Clean Harbors Inc (CLH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,247,510 | 2,185,790 | 2,109,890 | 1,980,040 | 1,922,320 | 1,837,580 | 1,716,950 | 1,593,240 | 1,513,890 | 1,463,560 | 1,409,590 | 1,348,450 | 1,341,550 | 1,304,720 | 1,253,970 | 1,205,800 | 1,269,810 | 1,235,800 | 1,209,470 | 1,171,960 |
| Debt-to-capital ratio | 0.50 | 0.51 | 0.52 | 0.55 | 0.56 | 0.58 | 0.59 | 0.61 | 0.62 | 0.51 | 0.52 | 0.53 | 0.54 | 0.54 | 0.56 | 0.59 | 0.55 | 0.56 | 0.56 | 0.57 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,291,720K ÷ ($2,291,720K + $2,247,510K)
= 0.50
The debt-to-capital ratio of Clean Harbors, Inc. has shown a decreasing trend over the past eight quarters, which is a positive indicator. The ratio decreased from 0.61 in Q1 2022 to 0.51 in Q4 2023, reflecting an improvement in the company's financial leverage.
A decreasing trend in the debt-to-capital ratio suggests that Clean Harbors has been reducing its reliance on debt to finance its operations and investments, which may indicate a stronger financial position and less financial risk. It also indicates that the company has been able to build up its equity relative to its debt, providing a more sustainable capital structure.
Overall, the declining debt-to-capital ratio of Clean Harbors, Inc. over the past eight quarters is a positive sign of improved financial health and stability.
Peer comparison
Dec 31, 2023