H&R Block Inc (HRB)
Debt-to-assets ratio
| 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 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,491,100 | 1,490,570 | 2,290,040 | 1,489,510 | 1,488,970 | 1,488,460 | 2,067,940 | 1,487,410 | 1,486,880 | 1,486,530 | 1,760,830 | 1,984,510 | 1,490,040 | 2,369,570 | 1,559,090 | 3,495,920 | 2,845,870 | 1,880,590 | 980,299 | 1,493,290 |
| Total assets | US$ in thousands | 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 | 3,168,360 | 2,556,430 | 4,997,440 | 5,112,050 | 3,452,430 | 2,756,740 | 3,110,000 |
| Debt-to-assets ratio | 0.46 | 0.46 | 0.82 | 0.59 | 0.48 | 0.47 | 0.80 | 0.58 | 0.45 | 0.39 | 0.57 | 0.59 | 0.41 | 0.75 | 0.61 | 0.70 | 0.56 | 0.54 | 0.36 | 0.48 |
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 shown fluctuations over the past few quarters, ranging from 0.36 to 0.82. A higher debt-to-assets ratio indicates that a company has higher levels of debt relative to its total assets, which may suggest higher financial risk and leverage.
In the recent quarters, such as Jun 30, 2024, Mar 31, 2024, and Jun 30, 2023, the company had moderate debt-to-assets ratios of around 0.46 to 0.48, signifying a balanced mix of debt and assets. However, in Dec 31, 2023, and Dec 31, 2022, the ratio spiked to 0.82 and 0.80, respectively, indicating a relatively high proportion of debt compared to assets during those periods.
On the other hand, in Mar 31, 2022, and Oct 31, 2019, the company had lower debt-to-assets ratios of 0.39 and 0.36, respectively. This suggests that during those periods, H&R Block had a relatively lower amount of debt in relation to its total assets, potentially indicating a more conservative financial structure.
Overall, it is essential for investors and stakeholders to monitor H&R Block's debt-to-assets ratio trends over time to assess the company's leverage and financial risk management strategy.
Peer comparison
Jun 30, 2024