Hubbell Inc (HUBB)

Debt-to-assets ratio

		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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	2,023,200	1,439,700	1,439,100	1,438,500	1,437,900	1,437,300	1,436,700	1,436,100	1,435,500	1,434,900	1,434,200	1,433,700	1,436,900	1,436,300	1,610,400	1,597,300	1,506,000	1,714,100	1,722,800	1,731,500
Total assets	US$ in thousands	6,914,000	5,768,300	5,640,900	5,480,800	5,402,600	5,338,400	5,238,200	5,169,700	5,281,500	5,241,700	5,172,800	5,292,900	5,085,100	4,877,100	5,058,700	4,959,100	4,903,000	5,074,300	5,036,000	4,976,100
Debt-to-assets ratio		0.29	0.25	0.26	0.26	0.27	0.27	0.27	0.28	0.27	0.27	0.28	0.27	0.28	0.29	0.32	0.32	0.31	0.34	0.34	0.35

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,023,200K ÷ $6,914,000K
= 0.29

The debt-to-assets ratio of Hubbell Inc. has shown a fluctuating trend over the past eight quarters. It ranged from a low of 0.25 in Q3 2023 to a high of 0.31 in Q4 2023. The ratio indicates the proportion of the company's total assets that are financed by debt.

Overall, the trend suggests that Hubbell Inc. has maintained a relatively conservative level of debt relative to its total assets. A decreasing trend in the ratio indicates that the company has been reducing its reliance on debt financing over the past year.

However, despite the fluctuations, the ratio has stayed within a relatively narrow range of 0.25 to 0.31, indicating a stable and consistent debt-to-assets structure. This suggests that Hubbell Inc. has been managing its debt levels effectively and maintaining a healthy balance between debt and assets.

It is important to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its overall financial health and operational strategies.