Stock Analysis on Net
Stock Analysis on Net

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: Liabilities and Stockholders’ Equity 
Quarterly Data

Hubbell Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Short-term debt and current portion of long-term debt 0.06 0.03 0.09 0.09 0.07 0.11 0.15 0.18 2.46 2.66 6.82 3.01 0.45 2.87 2.15 1.33 0.71 1.08 1.55 1.15 2.61 1.83 3.57
Accounts payable 9.62 9.84 9.95 9.81 10.68 10.51 10.61 10.09 9.38 9.00 7.96 7.43 7.95 7.01 7.23 7.09 8.17 8.51 8.11 8.08 8.42 8.46 7.53
Accrued salaries, wages and employee benefits 2.24 2.08 1.26 2.67 2.02 1.75 1.20 1.79 1.56 1.53 1.21 1.80 1.62 1.32 1.33 2.07 1.83 1.45 1.38 2.09 2.20 1.63 1.43
Accrued insurance 1.40 1.40 1.55 1.40 1.40 1.39 1.51 1.39 1.47 1.48 1.47 1.41 1.48 1.52 1.57 1.39 1.38 1.38 1.41 1.26 1.26 1.32 1.30
Other accrued liabilities 5.26 5.62 6.35 6.18 5.74 5.38 5.14 4.99 4.88 4.65 4.25 4.99 4.76 4.70 4.68 5.35 4.98 4.93 4.59 4.65 4.28 4.28 4.24
Liabilities held for sale, current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.73 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 liabilities 18.57% 18.97% 19.20% 20.15% 19.90% 19.15% 18.61% 20.17% 19.75% 19.32% 21.70% 18.65% 16.25% 17.41% 16.96% 17.23% 17.07% 17.36% 17.04% 17.23% 18.77% 17.53% 18.06%
Long-term debt, excluding current portion 24.96 25.51 26.25 26.61 26.92 27.43 27.78 27.18 27.37 27.73 27.09 28.26 29.45 31.83 32.21 30.72 33.78 34.21 34.80 35.65 35.87 38.17 38.25
Other non-current liabilities 8.78 8.88 9.25 9.36 9.52 10.13 10.58 9.87 11.32 11.57 11.57 12.09 12.65 11.74 11.94 12.07 11.40 11.60 11.45 10.20 9.91 10.06 9.95
Liabilities held for sale, non-current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.36 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
Non-current liabilities 33.74% 34.39% 35.50% 35.97% 36.45% 37.56% 38.36% 37.41% 38.69% 39.29% 38.66% 40.34% 42.10% 43.58% 44.15% 42.78% 45.18% 45.81% 46.25% 45.85% 45.78% 48.24% 48.21%
Total liabilities 52.32% 53.36% 54.69% 56.12% 56.35% 56.70% 56.97% 57.57% 58.45% 58.61% 60.36% 58.99% 58.36% 60.99% 61.11% 60.01% 62.25% 63.17% 63.29% 63.08% 64.55% 65.77% 66.26%
Total Hubbell Incorporated shareholders’ equity 47.49 46.46 45.12 43.70 43.43 43.09 42.81 42.22 41.38 41.09 39.35 40.71 41.35 38.74 38.61 39.71 37.50 36.46 36.34 36.55 35.11 33.89 33.40
Noncontrolling interest 0.20 0.18 0.19 0.18 0.22 0.21 0.21 0.21 0.18 0.29 0.29 0.30 0.29 0.27 0.27 0.27 0.25 0.38 0.38 0.38 0.34 0.34 0.33
Total equity 47.68% 46.64% 45.31% 43.88% 43.65% 43.30% 43.03% 42.43% 41.55% 41.39% 39.64% 41.01% 41.64% 39.01% 38.89% 39.99% 37.75% 36.83% 36.71% 36.92% 35.45% 34.23% 33.74%
Total liabilities and equity 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).

Short-term debt and current portion of long-term debt
This metric shows fluctuations with a notable peak at 6.82% in March 2021, followed by a substantial decline to lower single-digit levels thereafter, stabilizing around 0.03% to 0.09% in 2023. This suggests a significant reduction in short-term debt exposure in the most recent periods.
Accounts payable
Accounts payable as a percentage of total liabilities and equity generally increased over time. It started at 7.53% in March 2018, increased to levels around 9%-10% in late 2021 through 2023, indicating a rising trend in obligations to suppliers or accrued expenses.
Accrued salaries, wages and employee benefits
This category fluctuated moderately but shows an overall increasing trend from 1.43% in early 2018 to peaks above 2.0% in late 2022 and 2023, suggesting incremental growth in accrued employee-related liabilities.
Accrued insurance
Accrued insurance remained relatively stable, generally ranging between 1.3% and 1.57% over the entire period, reflecting consistent levels of insurance-related liabilities.
Other accrued liabilities
This liability category displayed a steady increase from roughly 4.24% in early 2018 to a peak of 6.35% in March 2023, demonstrating growing accruals possibly related to operational or contingent expenses.
Liabilities held for sale
Liabilities held for sale appeared in small amounts during 2021 and 2022, indicating possible divestitures or assets pending disposal during those periods.
Current liabilities
Current liabilities as a percentage of total liabilities and equity remained relatively stable around 17% to 20% throughout the reported periods, with a slight rise noted towards 2021 and 2022 before slight decreases into 2023, implying a consistent short-term obligation profile.
Long-term debt, excluding current portion
Long-term debt showed a declining trend, from 38.25% in March 2018 down to 24.96% by September 2023, indicating a progressive reduction in long-term borrowing or improved debt management over time.
Other non-current liabilities
Other non-current liabilities fluctuated within a narrow band, peaking at 12.65% in late 2020 and gradually declining to 8.78% by September 2023, suggesting reduced other long-term obligations or reclassifications.
Non-current liabilities
Overall non-current liabilities declined steadily from around 48.21% in early 2018 to approximately 33.74% by late 2023, reflecting the reductions in long-term debt and other non-current obligations.
Total liabilities
Total liabilities as a proportion of total liabilities and equity gradually decreased from about 66.26% in 2018 to 52.32% by September 2023, indicating an improved leverage position or increased equity base relative to liabilities.
Total Hubbell Incorporated shareholders’ equity
Shareholders’ equity increased consistently from 33.4% in March 2018 to 47.49% by September 2023, showing strengthening of the equity base relative to liabilities, enhancing the company's financial stability and capitalization.
Noncontrolling interest
Noncontrolling interest remained minimal and relatively stable throughout, mostly under 0.3%, indicating limited minority ownership impact on the overall equity structure.
Total equity
Total equity mirrored the trend of shareholders’ equity, rising from approximately 33.74% in early 2018 to 47.68% by late 2023. This confirms an overall enhancement in financial strength stemming from equity growth over the analysis period.