Clean Harbors Inc (CLH)
Debt-to-equity 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-equity ratio | 1.02 | 1.05 | 1.09 | 1.22 | 1.26 | 1.36 | 1.46 | 1.58 | 1.66 | 1.06 | 1.10 | 1.15 | 1.16 | 1.19 | 1.30 | 1.41 | 1.22 | 1.26 | 1.29 | 1.33 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,291,720K ÷ $2,247,510K
= 1.02
The debt-to-equity ratio of Clean Harbors, Inc. has been fluctuating over the past eight quarters, indicating changes in the company's capital structure and financial leverage. The ratio has been gradually increasing from Q1 2022 to Q4 2023, which suggests a rising level of debt relative to equity.
The trend of increasing debt-to-equity ratio may indicate that Clean Harbors, Inc. has been relying more on debt financing to support its operations or growth initiatives during this period. Higher levels of debt compared to equity can pose risks in terms of financial stability and repayment obligations, as the company may face challenges in servicing its debt obligations, especially in times of economic uncertainty or financial distress.
It is important for stakeholders and investors to closely monitor the debt-to-equity ratio of Clean Harbors, Inc. and assess the company's ability to manage its debt levels effectively while maintaining a healthy balance between debt and equity. Additionally, a high debt-to-equity ratio can impact the company's creditworthiness and borrowing costs, potentially influencing its overall financial performance and strategic decisions.
Peer comparison
Dec 31, 2023