Hawkins Inc (HWKN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.62 | 1.64 | 1.50 | 1.60 | 1.69 | 1.74 | 1.81 | 1.90 | 1.87 | 1.79 | 1.68 | 1.73 | 1.78 | 1.74 | 1.66 | 1.64 | 1.67 | 1.66 | 1.71 | 1.79 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $657,934K ÷ $406,026K
= 1.62
Hawkins Inc's financial leverage ratio has fluctuated over the past few quarters, with the ratio ranging from 1.50 to 1.90. The ratio indicates the company's level of debt relative to its equity, with higher ratios suggesting a higher level of financial risk due to increased debt obligations.
The rising trend in the financial leverage ratio from 1.50 in September 2023 to 1.90 in June 2022 may indicate that the company has been taking on more debt to finance its operations or growth initiatives. This could potentially lead to increased financial risk and interest expenses for the company.
However, the ratio decreased to 1.66 in March 2020, suggesting a potential reduction in debt levels or an increase in equity, which may have improved the company's financial position and reduced its reliance on debt financing.
Overall, it would be important for Hawkins Inc to carefully manage its financial leverage ratio and ensure a balance between debt and equity to maintain a sustainable capital structure and financial stability.
Peer comparison
Mar 31, 2024