Hasbro Inc (HAS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,087,000 | 2,223,200 | 2,470,200 | 2,758,700 | 2,861,900 | 2,999,000 | 3,035,800 | 3,104,200 | 3,087,000 | 3,080,100 | 2,914,900 | 2,983,900 | 2,961,100 | 2,831,300 | 2,666,300 | 2,790,500 | 2,995,530 | 1,840,910 | 1,715,870 | 1,654,530 |
| Debt-to-capital ratio | 0.73 | 0.62 | 0.60 | 0.57 | 0.56 | 0.55 | 0.55 | 0.55 | 0.55 | 0.56 | 0.60 | 0.61 | 0.61 | 0.63 | 0.64 | 0.65 | 0.57 | 0.48 | 0.50 | 0.51 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,965,800K ÷ ($2,965,800K + $1,087,000K)
= 0.73
The debt-to-capital ratio of Hasbro, Inc. has shown an increasing trend over the past eight quarters, reaching 0.77 in Q4 2023 from 0.58 in Q4 2022. This indicates that the company has been increasingly relying on debt to finance its operations and investments relative to its total capital.
The gradual increase in the debt-to-capital ratio may suggest that Hasbro is taking on more debt in comparison to its equity, which could potentially lead to higher financial leverage and increased risk. However, it is important to assess this ratio in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of Hasbro's overall financial health and debt management strategies.
It would be prudent for stakeholders and investors to closely monitor Hasbro's debt levels and ensure that the company maintains a sustainable balance between debt and equity to support its long-term growth and profitability prospects.