H&R Block (FRA:HRB) Debt-to-Equity : -3.47 (As of Dec. 2023)

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What is H&R Block Debt-to-Equity?

H&R Block's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €170 Mil. H&R Block's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,291 Mil. H&R Block's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-709 Mil. H&R Block's debt to equity for the quarter that ended in Dec. 2023 was -3.47.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for H&R Block's Debt-to-Equity or its related term are showing as below:

FRA:HRB' s Debt-to-Equity Range Over the Past 10 Years
Min: -55.16 Med: -3.26 Max: 155
Current: -3.47

During the past 13 years, the highest Debt-to-Equity Ratio of H&R Block was 155.00. The lowest was -55.16. And the median was -3.26.

FRA:HRB's Debt-to-Equity is not ranked
in the Personal Services industry.
Industry Median: 0.8 vs FRA:HRB: -3.47

H&R Block Debt-to-Equity Historical Data

The historical data trend for H&R Block's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

H&R Block Debt-to-Equity Chart

H&R Block Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Jun22

Jun23

Debt-to-Equity

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2.76

56.35

5.50

9.09

60.35

H&R Block Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-3.82	-51.30	60.35	-5.54	-3.47

Competitive Comparison of H&R Block's Debt-to-Equity

For the Personal Services subindustry, H&R Block's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

H&R Block's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where H&R Block's Debt-to-Equity falls into.

H&R Block Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

H&R Block's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(189.576	+	1596.344)	/	29.595
	=	60.35

H&R Block's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(170.034	+	2291.379)	/	-708.522
	=	-3.47

H&R Block (FRA:HRB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

H&R Block Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of H&R Block's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

H&R Block (FRA:HRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » H&R Block Inc (FRA:HRB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HRB:USA H1RB34:Brazil

Address

One H&R Block Way, Kansas City, MO, USA, 64105

Website

https://www.hrblock.com

H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.