Huntington Ingalls Industries Inc (HII)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,093,000 | 3,733,000 | 3,646,000 | 3,563,000 | 3,489,000 | 3,048,000 | 2,952,000 | 2,822,000 | 2,808,000 | 2,189,000 | 2,067,000 | 1,979,000 | 1,901,000 | 1,880,000 | 1,678,000 | 1,643,000 | 1,588,000 | 1,705,000 | 1,628,000 | 1,563,000 |
| Debt-to-capital ratio | 0.35 | 0.37 | 0.40 | 0.41 | 0.42 | 0.46 | 0.51 | 0.53 | 0.54 | 0.60 | 0.45 | 0.46 | 0.47 | 0.55 | 0.58 | 0.50 | 0.45 | 0.48 | 0.51 | 0.49 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,214,000K ÷ ($2,214,000K + $4,093,000K)
= 0.35
The debt-to-capital ratio of Huntington Ingalls Industries Inc has shown a decreasing trend from Q4 2022 to Q3 2023. The ratio decreased from 0.50 in Q3 2022 to 0.37 in Q4 2023, indicating a lower level of debt relative to total capital at the end of the period. This suggests that the company has been managing its debt levels effectively and potentially reducing its financial leverage. However, the ratio has been fluctuating over the quarters, with some periods showing higher levels of debt relative to capital, such as Q2 2022 and Q1 2022 where the ratio was 0.51 and 0.53 respectively. Overall, the decreasing trend in the debt-to-capital ratio indicates an improvement in the company's financial leverage and debt management over the quarters.
Peer comparison
Dec 31, 2023