Haynes International Inc (HAYN)
Debt-to-capital ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 114,843 | 74,721 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 434,324 | 375,488 | 343,321 | 301,501 | 296,275 |
| Debt-to-capital ratio | 0.21 | 0.17 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $114,843K ÷ ($114,843K + $434,324K)
= 0.21
The debt-to-capital ratio of Haynes International Inc. has experienced a notable increase from 0.02 in 2022 to 0.22 in 2023, indicating a higher reliance on debt compared to the company's capital structure. This increase suggests a potentially greater financial risk and leverage for the company in the latest reporting period. Further analysis of the specific components of debt and capital, along with an assessment of the company's overall financial health, would provide deeper insights into the implications of this shift in the debt-to-capital ratio.
Peer comparison
Sep 30, 2023