Hillenbrand Inc (HI)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,872,400 | 2,068,900 | 2,087,000 | 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 |
| Total assets | US$ in thousands | 5,238,700 | 5,271,500 | 5,570,500 | 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 |
| Debt-to-assets ratio | 0.36 | 0.39 | 0.37 | 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 |
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 for Hillenbrand Inc has shown some fluctuations over the past few quarters. As of September 30, 2024, the ratio stood at 0.36, indicating that 36% of the company's assets were funded by debt.
Looking at the trend over the past five quarters, the ratio has generally remained within the range of 0.27 to 0.42, with a slight uptrend in recent quarters. A lower ratio suggests lower financial risk as it indicates a lower reliance on debt for funding company assets.
It is worth noting that the ratio peaked at 0.44 in March 2020, signaling a relatively higher level of debt compared to assets at that time. Since then, the company has managed to reduce its debt-to-assets ratio, which may be a positive sign of improved financial health and risk management.
In summary, Hillenbrand Inc's debt-to-assets ratio has exhibited some fluctuations but has shown a decreasing trend overall in recent quarters, which could indicate a more conservative approach to financing and potentially lower financial risk for the company.
Peer comparison
Sep 30, 2024