Huntington Ingalls Industries Inc (HII)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.74 | 2.85 | 2.98 | 3.04 | 3.11 | 3.48 | 3.59 | 3.74 | 3.78 | 4.75 | 3.93 | 4.15 | 4.29 | 4.49 | 4.91 | 4.63 | 4.43 | 4.21 | 4.44 | 4.48 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,215,000K ÷ $4,093,000K
= 2.74
The financial leverage ratio of Huntington Ingalls Industries Inc has been gradually decreasing over the past eight quarters, indicating a trend towards lower financial leverage. This suggests that the company is relying less on debt to finance its operations and growth. A lower financial leverage ratio generally reflects a stronger financial position and reduced risk of financial distress due to lower debt obligations. However, it is important to monitor this trend closely to ensure that the company maintains a healthy balance between debt and equity to support its growth objectives while managing financial risk effectively.
Peer comparison
Dec 31, 2023