Clean Harbors Inc (CLH)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,573,530 | 2,247,510 | 1,922,320 | 1,513,890 | 1,341,550 |
| Debt-to-equity ratio | 1.08 | 1.02 | 1.26 | 1.66 | 1.16 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,771,120K ÷ $2,573,530K
= 1.08
The debt-to-equity ratio for Clean Harbors Inc has displayed some fluctuations over the five-year period from December 31, 2020, to December 31, 2024.
- As of December 31, 2020, the ratio stood at 1.16, indicating that the company had more debt than equity.
- By December 31, 2021, the ratio had increased to 1.66, suggesting a significant increase in debt relative to equity, potentially raising concerns about the company's leverage.
- In the following year, by December 31, 2022, the ratio decreased to 1.26, indicating a reduction in the company's reliance on debt financing.
- Subsequently, as of December 31, 2023, the ratio further decreased to 1.02, indicating that the company had a relatively balanced mix of debt and equity in its capital structure.
- Finally, by December 31, 2024, the ratio slightly increased to 1.08, showing a moderate uptick in the proportion of debt compared to equity.
Overall, the fluctuations in Clean Harbors Inc's debt-to-equity ratio over the period suggest varying levels of debt utilization and equity investment in the company's operations. It is important for stakeholders to monitor these changes to assess the company's financial risk and leverage position effectively.