Hasbro Inc (HAS)
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 | 2,965,800 | 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-equity ratio | 2.73 | 1.64 | 1.49 | 1.33 | 1.30 | 1.24 | 1.23 | 1.20 | 1.24 | 1.29 | 1.51 | 1.57 | 1.57 | 1.69 | 1.80 | 1.85 | 1.35 | 0.92 | 0.99 | 1.02 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,965,800K ÷ $1,087,000K
= 2.73
The trend analysis of Hasbro, Inc.'s debt-to-equity ratio over the past eight quarters indicates a significant increase in the company's leverage. The ratio has risen consistently from 1.31 in Q1 2022 to 3.26 in Q4 2023. This indicates that Hasbro has been relying more on debt to finance its operations and growth compared to equity.
The escalating debt-to-equity ratio suggests that Hasbro may be taking on more financial risk, as higher debt levels typically entail higher interest payments and repayment obligations, which could impact the company's financial flexibility and profitability in the long run. It is essential for investors and stakeholders to closely monitor this trend and assess Hasbro's ability to manage its debt levels and generate sufficient returns to cover its obligations.