Hillenbrand Inc (HI)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,021,500 | 1,990,400 | 1,329,300 | 1,303,900 | 1,890,400 | 1,222,100 | 1,214,600 | 1,214,000 | 1,213,400 | 1,212,900 | 1,212,400 | 1,211,900 | 1,368,300 | 1,516,300 | 1,674,800 | 1,826,600 | 1,822,600 | 619,500 | 323,200 | 361,700 |
| Total assets | US$ in thousands | 5,584,900 | 5,547,700 | 4,733,800 | 4,830,500 | 4,885,900 | 3,867,500 | 3,893,700 | 4,065,000 | 3,994,600 | 4,014,900 | 4,037,400 | 3,917,100 | 4,015,300 | 3,987,400 | 4,029,900 | 4,190,700 | 4,420,700 | 2,228,600 | 1,890,600 | 1,885,500 |
| Debt-to-assets ratio | 0.36 | 0.36 | 0.28 | 0.27 | 0.39 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.31 | 0.34 | 0.38 | 0.42 | 0.44 | 0.41 | 0.28 | 0.17 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,021,500K ÷ $5,584,900K
= 0.36
The debt-to-assets ratio for Hillenbrand Inc has fluctuated over the past eight quarters. In Q1 2024 and Q4 2023, the ratio stood at 0.37 and 0.36, respectively, indicating that approximately 37% and 36% of the company's assets were funded by debt during those periods. The ratio saw a significant increase in Q1 2023 when it reached 0.39, suggesting a higher reliance on debt to finance assets at that time.
Conversely, the ratio decreased to 0.27 in Q2 2023, indicating a lower debt burden relative to total assets compared to the previous quarter. In Q3 2023, the ratio further declined to 0.28, before increasing to 0.32 in Q4 2022. Throughout Q2 and Q3 2022, the ratio remained relatively stable at 0.31 and 0.30, respectively.
Overall, the trend in the debt-to-assets ratio for Hillenbrand Inc shows some variability, with fluctuations in the level of debt used to finance the company's assets. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk levels over time.
Peer comparison
Dec 31, 2023