Hubbell Inc (HUBB)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	1,947,100	1,903,100	1,835,900	1,808,100
Debt-to-equity ratio		0.70	0.53	0.55	0.58	0.61	0.62	0.64	0.65	0.64	0.66	0.67	0.69	0.69	0.71	0.82	0.83	0.77	0.90	0.94	0.96

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,023,200K ÷ $2,877,000K
= 0.70

The debt-to-equity ratio of Hubbell Inc. has been fluctuating over the past eight quarters, ranging from 0.53 to 0.74. A decreasing trend can be observed in the ratio from Q4 2022 to Q3 2023, indicating a lower level of reliance on debt financing relative to equity during this period. However, there was a slight increase in the ratio in Q4 2023 compared to the previous quarter.

Overall, the debt-to-equity ratio of Hubbell Inc. has remained within a moderate range, suggesting a balanced capital structure with a mix of debt and equity funding. Investors and creditors may closely monitor this ratio to assess the company's financial leverage and risk levels over time.