its long term liabilities ($7.4M).


Debt to Equity History and Analysis

Debt Level: HGBL has more cash than its total debt.

Reducing Debt: HGBL's debt to equity ratio has reduced from 21.3% to 11.8% over the past 5 years.

Debt Coverage: HGBL's debt is well covered by operating cash flow (180.1%).

Interest Coverage: HGBL's interest payments on its debt are well covered by EBIT (40.9x coverage).


Balance Sheet


Discover healthy companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.