Haemonetics Corporation (HAE)

Debt-to-equity ratio

Mar 31, 2024 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
Long-term debt US$ in thousands 797,564 856,849 748,662 751,381 754,102 756,826 759,552 763,141 559,441 633,118 698,043 767,345 690,592 292,721 297,016 296,893 305,513 309,738 313,984 318,144
Total stockholders’ equity US$ in thousands 959,959 943,319 893,660 864,616 817,997 775,979 729,009 770,423 749,424 730,775 698,549 677,080 731,670 719,152 667,923 608,569 587,109 574,580 583,754 590,966
Debt-to-equity ratio 0.83 0.91 0.84 0.87 0.92 0.98 1.04 0.99 0.75 0.87 1.00 1.13 0.94 0.41 0.44 0.49 0.52 0.54 0.54 0.54

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $797,564K ÷ $959,959K
= 0.83

The debt-to-equity ratio of Haemonetics Corporation has fluctuated over the past years, indicating varying levels of leverage and financial risk. As of March 31, 2024, the debt-to-equity ratio stands at 0.83, suggesting that the company has a lower level of debt relative to equity. This indicates a conservative capital structure where equity financing plays a significant role.

Looking at historical trends, the ratio has shown some volatility, reaching a peak of 1.13 in December 2021 and a low of 0.41 in December 2020. The increasing trend from 2020 to 2021 indicates a higher reliance on debt for financing, potentially to fund expansion or acquisitions. However, the ratio has since decreased, pointing towards a move towards a more balanced capital structure.

Overall, analyzing the debt-to-equity ratio provides insights into Haemonetics Corporation's capital structure and financial risk management strategies. A lower ratio generally signifies a lower financial risk, while a higher ratio may indicate higher leverage and potential risk. Additionally, fluctuations in the ratio over time can reflect changes in the company's financing decisions and business operations. Monitoring this ratio is crucial for understanding the company's overall financial health and its ability to meet its debt obligations.


Peer comparison

Mar 31, 2024