Hillenbrand Inc (HI)
Debt-to-equity 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-equity ratio | 1.32 | 1.47 | 1.26 | 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,872,400K ÷ $1,423,000K
= 1.32
The debt-to-equity ratio of Hillenbrand Inc has been fluctuating over the past few years, indicating varying levels of reliance on debt financing compared to equity. The ratio ranged from 0.80 to 1.81 during the period from 2019 to 2024.
There was a notable increase in the ratio from 0.80 in June 2023 to 1.63 in December 2022, suggesting a significant rise in debt relative to equity during that period. Subsequently, the ratio decreased to 0.97 in March 2022, indicating a lower reliance on debt financing compared to the previous quarter.
In the most recent data available as of September 2024, the debt-to-equity ratio stood at 1.32, which implies a moderate level of debt usage in the company's capital structure compared to equity.
Overall, the fluctuations in the debt-to-equity ratio for Hillenbrand Inc reflect changes in the company's financial leverage and capital structure strategy over the analyzed period. It is essential for stakeholders to closely monitor these ratios to assess the company's financial health and risk profile.
Peer comparison
Sep 30, 2024