Heritage Global Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Global has a total shareholder equity of $63.0M and total debt of $6.8M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are $83.7M and $20.7M respectively. Heritage Global's EBIT is $11.5M making its interest coverage ratio 33.1. It has cash and short-term investments of $15.6M.
Key information
10.8%
Debt to equity ratio
US$6.81m
Debt
| Interest coverage ratio | 33.1x |
| Cash | US$15.58m |
| Equity | US$63.03m |
| Total liabilities | US$20.67m |
| Total assets | US$83.71m |
Recent financial health updates
Recent updates
Is Now The Time To Put Heritage Global (NASDAQ:HGBL) On Your Watchlist?
Aug 13
Analysts Just Shipped A Notable Upgrade To Their Heritage Global Inc. (NASDAQ:HGBL) Estimates
Nov 17Heritage Global anticipates significant net operating growth in 2Q22
Jul 11Heritage Global: The Earnings Rose Is About To Bloom But Beware The Thorns
Mar 31Executive Compensation Excesses At Heritage Global
Feb 17Heritage Global: Strategic Acquisition And Insiders Buying
Sep 08Heritage Global to join Russell Microcap Index
Jun 16Heritage Global (HGBL) Investor Presentation - Slideshow
Jan 11Heritage Global reports Q3 results
Nov 09Financial Position Analysis
Short Term Liabilities: HGBL's short term assets ($28.9M) exceed its short term liabilities ($13.9M).
Long Term Liabilities: HGBL's short term assets ($28.9M) exceed its long term liabilities ($6.8M).
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 18.4% to 10.8% over the past 5 years.
Debt Coverage: HGBL's debt is well covered by operating cash flow (84.5%).
Interest Coverage: HGBL's interest payments on its debt are well covered by EBIT (33.1x coverage).