Hasbro Inc (HAS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 6.02 | 3.75 | 3.49 | 3.23 | 3.25 | 3.21 | 3.13 | 3.07 | 3.25 | 3.32 | 3.47 | 3.41 | 3.65 | 3.78 | 3.83 | 3.74 | 2.96 | 3.02 | 2.94 | 2.98 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,540,900K ÷ $1,087,000K
= 6.02
The financial leverage ratio of Hasbro, Inc. has shown a fluctuating trend over the past eight quarters, ranging from 3.12 to 6.16. The financial leverage ratio measures the extent to which the company is using debt to finance its operations. A higher ratio indicates higher financial risk as the company has more debt relative to equity.
In Q4 2023, Hasbro's financial leverage ratio spiked to 6.16, signifying a significant increase in debt relative to equity compared to previous quarters. This could suggest that the company took on more debt to fund its activities during this period. The sudden jump in the ratio may indicate increased financial risk for the company.
In the preceding quarters, the financial leverage ratio ranged between 3.12 and 3.52, indicating a relatively stable level of debt compared to equity. While fluctuations were observed, they were within a narrower range compared to Q4 2023. This suggests that Hasbro typically maintained a more balanced capital structure during those periods.
Overall, the varying levels of the financial leverage ratio for Hasbro, Inc. indicate fluctuations in the company's debt management and capital structure over the analyzed quarters. Investors and analysts may need to closely monitor the company's debt levels and financial risk management strategies, especially considering the significant spike in the ratio in Q4 2023.