Hawkins Inc (HWKN)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 88,818 | 109,797 | 49,775 | 78,353 | 101,731 | 120,710 | 130,688 | 149,166 | 115,644 | 105,915 | 73,891 | 85,868 | 88,845 | 85,821 | 65,798 | 55,775 | 49,751 | 57,728 | 64,705 | 74,682 |
| Total assets | US$ in thousands | 657,934 | 644,047 | 575,297 | 591,963 | 590,535 | 594,004 | 599,283 | 596,404 | 567,328 | 521,144 | 477,804 | 475,015 | 472,550 | 446,005 | 423,080 | 399,462 | 389,328 | 386,579 | 393,042 | 398,957 |
| Debt-to-assets ratio | 0.13 | 0.17 | 0.09 | 0.13 | 0.17 | 0.20 | 0.22 | 0.25 | 0.20 | 0.20 | 0.15 | 0.18 | 0.19 | 0.19 | 0.16 | 0.14 | 0.13 | 0.15 | 0.16 | 0.19 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $88,818K ÷ $657,934K
= 0.13
The debt-to-assets ratio for Hawkins Inc shows fluctuations over the past few quarters. The ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests lower financial risk, as the company relies less on debt for financing its assets.
In the most recent quarter, as of March 31, 2024, the ratio stood at 0.13, indicating that 13% of the company's assets are financed through debt. This represents a decrease from the previous quarter, where the ratio was 0.17.
Looking at the trend over the past few quarters, we observe some variability in the debt-to-assets ratio. It peaked at 0.25 in the quarter ending June 30, 2022, before gradually decreasing to the current level of 0.13. This suggests that the company has been managing its debt levels relative to its asset base.
Overall, the fluctuation in the debt-to-assets ratio indicates that Hawkins Inc has been actively adjusting its debt and asset levels. It is essential to monitor this ratio over time to assess the company's financial leverage and risk management strategies.
Peer comparison
Mar 31, 2024