Haynes International Inc (HAYN)
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 | 109,463 | 114,843 | 98,665 | 108,000 | 88,025 | 74,721 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 700,682 | 706,281 | 688,210 | 687,664 | 665,802 | 632,295 | 614,524 | 565,513 | 530,609 | 546,455 | 563,608 | 555,420 | 554,401 | 560,724 | 604,012 | 622,784 | 606,967 | 593,800 | 587,823 | 587,732 |
| Debt-to-assets ratio | 0.16 | 0.16 | 0.14 | 0.16 | 0.13 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $109,463K ÷ $700,682K
= 0.16
The debt-to-assets ratio of Haynes International Inc. has varied over the past eight quarters, ranging from a low of 0.01 in Q4 2022 to a high of 0.17 in multiple quarters. A debt-to-assets ratio of 0.01 indicates that only 1% of the company's assets are financed by debt, which suggests a low level of financial risk.
However, the ratio increased to 0.17 in Q1 2024, signaling a higher proportion of debt relative to assets. This increase could indicate that the company has taken on more debt compared to its assets, potentially increasing its financial risk and leverage.
The fluctuations in the debt-to-assets ratio over the quarters highlight the importance of closely monitoring the company's debt levels and managing its capital structure effectively to ensure financial stability and sustainability in the long run.
Peer comparison
Dec 31, 2023