H&R Block Inc (HRB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 88,896 | -192,838 | -872,460 | -368,065 | 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 | 352,401 | 352,401 | -534,580 |
| Debt-to-capital ratio | 0.00 | — | — | — | 0.00 | — | — | — | 0.00 | — | — | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.81 | 0.00 | 1.29 |
June 30, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $88,896K)
= 0.00
The debt-to-capital ratio for H&R Block Inc exhibits considerable variation across the recorded periods. Initially, on January 31, 2021, it was notably high at 1.29, indicating that the company's leverage was substantial, with debt accounting for a significant proportion of its capital structure. Subsequently, by March 31, 2021, the ratio dropped sharply to zero, suggesting the company either paid off its debt, no longer reported debt for that period, or that the measure was not available or applicable at that time. The ratio rebounded to 0.81 on April 30, 2021, signifying an increase in leverage but still below the earlier high point, potentially reflecting renewed borrowing or changes in capital structure.
From June 30, 2021, onwards, the ratio again returned to zero and remained at that level through subsequent periods, including September 30, 2021, December 31, 2021, and the following quarters up to and including June 30, 2025. The consistent reporting of a zero ratio indicates that H&R Block Inc has maintained an effectively debt-free capital structure during these intervals, or that assets and liabilities were managed in a way that resulted in negligible or no reported debt in relation to total capital.
The periods where data is missing or marked with a dash ("—")—notably at December 31, 2021; September, December 2022; and beyond—do not provide additional insights into the company's debt-to-capital ratio. These gaps may be due to reporting adjustments, changes in accounting policies, or the absence of relevant debt data.
Overall, the analysis suggests that the company's leverage has been highly variable, with significant debt at certain points in early 2021, followed by a period of minimal or no debt from mid-2021 onward. The sustained zero ratio in later periods indicates a significant shift toward a debt-averse or debt-free capital management approach.
Peer comparison
Jun 30, 2025