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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-assets ratio | 0.37 | 0.38 | 0.38 | 0.38 | 0.39 | 0.35 | 0.33 | 0.00 | 0.33 |
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