Huntington Ingalls Industries Inc (HII)
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 | 2,214,000 | 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-equity ratio | 0.54 | 0.59 | 0.66 | 0.70 | 0.72 | 0.85 | 1.05 | 1.13 | 1.17 | 1.52 | 0.82 | 0.85 | 0.89 | 1.21 | 1.36 | 1.01 | 0.81 | 0.91 | 1.04 | 0.96 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,214,000K ÷ $4,093,000K
= 0.54
The debt-to-equity ratio of Huntington Ingalls Industries Inc has shown a decreasing trend over the past two years, indicating an improvement in the company's financial structure. The ratio decreased from 1.13 in Q1 2022 to 0.60 in Q4 2023. This decline suggests that the company has been reducing its reliance on debt financing and enhancing its equity base. A lower debt-to-equity ratio is generally viewed favorably by investors and creditors as it signifies lower financial risk and a stronger financial position for the company. It is essential to monitor this ratio over time to assess the company's ongoing financial health and risk management strategies.
Peer comparison
Dec 31, 2023