Clean Harbors Inc (CLH)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,554,120 | 1,555,260 | 1,562,990 | 1,564,000 |
| Total assets | US$ in thousands | 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 | 4,108,900 | 4,021,860 | 3,955,320 | 3,882,050 |
| Debt-to-assets ratio | 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 | 0.38 | 0.39 | 0.40 | 0.40 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,291,720K ÷ $6,382,870K
= 0.36
The debt-to-assets ratio of Clean Harbors, Inc. has exhibited a general increasing trend over the past eight quarters, starting at 0.36 in Q4 2022 and reaching 0.44 in Q1 2022. This indicates that the company has been relying more on debt to finance its operations and investments relative to its total assets.
The increasing trend in the debt-to-assets ratio may suggest a higher financial risk for the company, as a higher ratio indicates a larger proportion of debt in relation to its total assets. This could potentially lead to higher interest payments and financial obligations, impacting the company's overall financial stability and flexibility.
It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively while maintaining sustainable growth and profitability. Additionally, further analysis of the company's interest coverage ratio and debt repayment capabilities would provide a more comprehensive understanding of Clean Harbors, Inc.'s financial health and risk management strategies.
Peer comparison
Dec 31, 2023