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Highwater Ethanol LLC (HEOL)
OTHER OTC:HEOL
US Market
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Highwater Ethanol (HEOL) Ratios

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Highwater Ethanol Ratios

HEOL's free cash flow for Q3 2025 was $0.07. For the 2025 fiscal year, HEOL's free cash flow was decreased by $ and operating cash flow was $0.00. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
4.23 3.03 2.50 1.46 1.23
Quick Ratio
2.05 2.24 1.62 0.77 0.39
Cash Ratio
1.65 2.02 1.36 0.35 0.05
Solvency Ratio
-0.64 1.26 1.91 1.02 0.12
Operating Cash Flow Ratio
-0.90 1.41 2.08 1.05 -0.02
Short-Term Operating Cash Flow Coverage
-52.09 0.00 160.90 6.88 -0.08
Net Current Asset Value
$ 35.02M$ 40.90M$ 31.80M$ 8.05M$ -8.46M
Leverage Ratios
Debt-to-Assets Ratio
<0.01 0.01 0.01 0.06 0.20
Debt-to-Equity Ratio
<0.01 0.01 0.02 0.08 0.29
Debt-to-Capital Ratio
<0.01 0.01 0.02 0.07 0.23
Long-Term Debt-to-Capital Ratio
<0.01 0.00 0.00 <0.01 0.17
Financial Leverage Ratio
1.01 1.27 1.29 1.37 1.49
Debt Service Coverage Ratio
-3.16 111.98 69.05 5.60 0.64
Interest Coverage Ratio
20.17 67.69 99.08 23.11 -6.77
Debt to Market Cap
<0.01 0.00 <0.01 0.13 0.46
Interest Debt Per Share
166.17 262.54 333.14 1.17K 3.16K
Net Debt to EBITDA
16.08 -1.59 -0.73 -0.11 4.46
Profitability Margins
Gross Profit Margin
4.89%9.83%14.42%9.56%-1.13%
EBIT Margin
-2.89%7.72%13.08%7.76%-5.80%
EBITDA Margin
-0.59%12.76%17.74%13.90%3.17%
Operating Profit Margin
1.66%7.72%12.62%7.52%-4.75%
Pretax Profit Margin
2.39%8.41%15.06%8.66%-6.50%
Net Profit Margin
2.39%8.41%15.06%8.66%-6.50%
Continuous Operations Profit Margin
-3.26%8.41%15.06%8.66%-6.50%
Net Income Per EBT
100.01%100.00%100.00%100.00%100.00%
EBT Per EBIT
143.82%108.99%119.36%115.15%136.80%
Return on Assets (ROA)
4.60%16.57%32.93%15.91%-8.63%
Return on Equity (ROE)
6.80%21.00%42.56%21.74%-12.84%
Return on Capital Employed (ROCE)
3.62%19.09%35.20%18.35%-7.63%
Return on Invested Capital (ROIC)
3.61%19.03%34.66%16.25%-8.02%
Return on Tangible Assets
4.60%16.57%32.93%15.91%-8.63%
Earnings Yield
4.08%20.11%63.05%45.92%-22.66%
Efficiency Ratios
Receivables Turnover
49.76 109.81 66.79 20.38 25.77
Payables Turnover
18.05 9.57 9.44 8.55 11.49
Inventory Turnover
7.17 11.14 9.87 9.73 9.27
Fixed Asset Turnover
1.47 5.99 5.31 3.16 1.80
Asset Turnover
1.92 1.97 2.19 1.84 1.33
Working Capital Turnover Ratio
5.18 5.34 10.37 24.79 41.07
Cash Conversion Cycle
38.04 -2.06 3.79 12.72 21.77
Days of Sales Outstanding
7.34 3.32 5.46 17.91 14.16
Days of Inventory Outstanding
50.93 32.77 37.00 37.50 39.38
Days of Payables Outstanding
20.22 38.15 38.68 42.69 31.76
Operating Cycle
58.26 36.09 42.46 55.41 53.54
Cash Flow Ratios
Operating Cash Flow Per Share
-1.59K 6.11K 9.55K 4.68K -51.61
Free Cash Flow Per Share
-2.92K 5.84K 9.26K 3.25K -733.51
CapEx Per Share
1.33K 268.66 285.63 1.43K 681.91
Free Cash Flow to Operating Cash Flow
1.83 0.96 0.97 0.70 14.21
Dividend Paid and CapEx Coverage Ratio
-0.10 1.76 2.33 3.28 -0.08
Capital Expenditure Coverage Ratio
-1.20 22.73 33.43 3.28 -0.08
Operating Cash Flow Coverage Ratio
-11.19 28.43 34.85 4.43 -0.02
Operating Cash Flow to Sales Ratio
-0.05 0.15 0.21 0.14 >-0.01
Free Cash Flow Yield
-16.98%33.36%83.44%52.07%-12.54%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
24.52 4.97 1.59 2.18 -4.41
Price-to-Sales (P/S) Ratio
0.59 0.42 0.24 0.19 0.29
Price-to-Book (P/B) Ratio
1.14 1.04 0.68 0.47 0.57
Price-to-Free Cash Flow (P/FCF) Ratio
-5.89 3.00 1.20 1.92 -7.98
Price-to-Operating Cash Flow Ratio
-10.68 2.87 1.16 1.34 -113.36
Price-to-Earnings Growth (PEG) Ratio
-0.33 -0.10 0.01 >-0.01 0.19
Price-to-Fair Value
1.14 1.04 0.68 0.47 0.57
Enterprise Value Multiple
-83.71 1.68 0.62 1.24 13.50
Enterprise Value
68.56M 42.75M 24.37M 27.44M 41.94M
EV to EBITDA
-83.71 1.68 0.62 1.24 13.50
EV to Sales
0.50 0.21 0.11 0.17 0.43
EV to Free Cash Flow
-4.94 1.54 0.55 1.76 -11.90
EV to Operating Cash Flow
-9.06 1.47 0.54 1.22 -169.19
Tangible Book Value Per Share
14.97K 16.75K 16.44K 13.20K 10.32K
Shareholders’ Equity Per Share
14.97K 16.75K 16.44K 13.20K 10.32K
Tax and Other Ratios
Effective Tax Rate
0.00 0.00 <0.01 0.07 -0.11
Revenue Per Share
28.98K 41.84K 46.47K 33.15K 20.38K
Net Income Per Share
693.37 3.52K 7.00K 2.87K -1.33K
Tax Burden
1.00 1.00 1.00 1.00 1.00
Interest Burden
-0.83 1.09 1.15 1.12 1.12
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00 0.00
Income Quality
-10.40 1.74 1.36 1.63 0.04
Currency in USD
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