Hawkins Inc (HWKN)

Solvency ratios

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
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
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
Debt-to-equity ratio 0.22 0.28 0.13 0.21 0.29 0.35 0.39 0.48 0.38 0.36 0.26 0.31 0.33 0.33 0.26 0.23 0.21 0.25 0.28 0.33
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

Hawkins Inc's solvency ratios have shown some fluctuation over the past few quarters. The debt-to-assets ratio has ranged between 0.09 and 0.25, indicating that the company's level of debt relative to its total assets has varied. The debt-to-capital ratio has shown a similar pattern, fluctuating between 0.12 and 0.32, which reflects changes in the proportion of debt in the company's capital structure.

The debt-to-equity ratio has also experienced fluctuations between 0.13 and 0.48, suggesting changes in the company's reliance on debt financing compared to equity. Additionally, the financial leverage ratio has ranged from 1.50 to 1.90, indicating the company's overall level of financial leverage and risk.

Overall, Hawkins Inc's solvency ratios show that the company has been managing its debt levels relative to its assets, capital, and equity over the quarters analyzed. However, the fluctuations in these ratios suggest that the company's financial structure and risk profile have been evolving during this period.

Coverage ratios

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
Interest coverage 34.30 23.23 20.73 17.01 16.84 19.89 27.61 38.78 50.71 50.60 45.65 43.22 38.09 45.16 61.50 97.00 448.08 422.36 392.54 336.05

The interest coverage ratio for Hawkins Inc has shown fluctuating trends over the past several quarters. The ratio indicates the company's ability to cover its interest expenses with its operating income.

From Dec 31, 2019, to Jun 30, 2021, the interest coverage ratio remained relatively stable within a healthy range, indicating the company's strong ability to meet its interest obligations comfortably. However, there was a noticeable spike in interest coverage in Mar 31, 2020, Jun 30, 2020, and Sep 30, 2020, reaching unusually high levels of 448.08, 97.00, and 61.50 respectively.

Following these exceptional periods, the interest coverage ratio experienced a downward trend from Sep 30, 2021, to Dec 31, 2023. This decline may suggest potential challenges in generating sufficient operating income to cover interest expenses during this period, though the ratio remained above 15, which is generally considered a healthy level.

The latest data point as of Mar 31, 2024, shows a notable improvement in the interest coverage ratio, reaching 34.30. This increase suggests an enhanced ability to cover interest expenses with operating income compared to the previous quarter.

Overall, while there have been fluctuations in the interest coverage ratio for Hawkins Inc, the company has demonstrated a generally strong ability to cover its interest expenses with operating income, with some periods of exceptionally high coverage. Monitoring this ratio over time can provide valuable insights into the company's financial health and ability to meet debt obligations.