Haynes International Inc (HAYN)
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 | 109,463 | 114,843 | 98,665 | 108,000 | 88,025 | 74,721 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 442,056 | 434,324 | 413,501 | 405,759 | 389,144 | 375,488 | 354,073 | 345,310 | 340,209 | 343,321 | 295,012 | 293,891 | 297,891 | 301,501 | 295,124 | 303,612 | 303,626 | 296,275 | 330,140 | 329,692 |
| Debt-to-equity ratio | 0.25 | 0.26 | 0.24 | 0.27 | 0.23 | 0.20 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $109,463K ÷ $442,056K
= 0.25
The debt-to-equity ratio of Haynes International Inc. has shown some fluctuation in the recent quarters. In Q1 2024 and Q3 2023, the ratio was 0.26, indicating that the company had $0.26 in debt for every $1 of equity. This suggests a moderate level of financial leverage. In Q4 2023 and Q2 2023, the ratio increased to 0.28, indicating a slightly higher level of debt relative to equity.
Notably, in Q1 2023, the company had a significantly lower debt-to-equity ratio of 0.25, suggesting a more conservative capital structure. However, this changed drastically in Q4 2022 and Q3 2022, where the ratio was extremely low at 0.02 and 0.15, respectively, indicating a very low level of debt compared to equity. This could suggest a period of debt reduction or strong equity growth during that time.
Overall, Haynes International Inc.'s debt-to-equity ratio has varied over the quarters, reflecting potential changes in the company's financing decisions and capital structure. It is important for investors and stakeholders to monitor these fluctuations to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023