Hayward Holdings Inc (HAYW)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,098,440 | 1,109,700 | 995,000 |
| Total stockholders’ equity | US$ in thousands | 1,311,460 | 1,223,030 | 1,369,510 |
| Debt-to-equity ratio | 0.84 | 0.91 | 0.73 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,098,440K ÷ $1,311,460K
= 0.84
Hayward Holdings Inc's debt-to-equity ratio has been fluctuating over the past three years. As of December 31, 2023, the company's debt-to-equity ratio stands at 0.83, showing a slight improvement from the previous year. This indicates that the company relies more on equity financing rather than debt to fund its operations and growth. However, compared to the ratio of 0.72 in 2021, there has been an increase in leverage over the past two years.
A debt-to-equity ratio of 0.83 suggests that for every dollar of equity, the company has $0.83 of debt. While the ratio is below 1, indicating a relatively conservative capital structure, it is important to monitor the trend over time to ensure that the company's debt levels are sustainable and do not pose a risk to its financial stability.
Overall, Hayward Holdings Inc's debt-to-equity ratio reflects a balanced mix of debt and equity financing, but ongoing monitoring and analysis of the trend are essential to ensure the company's long-term financial health.
Peer comparison
Dec 31, 2023