Clean Harbors Inc (CLH)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	2,771,120	2,773,660	2,775,840	2,778,620	2,291,720	2,292,950	2,294,310	2,409,650	2,414,830	2,507,950	2,510,960	2,513,940	2,517,020	1,546,280	1,547,400	1,548,520	1,549,640	1,550,760	1,626,870	1,702,990
Total assets	US$ in thousands	7,377,280	7,306,010	7,136,950	6,939,820	6,382,870	6,248,180	6,101,340	6,084,010	6,129,710	6,072,630	5,924,660	5,726,260	5,653,700	4,354,300	4,275,880	4,152,540	4,131,520	4,106,190	4,077,630	4,132,020
Debt-to-assets ratio		0.38	0.38	0.39	0.40	0.36	0.37	0.38	0.40	0.39	0.41	0.42	0.44	0.45	0.36	0.36	0.37	0.38	0.38	0.40	0.41

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 a slight fluctuation over the past few years. It stood at 0.41 as of March 31, 2020, and gradually decreased to 0.36 by September 30, 2021. However, there was a sudden increase to 0.45 by December 31, 2021, before declining again to 0.36 by March 31, 2023. The ratio then increased to 0.40 by March 31, 2024.

Overall, the trend indicates that Clean Harbors Inc has maintained a relatively stable debt-to-assets ratio, indicating a moderate level of leverage in financing its assets. A lower ratio suggests a company is less reliant on debt to fund its operations and investments, while a higher ratio may indicate higher financial risk due to increased debt levels. Monitoring this ratio over time can provide insights into the company's capital structure and financial risk management.