Hillenbrand Inc (HI)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,238,700 | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 |
| Total stockholders’ equity | US$ in thousands | 1,423,000 | 1,630,300 | 1,082,900 | 1,209,600 | 1,059,000 |
| Financial leverage ratio | 3.68 | 3.40 | 3.57 | 3.32 | 3.77 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,238,700K ÷ $1,423,000K
= 3.68
The financial leverage ratio of Hillenbrand Inc has fluctuated over the past five years. The ratio was highest in 2020 at 3.77 and lowest in 2021 at 3.32. In 2022, the ratio slightly increased to 3.57 before rising further in 2023 to 3.40. By the end of the most recent fiscal year in 2024, the financial leverage ratio reached 3.68.
Overall, the trend indicates that the company's financial leverage has been varying within a range over the years, suggesting fluctuations in the proportion of debt and equity in its capital structure. It would be essential to further analyze the company's debt levels, profitability, and overall financial health to gain a more comprehensive understanding of how its financial leverage ratio has evolved and what implications it may have for the company's financial stability and risk profile.
Peer comparison
Sep 30, 2024