H&R Block Inc (HRB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 90,594 | -129,806 | -772,652 | -344,884 | 32,064 | -36,392 | -643,479 | -264,985 | 211,631 | 44,856 | -372,655 | 15,528 | 352,401 | -534,580 | -279,966 | 135,277 | 71,041 | -318,379 | -75,747 | 290,804 |
| Debt-to-capital ratio | 0.94 | 1.10 | 1.51 | 1.30 | 0.98 | 1.03 | 1.45 | 1.22 | 0.88 | 0.97 | 1.27 | 0.99 | 0.81 | 1.29 | 1.22 | 0.96 | 0.98 | 1.20 | 1.08 | 0.84 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,491,100K ÷ ($1,491,100K + $90,594K)
= 0.94
The debt-to-capital ratio of H&R Block Inc has fluctuated over the past few quarters, indicating varying levels of debt relative to total capital employed. As of June 30, 2024, the ratio stands at 0.94, showing a decrease from the previous quarter's ratio of 1.10. This implies that the company's debt level relative to its total capital has decreased.
Looking at the trend over the last few periods, the ratio reached a peak of 1.51 in December 31, 2023, indicating a higher reliance on debt during that period. Subsequently, the ratio decreased to 0.88 as of June 30, 2022, before increasing again.
The fluctuation in the debt-to-capital ratio suggests that H&R Block Inc has been actively managing its debt structure, potentially adjusting its capital and debt mix to optimize its financial position. It's important for the company to closely monitor and manage this ratio to ensure a healthy balance between debt and equity in its capital structure.
Peer comparison
Jun 30, 2024