Hitek Global Inc. Total Liabilities
Hitek Global Inc. total liabilities. Based on the latest financial reports, Hitek Global Inc. (HKIT) has total liabilities worth $6.57 Million USD as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. See HKIT cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Total Liabilities of Hitek Global Inc. (2016–2025)
Total liabilities of Hitek Global Inc. from 2016 to 2025. This chart illustrates how Hitek Global Inc.'s total liabilities have evolved over time, based on quarterly financial data. Check financial resilience of Hitek Global Inc. to evaluate the company's liquid asset resilience ratio.
Hitek Global Inc. Competitors by Total Liabilities
The table below lists competitors of Hitek Global Inc. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Proven Vct PLC
LSE:PVN
|
UK | GBX248.00K |
|
Ganga Forging Limited
NSE:GANGAFORGE
|
India | Rs302.43 Million |
|
Cynata Therapeutics Ltd
AU:CYP
|
Australia | AU$1.22 Million |
|
AIS Resources Ltd
V:AIS
|
Canada | CA$2.23 Million |
|
Quinsam Capital Corporation
F:0Q4
|
Germany | €105.79K |
|
QEM Ltd
AU:QEM
|
Australia | AU$566.92K |
|
Collective Audience Inc.
NASDAQ:CAUD
|
USA | $15.24 Million |
Liability Composition Analysis (2016–2025)
This chart breaks down Hitek Global Inc.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the complete balance sheet picture, see Hitek Global Inc. total assets.
Liquidity & Leverage Metrics
Hitek Global Inc. Total Liabilities Ratios Explained
Hitek Global Inc. total liabilities ratios compare its liabilities with its current assets, cash and shareholder equity.
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 8.23 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.18 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.15 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Hitek Global Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Hitek Global Inc. (2016–2025)
The table below shows the annual total liabilities of Hitek Global Inc. from 2016 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | $6.57 Million | +4.84% |
| 2024-12-31 | $6.27 Million | -11.61% |
| 2023-12-31 | $7.09 Million | -7.66% |
| 2022-12-31 | $7.68 Million | +91.29% |
| 2021-12-31 | $4.01 Million | +23.95% |
| 2020-12-31 | $3.24 Million | +28.02% |
| 2019-12-31 | $2.53 Million | +15.85% |
| 2018-12-31 | $2.18 Million | +11.64% |
| 2017-12-31 | $1.96 Million | -12.88% |
| 2016-12-31 | $2.25 Million | -- |
About Hitek Global Inc.
Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; business consulting services; and sells software and hardware to large business… Read more