Hayward Holdings Inc (HAYW)

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
Long-term debt US$ in thousands 1,098,440 1,101,300 1,104,100 1,106,900 1,109,700 987,500 990,000 995,000
Total assets US$ in thousands 2,946,280 2,883,080 2,883,650 2,925,690 2,875,010 2,830,400 2,981,360 2,999,510 2,978,470 2,845,940 2,793,300 2,720,300
Debt-to-assets ratio 0.37 0.38 0.38 0.38 0.39 0.35 0.33 0.00 0.33 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,098,440K ÷ $2,946,280K
= 0.37

Hayward Holdings Inc's debt-to-assets ratio has ranged between 0.33 and 0.40 over the past eight quarters. The ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower financial risk and a higher level of asset coverage by equity.

In the last quarter, the ratio was 0.37, showing a decrease from the previous quarter's 0.40. This indicates that the company has slightly reduced its debt relative to its total assets in the most recent quarter.

Overall, the company has maintained a relatively stable debt-to-assets ratio around the 0.38 mark for the past few quarters, which suggests a consistent balance between debt and equity financing. It is crucial for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk levels effectively.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Hayward Holdings Inc
HAYW
0.37
Middleby Corp
MIDD
0.34
Standex International Corporation
SXI
0.15
Tennant Company
TNC
0.00