Hubbell Inc (HUBB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,268,300	3,215,000	3,052,600	2,930,400	2,877,000	2,739,100	2,620,700	2,472,700	2,360,900	2,318,700	2,256,900	2,213,300	2,229,800	2,168,800	2,125,700	2,082,700	2,070,000	2,016,800	1,959,900	1,914,900
Debt-to-capital ratio		0.31	0.34	0.38	0.39	0.41	0.34	0.35	0.37	0.38	0.38	0.39	0.39	0.39	0.40	0.40	0.41	0.41	0.42	0.45	0.45

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,442,700K ÷ ($1,442,700K + $3,268,300K)
= 0.31

The debt-to-capital ratio of Hubbell Inc has exhibited a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.45 on March 31, 2020, to 0.31 on December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased, reflecting a potentially improved financial position and risk management. It suggests that a lower proportion of the company's capital structure is funded by debt compared to equity. However, it is important to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and appropriate in the long term.