Hubbell Inc (HUBB)

Debt-to-assets ratio

		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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	1,442,700	1,640,300	1,892,700	1,895,700	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
Total assets	US$ in thousands	6,679,100	6,935,000	6,871,700	6,862,100	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
Debt-to-assets ratio		0.22	0.24	0.28	0.28	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

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 for Hubbell Inc has been relatively stable over the past few years, ranging from 0.22 to 0.32. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio generally indicates lower financial risk, as it suggests a smaller portion of the company's assets is funded by debt.

From December 31, 2022 to December 31, 2024, the debt-to-assets ratio decreased from 0.27 to 0.22, showing a decreasing trend in the company's reliance on debt to finance its assets. However, there was a slight increase in the ratio from September 30, 2024 to December 31, 2024, which could indicate a potential change in the company's financial structure or asset composition during that period.

Overall, Hubbell Inc's debt-to-assets ratio demonstrates a conservative approach to debt management, with the company maintaining a healthy balance between debt and assets to support its operations and growth.