Haynes International Inc (HAYN)
Debt-to-equity 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-equity ratio | 0.26 | 0.20 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $114,843K ÷ $434,324K
= 0.26
The debt-to-equity ratio of Haynes International Inc. has shown a significant increase from 0.02 in 2022 to 0.28 in 2023. This indicates a notable shift towards a higher reliance on debt financing relative to equity. The increase in this ratio suggests that the company's debt levels have grown in comparison to its equity base. It is important to assess the reasons behind this change in leverage and to monitor the company's ability to manage its increased debt burden effectively. The trend in the debt-to-equity ratio should be closely monitored in subsequent periods to determine if this shift represents a sustained change in the company's capital structure.
Peer comparison
Sep 30, 2023