Hubbell Inc (HUBB)

Debt-to-equity 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-equity ratio		0.44	0.51	0.62	0.65	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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,442,700K ÷ $3,268,300K
= 0.44

The debt-to-equity ratio of Hubbell Inc has shown a decreasing trend over the last few years, indicating a decreasing reliance on debt financing relative to equity. As of December 31, 2024, the ratio stood at 0.44, suggesting that the company's debt level is relatively low compared to its equity. This could signal a strong financial position and lower financial risk for the company, as lower debt levels can lead to lower interest expenses and reduced overall financial leverage. However, it is important to monitor this ratio over time to ensure that the company’s capital structure remains sustainable and balanced.