Hillenbrand Inc (HI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,688,600 | 1,630,300 | 1,654,000 | 1,635,600 | 1,162,600 | 1,082,900 | 1,127,000 | 1,254,500 | 1,232,600 | 1,209,600 | 1,230,200 | 1,214,400 | 1,185,900 | 1,059,000 | 1,036,600 | 1,009,000 | 1,127,100 | 754,100 | 781,200 | 756,800 |
| Debt-to-capital ratio | 0.54 | 0.55 | 0.45 | 0.44 | 0.62 | 0.53 | 0.52 | 0.49 | 0.50 | 0.50 | 0.50 | 0.50 | 0.54 | 0.59 | 0.62 | 0.64 | 0.62 | 0.45 | 0.29 | 0.32 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,021,500K ÷ ($2,021,500K + $1,688,600K)
= 0.54
The debt-to-capital ratio of Hillenbrand Inc has shown some fluctuation over the past eight quarters. In Q1 2024 and Q4 2023, the ratio remained consistent at 0.55, indicating that 55% of the company's capital is funded by debt. In Q3 and Q2 2023, the ratio decreased to 0.45, suggesting a lower reliance on debt in the company's capital structure during those periods.
However, in Q1 2023, the ratio spiked to 0.62, indicating a higher proportion of debt used to finance operations. The ratio then decreased in Q4 2022 and Q3 2022 to 0.53 and 0.52, respectively, before increasing again in Q2 2022 to 0.49.
Overall, the debt-to-capital ratio of Hillenbrand Inc has displayed some volatility, with periods of both higher and lower reliance on debt for funding its capital structure. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023