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Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

Hubbell Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 9.93 8.73 7.84 8.15 6.87 8.10 6.94 5.42 4.92 5.13 8.20 5.11 5.52 9.59 6.05 3.71 5.91 4.17 4.13 3.88 4.58 3.92 4.35
Short-term investments 0.31 0.29 0.31 0.26 0.23 0.27 0.24 0.18 0.19 0.24 0.19 0.18 0.18 0.20 0.27 0.29 0.22 0.21 0.19 0.19 0.22 0.21 0.31
Accounts receivable, net of allowances 14.79 14.38 14.20 13.73 15.00 14.90 15.05 12.79 15.23 14.74 13.28 12.48 14.59 12.73 14.27 13.93 15.51 15.60 14.39 14.89 15.77 15.68 14.15
Inventories, net 13.67 14.08 14.22 13.71 13.84 13.74 13.71 12.54 13.37 12.34 11.65 11.94 11.99 11.94 12.01 12.91 13.05 13.14 13.32 13.36 13.46 13.81 14.36
Other current assets 1.50 1.63 1.72 1.56 1.42 1.83 1.33 1.26 1.27 1.29 1.21 1.51 1.35 1.00 1.17 1.26 0.98 1.22 1.14 1.42 1.19 1.29 1.42
Assets held for sale, current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 40.19% 39.10% 38.29% 37.42% 37.36% 38.83% 37.28% 35.58% 34.97% 33.74% 34.53% 31.22% 33.63% 35.46% 33.78% 32.11% 35.67% 34.33% 33.17% 33.74% 35.22% 34.92% 34.59%
Property, plant, and equipment, net 9.92 9.88 9.83 9.77 8.96 8.87 8.91 8.70 9.94 10.03 9.76 10.21 9.95 9.67 9.99 10.30 9.81 10.11 10.14 10.31 9.99 9.98 9.95
Investments 1.07 1.23 1.21 1.22 1.25 1.37 1.41 1.31 1.38 1.35 1.31 1.40 1.24 1.07 1.07 1.14 0.99 1.13 1.16 1.16 1.22 1.15 1.14
Goodwill 34.58 35.43 36.05 36.47 36.51 35.50 36.18 35.43 36.68 37.17 36.36 37.82 37.18 35.75 36.44 36.95 35.11 35.44 35.91 36.62 35.35 35.40 35.38
Other intangible assets, net 11.18 11.78 11.91 12.40 12.93 12.30 12.85 12.90 14.08 14.66 14.85 15.94 14.84 14.64 15.30 15.94 15.08 15.56 16.12 16.82 16.95 17.41 17.88
Other long-term assets 3.06 2.57 2.70 2.72 2.99 3.13 3.38 2.72 2.95 3.06 3.19 3.41 3.15 3.41 3.42 3.56 3.36 3.42 3.51 1.36 1.26 1.13 1.08
Assets held for sale, non-current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other assets 49.89% 51.01% 51.87% 52.81% 53.68% 52.29% 53.82% 55.72% 55.08% 56.24% 55.71% 58.57% 56.41% 54.88% 56.23% 57.59% 54.53% 55.55% 56.69% 55.96% 54.79% 55.10% 55.47%
Long-term assets 59.81% 60.90% 61.71% 62.58% 62.64% 61.17% 62.72% 64.42% 65.03% 66.26% 65.47% 68.78% 66.37% 64.54% 66.22% 67.89% 64.33% 65.67% 66.83% 66.26% 64.78% 65.08% 65.41%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The asset composition of Hubbell Inc. shows a strategic shift toward increased liquidity and a gradual reduction in the proportion of long-term assets. Over the period from March 2018 to September 2023, total current assets grew from 34.59% to 40.19% of total assets, while long-term assets decreased from 65.41% to 59.81%.

Liquidity and Working Capital
A significant upward trend is observed in cash and cash equivalents, which increased from 4.35% in March 2018 to 9.93% by September 2023. This indicates a substantial strengthening of the company's immediate liquidity position. Short-term investments remained negligible and stable, fluctuating between 0.18% and 0.31%. Accounts receivable and inventories showed relative stability; receivables generally fluctuated between 12% and 16%, while inventories remained largely within the 11% to 14% range, suggesting consistent working capital management relative to the total asset base.
Intangible Assets and Goodwill
Goodwill represents a dominant portion of the balance sheet, consistently remaining between 34% and 38% of total assets. This indicates that a significant percentage of the company's asset value is derived from historical acquisitions. Conversely, other intangible assets, net, exhibit a persistent downward trend, declining from 17.88% in March 2018 to 11.18% in September 2023, which is characteristic of steady amortization over time.
Fixed and Long-Term Assets
Property, plant, and equipment (PP&E) remained remarkably stable, hovering around 9% to 10% of total assets throughout the analyzed period, suggesting that capital expenditures have largely kept pace with the growth of the overall balance sheet. Other long-term assets saw a moderate increase from 1.08% in early 2018 to peak around 3.5% in 2019 before stabilizing between 2.5% and 3% in the later years.
Structural Asset Transition
The overall trajectory reveals a transition from a balance sheet heavily weighted toward non-current assets—specifically intangibles and goodwill—toward a more liquid profile. The decrease in the share of long-term assets is primarily driven by the reduction in other intangible assets and a slight compression in the relative weight of goodwill, offset by the aggressive growth in the cash position.

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