Hitek Net Debt from 2010 to 2024

HKIT Stock

1.28 0.01 0.78%

Hitek Global Net Debt yearly trend continues to be comparatively stable with very little volatility. Net Debt is likely to outpace its year average in 2024. Net Debt is the total debt of Hitek Global Ordinary minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

2010-12-31

Previous Quarter

-6.7 M

Current Value

-6.4 M

Quarterly Volatility

2.1 M

Credit Downgrade

Yuan Drop

Covid

Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 627.9 K or Depreciation And Amortization of 51.1 K, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0 or PTB Ratio of 0.47. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.

Check out the analysis of Hitek Global Correlation against competitors.

Latest Hitek Global's Net Debt Growth Pattern

Below is the plot of the Net Debt of Hitek Global Ordinary over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Hitek Global's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Net Debt

Timeline

Hitek Net Debt Regression Statistics

	Arithmetic Mean	(1,599,742)
	Geometric Mean	1,289,512
	Coefficient Of Variation	(133.92)
	Mean Deviation	1,416,250
	Median	(867,570)
	Standard Deviation	2,142,399
	Sample Variance	4.6T
	Range	8.2M
	R-Value	(0.52)
	Mean Square Error	3.6T
	R-Squared	0.27
	Significance	0.05
	Slope	(247,567)
	Total Sum of Squares	64.3T

Hitek Net Debt History

	2024	-6.4 M
	2023	-6.7 M
	2022	1.5 M
	2021	-2.1 M
	2020	-1.9 M
	2019	-776.2 K
	2018	-739.6 K

Other Fundumenentals of Hitek Global Ordinary

Net Debt To E B I T D A

Hitek Global Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Capital Stock	Long Term Debt	Short Long Term Debt	Short Term Debt
Total Assets		0.87	0.92	-0.72	-0.65	0.92	0.59	0.94	0.86	0.91	0.87	0.98	0.82	0.83	-0.22	0.82	-0.31	-0.31	0.82
Total Stockholder Equity	0.87		0.77	-0.92	-0.85	0.81	0.46	0.83	0.99	0.76	1.0	0.85	0.99	0.86	-0.25	0.88	-0.74	-0.74	0.88
Net Tangible Assets	0.92	0.77		-0.55	-0.46	0.99	0.57	0.92	0.76	0.89	0.77	0.85	0.69	0.57	-0.1	0.57	-0.22	-0.22	0.57
Current Deferred Revenue	-0.72	-0.92	-0.55		0.97	-0.58	-0.16	-0.66	-0.9	-0.49	-0.91	-0.76	-0.95	-0.91	0.14	-0.92	0.75	0.75	-0.93
Net Debt	-0.65	-0.85	-0.46	0.97		-0.47	-0.14	-0.54	-0.85	-0.37	-0.83	-0.73	-0.91	-0.89	0.24	-0.9	0.7	0.7	-0.9
Retained Earnings	0.92	0.81	0.99	-0.58	-0.47		0.58	0.93	0.79	0.91	0.81	0.84	0.73	0.59	-0.11	0.59	-0.31	-0.31	0.59
Accounts Payable	0.59	0.46	0.57	-0.16	-0.14	0.58		0.52	0.53	0.78	0.49	0.57	0.44	0.33	-0.73	0.33	-0.16	-0.16	0.33
Net Receivables	0.94	0.83	0.92	-0.66	-0.54	0.93	0.52		0.78	0.9	0.84	0.89	0.77	0.72	-0.16	0.72	-0.32	-0.32	0.72
Short Term Investments	0.86	0.99	0.76	-0.9	-0.85	0.79	0.53	0.78		0.76	0.98	0.86	0.98	0.85	-0.33	0.86	-0.72	-0.72	0.86
Total Liab	0.91	0.76	0.89	-0.49	-0.37	0.91	0.78	0.9	0.76		0.79	0.83	0.68	0.62	-0.29	0.62	-0.27	-0.27	0.62
Net Invested Capital	0.87	1.0	0.77	-0.91	-0.83	0.81	0.49	0.84	0.98	0.79		0.85	0.98	0.86	-0.26	0.87	-0.73	-0.73	0.88
Total Current Assets	0.98	0.85	0.85	-0.76	-0.73	0.84	0.57	0.89	0.86	0.83	0.85		0.84	0.88	-0.33	0.87	-0.29	-0.29	0.87
Net Working Capital	0.82	0.99	0.69	-0.95	-0.91	0.73	0.44	0.77	0.98	0.68	0.98	0.84		0.88	-0.34	0.9	-0.76	-0.76	0.9
Common Stock	0.83	0.86	0.57	-0.91	-0.89	0.59	0.33	0.72	0.85	0.62	0.86	0.88	0.88		-0.26	1.0	-0.49	-0.49	1.0
Property Plant Equipment	-0.22	-0.25	-0.1	0.14	0.24	-0.11	-0.73	-0.16	-0.33	-0.29	-0.26	-0.33	-0.34	-0.26		-0.26	0.22	0.22	-0.26
Capital Stock	0.82	0.88	0.57	-0.92	-0.9	0.59	0.33	0.72	0.86	0.62	0.87	0.87	0.9	1.0	-0.26		-0.54	-0.54	1.0
Long Term Debt	-0.31	-0.74	-0.22	0.75	0.7	-0.31	-0.16	-0.32	-0.72	-0.27	-0.73	-0.29	-0.76	-0.49	0.22	-0.54		1.0	-0.54
Short Long Term Debt	-0.31	-0.74	-0.22	0.75	0.7	-0.31	-0.16	-0.32	-0.72	-0.27	-0.73	-0.29	-0.76	-0.49	0.22	-0.54	1.0		-0.54
Short Term Debt	0.82	0.88	0.57	-0.93	-0.9	0.59	0.33	0.72	0.86	0.62	0.88	0.87	0.9	1.0	-0.26	1.0	-0.54	-0.54

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About Hitek Global Financial Statements

Hitek Global shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may analyze each financial statement separately, they are all interrelated. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hitek Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	-6.7 M	-6.4 M
Net Debt To EBITDA	(3.42)	(3.24)

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Hitek Net Debt from 2010 to 2024

Latest Hitek Global's Net Debt Growth Pattern

Hitek Net Debt Regression Statistics

Hitek Net Debt History

Other Fundumenentals of Hitek Global Ordinary

Hitek Global Net Debt component correlations

About Hitek Global Financial Statements

Thematic Opportunities

Explore Investment Opportunities

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