HeartCore Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
HeartCore Enterprises has a total shareholder equity of $3.6M and total debt of $1.9M, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are $13.5M and $10.0M respectively. HeartCore Enterprises's EBIT is $8.3M making its interest coverage ratio 73.2. It has cash and short-term investments of $4.8M.
Key information
52.59%
Debt to equity ratio
US$1.87m
Debt
| Interest coverage ratio | 73.2x |
| Cash | US$4.84m |
| Equity | US$3.56m |
| Total liabilities | US$9.97m |
| Total assets | US$13.53m |
Recent financial health updates
Is HeartCore Enterprises (NASDAQ:HTCR) A Risky Investment?
Feb 26
HeartCore Enterprises (NASDAQ:HTCR) Has Debt But No Earnings; Should You Worry?
Nov 19Recent updates
Slammed 28% HeartCore Enterprises, Inc. (NASDAQ:HTCR) Screens Well Here But There Might Be A Catch
Oct 01HeartCore Enterprises, Inc. (NASDAQ:HTCR) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
May 30A Look At The Fair Value Of HeartCore Enterprises, Inc. (NASDAQ:HTCR)
Mar 28Investors Don't See Light At End Of HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Tunnel And Push Stock Down 31%
Mar 08Is HeartCore Enterprises (NASDAQ:HTCR) A Risky Investment?
Feb 26Why The 36% Return On Capital At HeartCore Enterprises (NASDAQ:HTCR) Should Have Your Attention
Jan 31When Should You Buy HeartCore Enterprises, Inc. (NASDAQ:HTCR)?
Dec 19HeartCore Enterprises, Inc. (NASDAQ:HTCR) Stock Catapults 44% Though Its Price And Business Still Lag The Industry
Nov 27HeartCore Enterprises (NASDAQ:HTCR) Has Debt But No Earnings; Should You Worry?
Nov 19A Diversification Worth a Look-HTCR
Digital Transformation Specialist and IPO Consultant, HeartCore EnterprisesCatalysts-Products or Services that Could Move Sales or Earnings Meaningfully1. Growth: The global CuInvestors Still Aren't Entirely Convinced By HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Revenues Despite 25% Price Jump
Oct 13Party Time: One Broker Just Made Major Increases To Their HeartCore Enterprises, Inc. (NASDAQ:HTCR) Earnings Forecast
Sep 04Investors Aren't Entirely Convinced By HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Revenues
Aug 23HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Shares Leap 29% Yet They're Still Not Telling The Full Story
Feb 27Slammed 41% HeartCore Enterprises, Inc. (NASDAQ:HTCR) Screens Well Here But There Might Be A Catch
Nov 17HeartCore Enterprises signs deal with GMO MAKESHOP
Sep 28HeartCore to acquire majority stake in IT solutions firm Sigmaways
Sep 08HeartCore Enterprises Diversifies Amid Revenue Contraction And Worsening Operating Losses
Sep 02Financial Position Analysis
Short Term Liabilities: HTCR's short term assets ($8.9M) exceed its short term liabilities ($7.1M).
Long Term Liabilities: HTCR's short term assets ($8.9M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: HTCR has more cash than its total debt.
Reducing Debt: HTCR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: HTCR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HTCR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.9% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 19:03 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
HeartCore Enterprises, Inc. is covered by 2 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 |
|---|---|
| Aashi Shah | Sidoti & Company, LLC |
| Thomas Kerr | Zacks Small-Cap Research |