Hillenbrand Inc (HI)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,990,400 | 1,222,100 | 1,212,900 | 1,516,300 | 619,500 |
| Total stockholders’ equity | US$ in thousands | 1,630,300 | 1,082,900 | 1,209,600 | 1,059,000 | 754,100 |
| Debt-to-equity ratio | 1.22 | 1.13 | 1.00 | 1.43 | 0.82 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,990,400K ÷ $1,630,300K
= 1.22
The debt-to-equity ratio of Hillenbrand Inc has been fluctuating over the past five years, indicating variations in its capital structure and financial leverage.
The ratio increased from 0.82 in 2019 to 1.47 in 2020, suggesting a significant rise in debt relative to equity. However, in 2021, the ratio decreased to 1.00, indicating a decrease in the company's reliance on debt financing.
In 2022, the ratio slightly increased to 1.13, further demonstrating a moderate shift towards higher debt levels. The most recent ratio for 2023 stands at 1.23, indicating a slight increase in the company's debt compared to its equity.
Overall, the trend in the debt-to-equity ratio suggests that Hillenbrand Inc has experienced fluctuations in its capital structure and leverage over the past five years, which may have implications for its financial risk and stability.
Peer comparison
Sep 30, 2023