H&R Block Inc (HRB)
Debt-to-equity 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-equity ratio | 16.46 | — | — | — | 46.44 | — | — | — | 7.03 | 33.14 | — | 127.80 | 4.23 | — | — | 25.84 | 40.06 | — | — | 5.14 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,491,100K ÷ $90,594K
= 16.46
The debt-to-equity ratio of H&R Block Inc has shown significant fluctuations over the periods indicated. Specifically, the ratio was 16.46 as of June 30, 2024, indicating that for every dollar of equity, the company had $16.46 of debt. This represents a higher level of leverage compared to previous periods.
Looking back, the ratio was notably high at 127.80 as of September 30, 2021, suggesting a considerable reliance on debt financing during that period. Subsequent to that, there was a sharp decrease in the ratio to 4.23 as of December 31, 2021, indicating a significant reduction in debt relative to equity.
The data also shows a varied pattern, with some periods not providing a debt-to-equity ratio for analysis. The ratios range from as low as 4.23 to as high as 127.80, reflecting fluctuations in the company's capital structure and financial risk over time.
Overall, the debt-to-equity ratio analysis suggests that H&R Block Inc has experienced fluctuations in its leverage levels, indicating varying degrees of reliance on debt financing and equity. It would be important to further investigate the reasons behind these fluctuations to assess the company's financial health and risk profile accurately.
Peer comparison
Jun 30, 2024