Huntington Ingalls Industries Inc (HII)
Debt-to-assets 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 | 2,214,000 | 2,213,000 | 2,396,000 | 2,498,000 | 2,506,000 | 2,605,000 | 3,102,000 | 3,200,000 | 3,298,000 | 3,321,000 | 1,689,000 | 1,688,000 | 1,686,000 | 2,278,000 | 2,276,000 | 1,667,000 | 1,286,000 | 1,549,000 | 1,698,000 | 1,496,000 |
| Total assets | US$ in thousands | 11,215,000 | 10,621,000 | 10,859,000 | 10,849,000 | 10,857,000 | 10,615,000 | 10,586,000 | 10,557,000 | 10,627,000 | 10,400,000 | 8,132,000 | 8,214,000 | 8,157,000 | 8,445,000 | 8,233,000 | 7,615,000 | 7,031,000 | 7,184,000 | 7,230,000 | 7,000,000 |
| Debt-to-assets ratio | 0.20 | 0.21 | 0.22 | 0.23 | 0.23 | 0.25 | 0.29 | 0.30 | 0.31 | 0.32 | 0.21 | 0.21 | 0.21 | 0.27 | 0.28 | 0.22 | 0.18 | 0.22 | 0.23 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,214,000K ÷ $11,215,000K
= 0.20
The debt-to-assets ratio of Huntington Ingalls Industries Inc has shown a slight decrease over the past eight quarters, starting at 0.30 in Q1 2022 and gradually declining to 0.22 in Q4 2023. This trend indicates that the company has been successful in managing its debt relative to its total assets.
A decreasing debt-to-assets ratio is generally considered positive, as it suggests that the company is becoming less leveraged and more financially stable. A lower ratio implies that a smaller portion of the company's assets is financed by debt, which can reduce financial risk and increase investor confidence.
The consistent decline in the debt-to-assets ratio over the period indicates that Huntington Ingalls Industries Inc has been effectively managing its debt levels and optimizing its asset base. This trend may reflect prudent financial management decisions, a focus on reducing debt burdens, or improving asset utilization.
Overall, the decreasing trend in the debt-to-assets ratio of Huntington Ingalls Industries Inc suggests that the company has been making progress in strengthening its financial position and may be better positioned to weather economic challenges or pursue growth opportunities in the future.
Peer comparison
Dec 31, 2023