Hillenbrand Inc (HI)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,872,400 | 1,990,400 | 1,222,100 | 1,212,900 | 1,516,300 |
| Total assets | US$ in thousands | 5,238,700 | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 |
| Debt-to-assets ratio | 0.36 | 0.36 | 0.32 | 0.30 | 0.38 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,872,400K ÷ $5,238,700K
= 0.36
The debt-to-assets ratio of Hillenbrand Inc has fluctuated over the past five years, ranging from 0.30 to 0.38. This ratio indicates the proportion of the company's assets that are financed by debt. In 2024 and 2023, the ratio remained stable at 0.36, suggesting a consistent level of debt relative to assets during those years. However, there was a slight increase in the ratio in 2020 to 0.38, indicating a higher reliance on debt to finance assets.
In contrast, the ratio decreased to 0.30 in 2021 and further to 0.32 in 2022, suggesting a lower level of debt relative to assets during those years. This decrease may signify either a reduction in debt levels or an increase in asset values.
Overall, Hillenbrand Inc's debt-to-assets ratio has shown variability over the years, with the company managing its debt and asset structure strategically. Investors and stakeholders may monitor this ratio to assess the company's financial health and its ability to manage debt effectively.
Peer comparison
Sep 30, 2024