Hayward Holdings Inc (HAYW)

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
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
Total stockholders’ equity US$ in thousands 1,311,460 1,280,330 1,269,820 1,230,120 1,223,030 1,196,260 1,221,620 1,372,920 1,369,510 1,302,300 1,264,000 1,206,660
Financial leverage ratio 2.25 2.25 2.27 2.38 2.35 2.37 2.44 2.18 2.17 2.19 2.21 2.25

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,946,280K ÷ $1,311,460K
= 2.25

The financial leverage ratio of Hayward Holdings Inc has shown some fluctuations over the quarters, ranging from 2.18 to 2.44. The ratio measures the proportion of a company's debt to its equity, indicating the extent to which a company relies on debt financing. A higher financial leverage ratio suggests higher financial risk due to increased debt levels, as seen in Q2 2022 and Q1 2023. On the other hand, a lower ratio indicates lesser reliance on debt financing, as evidenced in Q1 2022. Overall, the company's financial leverage ratio has been relatively stable around the 2.25 to 2.38 range for most quarters, reflecting a moderate level of debt utilization compared to equity. Further analysis of the company's debt structure and repayment capabilities would provide deeper insights into its financial stability and risk exposure.


Peer comparison

Dec 31, 2023

Company name
Symbol
Financial leverage ratio
Hayward Holdings Inc
HAYW
2.25
Middleby Corp
MIDD
2.13
Standex International Corporation
SXI
1.62
Tennant Company
TNC
1.93