H&R Block Inc (HRB)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 35.53 | — | — | — | 95.82 | — | — | — | 15.45 | 84.29 | — | 216.90 | 10.37 | — | — | 36.94 | 71.96 | — | — | 10.69 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,218,810K ÷ $90,594K
= 35.53
The financial leverage ratio for H&R Block Inc has shown variability over the periods presented. The ratio indicates the extent to which the company is relying on debt to finance its operations and growth. A high financial leverage ratio suggests higher financial risk due to increased debt obligations, while a low ratio implies lower reliance on debt financing.
For the periods reported, the financial leverage ratio ranged between 10.37 and 216.90. The ratio was highest in December 2021 and September 2022, indicating a significant level of debt relative to equity during those periods. Conversely, the ratio was lowest in April 2021 and January 2020, suggesting a lower proportion of debt in the company's capital structure during those periods.
The fluctuations in the financial leverage ratio may point to varying financing decisions or changes in the capital structure of H&R Block Inc over the analyzed periods. It is important for stakeholders to closely monitor the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Jun 30, 2024