Hasbro Inc (HAS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,965,800 | 3,711,200 | 3,824,200 | 4,660,000 | 4,046,460 |
| Total assets | US$ in thousands | 6,540,900 | 9,295,900 | 10,037,800 | 10,818,400 | 8,855,600 |
| Debt-to-assets ratio | 0.45 | 0.40 | 0.38 | 0.43 | 0.46 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,965,800K ÷ $6,540,900K
= 0.45
The debt-to-assets ratio of Hasbro, Inc. has shown some fluctuation over the past five years. In 2023, the ratio increased to 0.53 from the previous year's 0.43, indicating that the company had a higher proportion of debt relative to its total assets. This rise may suggest an increase in Hasbro's debt levels compared to its asset base, potentially increasing its financial risk.
While the ratio has varied over the years, it is important to note that a higher debt-to-assets ratio can indicate a higher level of financial leverage, which could lead to increased interest payments and higher risk in times of economic downturns. Investors and creditors often monitor this ratio closely to assess a company's ability to cover its debt obligations and its overall financial health.
Further analysis would be required to understand the specific factors driving these changes in Hasbro's debt-to-assets ratio and to assess the company's overall debt management strategy and financial stability.