Hubbell Inc (HUBB)

Financial leverage 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
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
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
Financial leverage ratio		2.04	2.16	2.25	2.34	2.40	2.11	2.15	2.22	2.29	2.30	2.32	2.34	2.37	2.42	2.43	2.54	2.46	2.42	2.58	2.59

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,679,100K ÷ $3,268,300K
= 2.04

The financial leverage ratio of Hubbell Inc has shown a gradual decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio declined from 2.59 on March 31, 2020, to 2.04 on December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over time, which may suggest improved financial stability and lower financial risk. It is important to monitor this trend to assess Hubbell Inc's ability to meet its financial obligations and manage its debt effectively in the future.