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

Company name
Symbol
Debt-to-equity ratio
Clean Harbors Inc
CLH
1.02
Stericycle Inc
SRCL
0.52