Hawkins Inc (HWKN)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 88,818 | 101,731 | 115,644 | 88,845 | 49,751 |
| Total stockholders’ equity | US$ in thousands | 406,026 | 350,016 | 302,601 | 265,246 | 233,484 |
| Debt-to-capital ratio | 0.18 | 0.23 | 0.28 | 0.25 | 0.18 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $88,818K ÷ ($88,818K + $406,026K)
= 0.18
The debt-to-capital ratio for Hawkins Inc has exhibited fluctuations over the past five years. In the latest fiscal year ending March 31, 2024, the company's debt-to-capital ratio stands at 0.18, indicating that 18% of the company's capital structure is financed by debt.
Comparing this to the previous years, we observe a downward trend from 0.23 in 2023 to 0.18 in 2024. This suggests that the company has been reducing its reliance on debt financing in relation to its overall capital structure.
The ratio peaked at 0.28 in 2022, reflecting a higher level of debt relative to capital at that time. However, it decreased to 0.25 in 2021 and subsequently to 0.18 in 2020, demonstrating a positive trend towards a more balanced capital structure with a lower debt component.
Overall, the decreasing trend in Hawkins Inc's debt-to-capital ratio indicates a potentially improving financial position in terms of debt management and overall capital structure.
Peer comparison
Mar 31, 2024