Hillenbrand Inc (HI)
Debt-to-equity 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-equity ratio | 1.20 | 1.22 | 0.80 | 0.80 | 1.63 | 1.13 | 1.08 | 0.97 | 0.98 | 1.00 | 0.99 | 1.00 | 1.15 | 1.43 | 1.62 | 1.81 | 1.62 | 0.82 | 0.41 | 0.48 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,021,500K ÷ $1,688,600K
= 1.20
The debt-to-equity ratio of Hillenbrand Inc has shown some fluctuations over the past eight quarters, ranging from as low as 0.80 to as high as 1.63. Overall, the company's debt-to-equity ratio appears to be at a moderate level, with values generally above 1. This indicates that Hillenbrand relies more on debt financing than equity to fund its operations and growth.
The ratio was highest in Q1 2023 at 1.63, suggesting a relatively higher proportion of debt in the company's capital structure during that period. Subsequently, the ratio decreased in the following quarters but remained above 1, indicating continued reliance on debt financing.
In Q3 2023 and Q4 2022, the debt-to-equity ratio dropped to 0.81 and 0.97, respectively, signaling a lower level of debt relative to equity. However, this trend was not sustained in the subsequent quarters as the ratio increased again.
The fluctuations in the debt-to-equity ratio may suggest varying levels of leverage and financial risk for Hillenbrand Inc. It is essential for stakeholders to monitor these changes to assess the company's ability to meet its obligations and manage its financial health effectively.
Peer comparison
Dec 31, 2023