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: Assets 

Hubbell Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 8.15 5.42 5.11 3.71 3.88
Short-term investments 0.26 0.18 0.18 0.29 0.19
Accounts receivable, net of allowances 13.73 12.79 12.48 13.93 14.89
Inventories, net 13.71 12.54 11.94 12.91 13.36
Other current assets 1.56 1.26 1.51 1.26 1.42
Assets held for sale, current 0.00 3.40 0.00 0.00 0.00
Current assets 37.42% 35.58% 31.22% 32.11% 33.74%
Property, plant, and equipment, net 9.77 8.70 10.21 10.30 10.31
Investments 1.22 1.31 1.40 1.14 1.16
Goodwill 36.47 35.43 37.82 36.95 36.62
Other intangible assets, net 12.40 12.90 15.94 15.94 16.82
Other long-term assets 2.72 2.72 3.41 3.56 1.36
Assets held for sale, non-current 0.00 3.35 0.00 0.00 0.00
Other assets 52.81% 55.72% 58.57% 57.59% 55.96%
Long-term assets 62.58% 64.42% 68.78% 67.89% 66.26%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The analysis of the company's asset composition reveals several key trends in the allocation and proportion of both current and long-term assets over the five-year period from 2018 to 2022.

Cash and cash equivalents
There is a notable upward trend in cash and cash equivalents, increasing from 3.88% of total assets in 2018 to 8.15% in 2022. This indicates a strategic shift towards higher liquidity over the period.
Short-term investments
Short-term investments fluctuate slightly but remain a minor portion of total assets, ranging between 0.18% and 0.29%, with a small increase in 2022 compared to prior years.
Accounts receivable, net of allowances
Accounts receivable as a percentage of total assets decreases from 14.89% in 2018 to a low of 12.48% in 2020, then rises again to 13.73% in 2022, indicating some variability in the collection cycle or sales on credit.
Inventories, net
Inventories decline from 13.36% in 2018 to 11.94% in 2020, before increasing to 13.71% in 2022, suggesting fluctuations in inventory management or sales demand cycles.
Other current assets
Other current assets remain relatively stable, ranging narrowly between 1.26% and 1.56%. The presence of current assets held for sale in 2021 at 3.4% is notable but not sustained in subsequent years.
Total current assets
Total current assets decline slightly from 33.74% in 2018 to 31.22% in 2020, then rise significantly to 37.42% in 2022, largely driven by increases in cash and inventories.
Property, plant, and equipment, net
This asset category declines from around 10.3% in 2018-2020 to 8.7% in 2021, then recovers somewhat to 9.77% in 2022, indicating possible divestitures or depreciation effects followed by reinvestment.
Investments
Investments as a percentage of total assets remain relatively stable with minor fluctuations between 1.14% and 1.4%, showing little change in this asset class' relative importance.
Goodwill
Goodwill maintains a dominant and stable presence, consistently around 36-38% of total assets. Despite minor fluctuations, it remains a significant intangible asset category over the period.
Other intangible assets, net
Other intangible assets show a steady decline from 16.82% in 2018 to 12.4% in 2022, signaling amortization or impairment effects reducing their proportional value over time.
Other long-term assets
Other long-term assets increase notably from 1.36% in 2018 to 3.56% in 2019, then gradually decrease to 2.72% by 2022, indicating some reclassification or realization of these assets.
Assets held for sale, non-current
The appearance of non-current assets held for sale at 3.35% in 2021 is a distinctive item for that year, suggesting specific divestment activities not present before or after.
Total other assets
"Other assets" category peaks at 58.57% in 2020 and declines steadily to 52.81% in 2022, reflecting overall changes in intangible and other asset categories within the long-term asset structure.
Total long-term assets
Total long-term assets show a decreasing trend after peaking at 68.78% in 2020, sliding to 62.58% in 2022, driven by declines in intangibles and property, plant, and equipment.
Total assets
The composition changes highlight a shift towards increased current asset liquidity and a relative reduction in long-term asset intensity over the timeframe analyzed.