Hubbell's net debt stood at USD 1,235 mil and accounted for 55.1% of equity at the end of 2021. The ratio is down 13.4 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 88.7% in 2018 and a low of -8.01% in 2013 between 2006 and 2021. The average for the last five years was 65.6%.
Net debt to EBITDA was calculated at 1.73x at the end of the year.
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The company’s cost of funding amounted to 3.39% in 2021, down which is above the 5-year of 4.09%. Funding costs have “eaten” some 10.3% of the operating profit generated in 2019.
You can see all the company’s data at Hubbell profile, or you can download a report on the company in the report section.