Hillenbrand Inc (HI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,423,000 | 1,409,500 | 1,651,100 | 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 |
| Debt-to-capital ratio | 0.57 | 0.59 | 0.56 | 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 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,872,400K ÷ ($1,872,400K + $1,423,000K)
= 0.57
The debt-to-capital ratio of Hillenbrand Inc has fluctuated over the periods specified. It ranged from 0.44 to 0.64 during the last few years, with the latest reported ratio being 0.57 as of September 30, 2024. The ratio indicates that, on average, approximately 57% of Hillenbrand's capital structure is financed by debt, while the remaining 43% is funded by equity. It is essential to note that a higher debt-to-capital ratio suggests that the company relies more on debt financing, which can increase financial risk. Conversely, a lower ratio signifies a stronger financial position with less reliance on debt. Overall, monitoring this ratio over time helps assess Hillenbrand's leverage and financial health.
Peer comparison
Sep 30, 2024