H&R Block Inc (HRB)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,491,100 | 1,488,970 | 1,486,880 | 1,490,040 | 2,845,870 |
| Total assets | US$ in thousands | 3,218,810 | 3,072,260 | 3,269,160 | 3,653,650 | 5,112,050 |
| Debt-to-assets ratio | 0.46 | 0.48 | 0.45 | 0.41 | 0.56 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,491,100K ÷ $3,218,810K
= 0.46
The debt-to-assets ratio of H&R Block Inc has been fluctuating over the last five years, ranging from 0.41 to 0.56. It measures the proportion of the company's total assets that are financed by debt.
In Jun 30, 2024, the debt-to-assets ratio was 0.46, indicating that 46% of the company's assets were financed by debt. Compared to the previous year, there was a slight decrease from 0.48 in Jun 30, 2023. This suggests that H&R Block Inc reduced its reliance on debt to finance its assets.
Looking back further, in Jun 30, 2022, the ratio was 0.45, and in Apr 30, 2021, it was 0.41, showing a decreasing trend during those years. However, in Apr 30, 2020, the ratio spiked to 0.56, indicating a higher level of debt relative to assets at that time.
Overall, the debt-to-assets ratio of H&R Block Inc has displayed fluctuations, with the company managing its debt levels to fund its assets. This ratio is important for investors and creditors in assessing the company's financial risk and leverage position.
Peer comparison
Jun 30, 2024