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H&E Equipment Services, Inc. (HEES)
Chart Events
Performance Outlook
| Previous Close | 37.91 |
| Open | 37.64 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 800 |
| Day's Range | 36.26 - 37.81 |
| 52 Week Range | 11.82 - 38.90 |
| Volume | 348,778 |
| Avg. Volume | 234,120 |
| Market Cap | 1.337B |
| Beta (5Y Monthly) | 2.26 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.91 |
| Earnings Date | May 06, 2021 - May 10, 2021 |
| Forward Dividend & Yield | 1.10 (2.97%) |
| Ex-Dividend Date | Feb 25, 2021 |
| 1y Target Est | 39.00 |
- Benzinga
A Look Into H&E Equipment's Debt
Shares of H&E Equipment Servs (NASDAQ:HEES) moved higher by 2.38% in the past three months. Before having a look at the importance of debt, let us look at how much debt H&E Equipment Servs has. H&E Equipment Servs's Debt Based on H&E Equipment Servs's balance sheet as of February 17, 2021, long-term debt is at $305.00 thousand and current debt is at $1.25 billion, amounting to $1.25 billion in total debt. Adjusted for $310.88 million in cash-equivalents, the company's net debt is at $937.70 million. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering H&E Equipment Servs's $1.98 billion in total assets, the debt-ratio is at 0.63. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 35% might be higher for one industry and average for another. Importance Of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaH&E Equipment Services: Q4 Earnings InsightsEarnings Scheduled For February 17, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Simply Wall St.
Is H&E Equipment Services, Inc.'s (NASDAQ:HEES) ROE Of 1.5% Concerning?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Motley Fool
H&E; Equipment Services (HEES) Q4 2020 Earnings Call Transcript
Thank you, Sarah, and welcome to H&E Equipment Services conference call to review the company's results for the fourth quarter and year ended December 31, 2020, which were released earlier this morning. Conducting the call today will be John Engquist, executive chairman of the board of directors; Brad Barber, chief executive officer; and Leslie Magee, chief financial officer and secretary. Before we start, let me offer the cautionary note that this call contains forward-looking statements within the meanings of the federal securities laws.
