Haynes International Inc (HAYN)
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 | 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 |
| 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 |
| Financial leverage ratio | 1.59 | 1.63 | 1.66 | 1.69 | 1.71 | 1.68 | 1.74 | 1.64 | 1.56 | 1.59 | 1.91 | 1.89 | 1.86 | 1.86 | 2.05 | 2.05 | 2.00 | 2.00 | 1.78 | 1.78 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $700,682K ÷ $442,056K
= 1.59
Haynes International Inc.'s financial leverage ratio has exhibited some fluctuations over the past eight quarters. The ratio decreased from 1.71 in Q1 2023 to 1.59 in Q1 2024, indicating a reduction in leverage during this period. However, the ratio generally trended upwards from Q1 2023 to Q3 2023 where it peaked at 1.66 before slightly declining in subsequent quarters.
The company's leverage ratio hit its highest point at 1.74 in Q3 2022 and its lowest point at 1.59 in Q1 2024. This suggests that Haynes International Inc. has been experiencing varying levels of financial leverage over the recent quarters, potentially impacting its financial risk profile and capital structure. The overall trend indicates a slight decrease in leverage ratio from Q3 2022 to Q1 2024, which could be indicative of efforts to manage debt levels or optimize the company's financial position.
Peer comparison
Dec 31, 2023