Hitek Global Balance Sheet Health
Financial Health criteria checks 3/6
Hitek Global has a total shareholder equity of $28.1M and total debt of $2.5M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are $43.5M and $15.4M respectively.
Key information
9.0%
Debt to equity ratio
US$2.55m
Debt
| Interest coverage ratio | n/a |
| Cash | US$25.36m |
| Equity | US$28.14m |
| Total liabilities | US$15.36m |
| Total assets | US$43.50m |
Recent financial health updates
No updates
Recent updates
More Unpleasant Surprises Could Be In Store For Hitek Global Inc.'s (NASDAQ:HKIT) Shares After Tumbling 27%
Aug 13
Optimistic Investors Push Hitek Global Inc. (NASDAQ:HKIT) Shares Up 27% But Growth Is Lacking
Jun 16Hitek Global (NASDAQ:HKIT) Is Reinvesting At Lower Rates Of Return
May 22Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding
Mar 29Hitek Global Inc.'s (NASDAQ:HKIT) 354% Price Boost Is Out Of Tune With Earnings
Feb 09Hitek Global Inc.'s (NASDAQ:HKIT) Prospects Need A Boost To Lift Shares
Dec 23Hitek Global Inc.'s (NASDAQ:HKIT) Popularity With Investors Under Threat As Stock Sinks 54%
Jul 05Financial Position Analysis
Short Term Liabilities: HKIT's short term assets ($37.3M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: HKIT's short term assets ($37.3M) exceed its long term liabilities ($9.9M).
Debt to Equity History and Analysis
Debt Level: HKIT has more cash than its total debt.
Reducing Debt: HKIT's debt to equity ratio has increased from 0% to 9% over the past 5 years.
Debt Coverage: HKIT's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: Insufficient data to determine if HKIT's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 10:21 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hitek Global Inc. is covered by 0 analysts. 0 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 |
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