Clean Harbors Inc (CLH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,771,120 | 2,291,720 | 2,414,830 | 2,517,020 | 1,549,640 |
| Total assets | US$ in thousands | 7,377,280 | 6,382,870 | 6,129,710 | 5,653,700 | 4,131,520 |
| Debt-to-assets ratio | 0.38 | 0.36 | 0.39 | 0.45 | 0.38 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,771,120K ÷ $7,377,280K
= 0.38
The debt-to-assets ratio of Clean Harbors Inc has shown fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.38, indicating that 38% of the company's assets were financed by debt.
Subsequently, the ratio increased to 0.45 by the end of 2021, suggesting a higher reliance on debt financing compared to the previous year. However, in the following years, the ratio displayed a decreasing trend, dropping to 0.39 by the end of 2022, 0.36 by the end of 2023, and then rising slightly back to 0.38 by the end of 2024.
Overall, the debt-to-assets ratio of Clean Harbors Inc has remained relatively stable over the years, with the company maintaining a moderate level of debt in relation to its total assets. This indicates a balanced approach to financing operations and investments, ensuring that the company is not overly leveraged while still utilizing debt to support its growth and capital requirements.