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: Liabilities and Stockholders’ Equity

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Hubbell Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Short-term debt and current portion of long-term debt
Accounts payable
Accrued salaries, wages and employee benefits
Accrued insurance
Customer program incentives
Accrued income taxes
Contract liabilities, deferred revenue
Customer refund liability
Accrued warranties
Current operating lease liabilities
Other
Other accrued liabilities
Liabilities held for sale, current
Current liabilities
Long-term debt, excluding current portion
Pensions
Other post-employment benefits
Deferred tax liabilities
Accrued warranties long-term
Non-current operating lease liabilities
Other
Other non-current liabilities
Liabilities held for sale, non-current
Non-current liabilities
Total liabilities
Common stock, par value $0.01
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total Hubbell Incorporated shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Short-term Debt and Current Portion of Long-term Debt
There was an increase from 1.15% in 2018 to a peak of 3.01% in 2020, followed by a sharp decline to 0.18% in 2021 and further to 0.09% in 2022, indicating a significant reduction in short-term debt obligations relative to total liabilities and equity.
Accounts Payable
The percentage decreased from 8.08% in 2018 to 7.09% in 2019, rose slightly to 7.43% in 2020, and then increased more notably to 10.09% in 2021 before a minor decline to 9.81% in 2022, showing a fluctuating but overall upward trend in payable liabilities.
Accrued Salaries, Wages, and Employee Benefits
This item remained relatively stable around 2% from 2018 through 2019, dipped to 1.8% in 2020 and 1.79% in 2021, then increased to 2.67% in 2022, suggesting fluctuation with a recent rise in accrued employee-related liabilities.
Accrued Insurance
Accrued insurance liabilities showed minor variation, increasing slightly from 1.26% in 2018 to around 1.4% in 2022, remaining relatively steady throughout the period.
Customer Program Incentives
There was a decline from 1.08% in 2018 to 0.8% in 2020, followed by an increase to 1.27% in 2021 and further to 1.63% in 2022, indicating growing accrued liabilities related to customer incentives in recent years.
Accrued Income Taxes
This liability remained low and stable, fluctuating narrowly between 0.07% and 0.12% over the years with no significant trend.
Contract Liabilities, Deferred Revenue
The ratio increased slightly from 0.57% in 2018 to 0.63% in 2019, remained stable through 2020, declined to 0.32% in 2021, then increased again to 0.85% in 2022, showing some variability in deferred revenue recognition.
Customer Refund Liability
This percentage exhibited minor fluctuation, peaking at 0.39% in 2019 and then declining to 0.27% in 2022, demonstrating a general downward trend in refund obligations.
Accrued Warranties (Current and Long-term)
Current accrued warranties decreased from 0.69% in 2018 to 0.37% in 2022, while long-term accrued warranties reduced more sharply from 1.22% in 2018 to 0.48% in 2022, suggesting decreasing warranty liabilities over time.
Current Operating Lease Liabilities
Data available from 2019 showed stable lease liabilities around 0.5% to 0.6% of total liabilities and equity, with a slight downward movement in 2021 followed by a small increase in 2022.
Other Accrued Liabilities
This item rose steadily from 4.65% in 2018 to 6.18% in 2022, indicating growing miscellaneous accrued obligations within current liabilities.
Current Liabilities (Overall)
The current liabilities as a whole increased consistently from 17.23% in 2018 and 2019 to around 20.15% in 2022, reflecting a rising share of short-term obligations relative to total financing.
Long-term Debt
There was a clear decreasing trend from 35.65% in 2018 to 26.61% in 2022, showing a reduction in long-term debt as a proportion of total liabilities and equity, which could indicate deleveraging or repayment of long-term obligations.
Pensions and Other Post-employment Benefits
Pensions decreased from 3.63% in 2018 to 2.87% in 2022, while other post-employment benefits also declined from 0.49% to 0.26% over the same period, indicating a reduction in employee-related long-term liabilities.
Deferred Tax Liabilities
Deferred tax liabilities remained relatively stable, fluctuating slightly but generally around 2.1% to 2.6%, with a slight downward tendency toward the end of the period.
Non-current Operating Lease Liabilities
Starting from 2019 at 1.46%, this liability slightly decreased to 1.1% in 2021 but rose to 1.57% in 2022, reflecting some variability in lease obligations over the longer term.
Other Non-current Liabilities
There was an increase from 10.2% in 2018 to a peak of 12.09% in 2020, followed by declines to 9.36% in 2022, indicating fluctuations but an overall decrease in this category of long-term liabilities since 2020.
Non-current Liabilities (Overall)
Non-current liabilities steadily decreased from 45.85% in 2018 to 35.97% in 2022, suggesting a significant reduction in long-term liabilities relative to the total capital structure.
Total Liabilities
Total liabilities as a portion of total financing decreased from 63.08% in 2018 to 56.12% in 2022, reflecting a gradual lowering of the overall leverage.
Total Equity
Total equity increased steadily from 36.92% in 2018 to 43.88% in 2022, driven mainly by rising retained earnings which grew from 42.37% to 50.08%. The accumulated other comprehensive loss remained consistently negative around -6%, slightly fluctuating during the period.
Summary of Financial Structure
The data indicates a trend toward decreasing reliance on debt financing, both short-term and long-term, accompanied by increasing equity proportions. Retained earnings have been the main contributor to equity growth, supporting a stronger equity base over time. The company has also been reducing liabilities linked to pensions, warranties, and other post-employment benefits, which may reflect improved liability management or changes in employee benefit plans. Current liabilities have increased slightly, driven by accounts payable and other accrued liabilities, possibly reflecting operational growth or timing differences in payments.