Debt-to-Equity Ratio

The debt-to-equity ratio of 0.85x means HWM has $0.85 of debt for every $1 of shareholder equity—a measure of financial leverage.

Among sector peers, the median is 0.72x, placing HWM in the 59th percentile, meaning its leverage is slightly above average. The year-over-year change is not available, but the quarter-over-quarter change is +2733.3%, driven by a jump from 0.03x to 0.85x. The trend direction over the last eight quarters is also not available. The combination of a moderately elevated ratio and a sharp quarterly increase from near-zero debt suggests HWM has recently taken on substantial leverage, which elevates financial risk compared to prior periods. This increased risk does not clearly support a bullish case, but the ratio is still within a common range for industrial companies. Therefore, this metric is consistent with a NEUTRAL verdict—neither strongly confirming nor contradicting it, as the sudden shift warrants caution without other context.

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