H&R Block Inc (HRB)

Debt-to-assets ratio

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 Apr 30, 2021 Mar 31, 2021 Jan 31, 2021
Long-term debt US$ in thousands 1,490,040 2,369,570
Total assets US$ in thousands 3,263,900 3,245,010 2,712,320 2,549,970 3,218,810 3,213,320 2,776,300 2,511,050 3,072,260 3,157,910 2,593,220 2,559,230 3,269,160 3,781,130 3,100,060 3,368,030 3,653,650 3,653,650 3,653,650 3,168,360
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41 0.00 0.75

June 30, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,263,900K
= 0.00

The analysis of H&R Block Inc.'s debt-to-assets ratio reveals significant fluctuations over the tested period. At the beginning of the period, on January 31, 2021, the ratio stood at 0.75, indicating that approximately 75% of the company’s assets were financed through debt. This high level of leverage suggests a substantial reliance on debt funding during that time.

Subsequently, there was a noteworthy decline, with the ratio dropping to 0.00 by March 31, 2021. This change indicates that the company either significantly reduced its debt or increased its assets without incremental debt, leading to a zero leverage position at that point. The ratio remained at zero through subsequent quarters, including April 30, 2021, June 30, 2021, and throughout the rest of 2021, as well as in 2022 and into 2023.

This persistent zero ratio suggests that H&R Block Inc. maintained a debt-free capital structure during this extensive period, reflecting a conservative financing approach or a shift toward equity financing. The consistent absence of debt implies a strategic decision to avoid leverage, potentially due to changing market conditions, risk tolerance, or operational strategies.

In summary, after an initial period with a high debt-to-assets ratio, H&R Block Inc. transitioned to a debt-free financial position, which has been maintained continually through at least September 2025.


Peer comparison

Jun 30, 2025