Hexcel Corporation (HXL)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Long-term debt	US$ in thousands	700,600	805,100	794,900	714,600	699,400	754,100	779,000	768,500	723,300	797,000	812,000	857,500	822,400	876,400	904,500	912,000	925,500	998,700	1,264,700	1,389,500
Total stockholders’ equity	US$ in thousands	1,527,900	1,589,500	1,571,200	1,632,100	1,716,500	1,646,300	1,666,100	1,622,200	1,554,200	1,445,000	1,480,300	1,487,100	1,485,500	1,494,300	1,502,800	1,486,900	1,510,200	1,499,400	1,436,900	1,421,100
Debt-to-capital ratio		0.31	0.34	0.34	0.30	0.29	0.31	0.32	0.32	0.32	0.36	0.35	0.37	0.36	0.37	0.38	0.38	0.38	0.40	0.47	0.49

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $700,600K ÷ ($700,600K + $1,527,900K)
= 0.31

The debt-to-capital ratio of Hexcel Corporation has shown a decreasing trend over the past several quarters, indicating a more conservative capital structure. As of December 31, 2024, the debt-to-capital ratio stood at 0.31, which means that 31% of the company's capital is financed through debt. This indicates that Hexcel Corporation has been managing its debt levels effectively and reducing its reliance on borrowing to finance its operations. The decreasing trend in the debt-to-capital ratio suggests that the company may be focusing on improving its financial flexibility and reducing financial risks.