Hasbro Inc (HAS)
Debt-to-assets 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 | 2,965,800 | 3,654,600 | 3,668,500 | 3,682,400 | 3,711,200 | 3,725,100 | 3,739,000 | 3,737,900 | 3,824,200 | 3,977,400 | 4,388,700 | 4,674,100 | 4,660,000 | 4,777,800 | 4,802,500 | 5,156,300 | 4,046,460 | 1,696,200 | 1,695,830 | 1,695,460 |
| Total assets | US$ in thousands | 6,540,900 | 8,340,200 | 8,609,700 | 8,923,700 | 9,295,900 | 9,626,100 | 9,503,000 | 9,518,700 | 10,037,800 | 10,230,400 | 10,102,200 | 10,189,100 | 10,818,400 | 10,703,200 | 10,222,100 | 10,424,400 | 8,855,600 | 5,554,620 | 5,038,610 | 4,934,770 |
| Debt-to-assets ratio | 0.45 | 0.44 | 0.43 | 0.41 | 0.40 | 0.39 | 0.39 | 0.39 | 0.38 | 0.39 | 0.43 | 0.46 | 0.43 | 0.45 | 0.47 | 0.49 | 0.46 | 0.31 | 0.34 | 0.34 |
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 is a key financial metric that indicates the proportion of a company's assets that are financed through debt. A higher ratio suggests that a larger portion of the company's assets are funded by debt, which can indicate higher financial risk.
From the data provided, we can see that Hasbro, Inc.'s debt-to-assets ratio has been gradually increasing over the past eight quarters, from 0.42 in Q1 2022 to 0.53 in Q4 2023. This trend indicates that Hasbro has been relying more on debt to finance its assets over time.
While an increasing debt-to-assets ratio can sometimes be a cause for concern as it indicates higher leverage and financial risk, it is important to consider the context within the company's overall financial strategy. Hasbro may be strategically using debt to fund growth opportunities, acquisitions, or investments in the business.
Investors and analysts typically compare a company's debt-to-assets ratio with industry peers and historical trends to assess its financial health and risk profile. It is important for Hasbro to maintain a balance between debt and equity financing to ensure sustainable growth and financial stability in the long term.