Heritage Global Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Global has a total shareholder equity of $66.1M and total debt of $525.0K, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are $88.5M and $22.4M respectively. Heritage Global's EBIT is $9.1M making its interest coverage ratio 32.4. It has cash and short-term investments of $26.6M.
Key information
0.8%
Debt to equity ratio
US$525.00k
Debt
| Interest coverage ratio | 32.4x |
| Cash | US$26.57m |
| Equity | US$66.13m |
| Total liabilities | US$22.40m |
| Total assets | US$88.53m |
Recent financial health updates
Recent updates
Heritage Global Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Nov 10
Earnings Working Against Heritage Global Inc.'s (NASDAQ:HGBL) Share Price Following 26% Dive
Aug 14Is Now The Time To Put Heritage Global (NASDAQ:HGBL) On Your Watchlist?
Aug 13Analysts 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 ($37.0M) exceed its short term liabilities ($20.7M).
Long Term Liabilities: HGBL's short term assets ($37.0M) exceed its long term liabilities ($1.7M).
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 5.1% to 0.8% over the past 5 years.
Debt Coverage: HGBL's debt is well covered by operating cash flow (2609.5%).
Interest Coverage: HGBL's interest payments on its debt are well covered by EBIT (32.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 23:11 |
| End of Day Share Price | 2024/12/18 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Heritage Global Inc. is covered by 4 analysts. 2 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 |
|---|---|
| Michael Shlisky | Colliers Securities |
| George Sutton | Craig-Hallum Capital Group LLC |
| Mark Argento | Lake Street Capital Markets, LLC |