H&R Block Inc (HRB)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 36.72 | — | — | — | 35.53 | — | — | — | 95.82 | — | — | — | 15.45 | 84.29 | — | 216.90 | 10.37 | 10.37 | 10.37 | — |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,263,900K ÷ $88,896K
= 36.72
The financial leverage ratio of H&R Block Inc. exhibits significant fluctuations over the reported period, indicating variability in the company’s use of debt relative to equity. Initially, as of January 31, 2021, the ratio was unavailable, but by March 31, 2021, it was reported at 10.37, maintaining this level through April and June 2021. A substantial change occurred in September 2021 when the leverage ratio abruptly surged to 216.90, suggesting a significant increase in debt relative to equity during that quarter.
Following this peak, the ratio dropped back to undefined levels (not reported) at the end of December 2021, but by March 2022 it decreased to 84.29, reflecting a reduction from the previous peak yet still indicating a high leverage position. During the subsequent quarters, the ratio exhibited volatility: declining again to 15.45 in June 2022, then once more becoming unreported in late 2022 and early 2023 periods. In the third quarter of 2023, the leverage ratio resumed at 95.82, indicating a renewed increase in financial leverage.
Most recently, the data shows a decrease to 35.53 as of June 30, 2024, which, although lower than the previous high levels, still indicates a notable degree of leverage. The most current reported figure (June 30, 2025) is marginally higher at 36.72, suggesting a relatively stable but elevated level of leverage compared to the earlier part of the observed timeframe.
Overall, the historical pattern of the financial leverage ratio reflects periods of extreme leverage, particularly around September 2021 and other sporadic points, interspersed with intervals of reduced leverage or non-reporting. The large fluctuations point to potential strategic shifts or financial restructuring events. When present, higher ratios highlight increased reliance on debt financing, which can amplify financial risk, whereas periods of lower leverage suggest a phase of relative financial stability or deleverage.
Peer comparison
Jun 30, 2025