Stock Analysis on Net
Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

$22.49

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

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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
Short-term investments
Accounts receivable, net of allowances
Inventories, net
Other current assets
Assets held for sale, current
Current assets
Property, plant, and equipment, net
Investments
Goodwill
Other intangible assets, net
Other long-term assets
Assets held for sale, non-current
Other assets
Long-term assets
Total assets

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 analyzed financial data indicate several observable trends in asset composition over the reported periods.

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibits fluctuations, with notable increases during early 2020 and late 2022 to 2023, peaking near 9.93% in the last quarter. This suggests a strengthened liquidity position around these times, potentially as a buffer in uncertain periods.
Short-term Investments
Short-term investments maintain a relatively low and stable percentage of total assets, generally oscillating between 0.18% and 0.31%, indicating a consistent but modest allocation in this category.
Accounts Receivable, Net
This asset component shows minor volatility, mostly ranging between approximately 12.5% and 15.7% of total assets. A slight downward trend is evident during parts of 2020 with some recovery thereafter, reflecting shifts in credit sales or collection efficiency.
Inventories, Net
Inventory levels as a percentage of total assets present a gradual decline from initial values above 14% in early 2018 to lows near 11.9% in 2020, followed by a moderate increase through 2023. This pattern may reflect adjustments in inventory management or changes in sales demand.
Other Current Assets
Other current assets remain relatively stable around 1% to 1.8% of total assets, indicating little significant variation in this category over time.
Current Assets
The total current assets proportion demonstrates variability, decreasing toward the end of 2018, recovering around 2020, and showing a steady increase from 2021 onwards, reaching over 40% by late 2023. This suggests a gradual shift towards higher liquidity and short-term asset holdings in recent periods.
Property, Plant, and Equipment, Net
This long-term asset category remains quite stable, fluctuating narrowly around 9% to 10%, with a slight dip observed in 2021. The stability indicates consistent investment or depreciation patterns without substantial expansion or disposal.
Investments
Investments relative to total assets remain low, typically between 1% and 1.4%, with marginal fluctuations suggesting a steady level of investment holdings over time.
Goodwill
Goodwill represents a significant portion of total assets, generally around 35%, showing modest variation including some declines from peaks near 37.8% in 2020 to below 35% in the latest quarters. This indicates occasional impairment or revaluation events but overall sustained intangible asset presence.
Other Intangible Assets, Net
Other intangible assets exhibit a gradual decreasing trend from approximately 18% in early 2018 to around 11% by the end of 2023, highlighting possible amortization, disposals, or impairments affecting this asset class.
Other Long-Term Assets
The proportion of other long-term assets varies slightly, staying near 1% to 3.5%, with some increases noted in the 2019-2020 period, then moderate decreases during 2021 and later quarters.
Assets Held for Sale
Assets held for sale are sporadically reported, appearing at approximately 3.4% to 3.35% in certain quarters, indicating occasional disposition activities.
Other Assets and Long-Term Assets
Other assets as a percentage of total assets gradually decline from near 55-57% in early periods to around 50% by 2023, while total long-term assets similarly decrease from approximately 65% to around 60%, reflecting a slow shift from long- to short-term asset composition.
Total Assets
The total assets consistently sum to 100%, serving as the basis for comparison across categories.

Overall, the data indicate a trend toward increased liquidity with rising current assets and cash equivalents in recent years, coupled with a slight reduction in intangible asset proportions. The stability in property and investments suggests consistent capital management, while the decline in long-term assets proportion hints at strategic asset reallocation or operational adjustments.