Hawkins Inc (HWKN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 406,026 | 393,754 | 382,656 | 371,001 | 350,016 | 341,160 | 331,414 | 313,277 | 302,601 | 291,694 | 284,313 | 275,205 | 265,246 | 256,915 | 254,637 | 243,429 | 233,484 | 232,211 | 229,435 | 223,392 |
| Debt-to-capital ratio | 0.18 | 0.22 | 0.12 | 0.17 | 0.23 | 0.26 | 0.28 | 0.32 | 0.28 | 0.27 | 0.21 | 0.24 | 0.25 | 0.25 | 0.21 | 0.19 | 0.18 | 0.20 | 0.22 | 0.25 |
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 of Hawkins Inc has shown some fluctuation over the past several quarters. As of March 31, 2024, the ratio stands at 0.18, indicating that 18% of the company's capital structure is attributed to debt. This represents a decrease from the previous quarter where the ratio was 0.22.
Looking further back, the trend of the debt-to-capital ratio shows some variability, with fluctuations between 0.12 and 0.32 over the past few years. The ratio peaked at 0.32 as of June 30, 2022, and reached its lowest point of 0.12 as of September 30, 2023.
The overall trend suggests that Hawkins Inc has been managing its debt and capital structure prudently, with the ratio generally staying within a reasonable range. The recent decrease in the ratio from the previous quarter may indicate a reduction in the company's reliance on debt funding, which could be a positive sign for its financial health and stability. Monitoring this ratio over time will help in evaluating Hawkins Inc's leverage and financial risk.
Peer comparison
Mar 31, 2024