Hubbell Inc (HUBB)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	1,442,700	2,023,200	1,437,900	1,435,500	1,436,900
Total assets	US$ in thousands	6,679,100	6,914,000	5,402,600	5,281,500	5,085,100
Debt-to-assets ratio		0.22	0.29	0.27	0.27	0.28

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,442,700K ÷ $6,679,100K
= 0.22

The debt-to-assets ratio of Hubbell Inc has shown a relatively stable trend over the years, decreasing from 0.28 in 2020 to 0.22 in 2024. This indicates that the company is relying less on debt financing relative to its total assets. A lower debt-to-assets ratio suggests that the company has a stronger financial position and a lower risk of insolvency. Hubbell Inc's consistent decrease in this ratio reflects a prudent debt management strategy, which may be positively viewed by investors and creditors.